Carvana price target raised to $240 from $160 at Baird
The Fly

Carvana price target raised to $240 from $160 at Baird

Baird analyst Craig Kennison raised the firm’s price target on Carvana (CVNA) to $240 from $160 and keeps a Neutral rating on the shares. The firm said they reported exceptional results demonstrating rapid share gains and impressive profit growth. Retail volume surged 34% to 108,651 vehicles and the pace is expected to accelerate in Q4.

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