Jefferies lowered the firm’s price target on Carvana to $80 from $85 and keeps a Hold rating on the shares. The firm expects “another solid EBITDA print” as Carvana prioritizes unit economics over unit growth, the analyst tells investors in a preview note for the U.S. Internet group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- Fly Insider: Steel Connect, Apple among weekâs notable insider trades
- Carvana price target raised to $65 from $60 at Baird
- Carvana call volume above normal and directionally bullish
- Carvana price target raised to $70 from $65 at JPMorgan
- Morgan Stanley upgrades U.S. auto industry view to Attractive from In-Line