BTIG raised the firm’s price target on Carvana (CVNA) to $295 from $188 and keeps a Buy rating on the shares. The firm cites the company’s Q3 results, with the “highlight” of the quarter being the total GPU – Gross Profit per Unit – of $7,685 vs. the Street estimate of $6,599, the analyst tells investors in a research note.
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Read More on CVNA:
- Carvana price target raised to $320 from $200 at JMP Securities
- Carvana price target raised to $240 from $160 at Baird
- Carvana price target raised to $300 from $230 at JPMorgan
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