Citi analyst Ronald Josey raised the firm’s price target on Carvana (CVNA) to $320 from $277 and keeps a Buy rating on the shares following the Q4 report. The company’s Q2 and 2025 guidance calls for continued retail unit sales and EBITDA growth, the analyst tells investors in a research note. The firm believes Carvana is successfully executing its plan to take advantage of demand. Given its investments in inventory and continuous operations improvements, the company is well positioned to deliver continued growth and greater overall profitability, contends Citi.
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