Carvana price target raised to $365 from $350 at JPMorgan

JPMorgan raised the firm’s price target on Carvana (CVNA) to $365 from $350 and keeps an Overweight rating on the shares, as meetings with operating leaders and a tour of the Haines IRC facility suggest the business has solid ongoing momentum across all areas of operations. On the implications of tariffs and knock-on effects to the consumer, Carvana is clearly not immune, though the firm doesn’t see any slowing in share gains, and the company is in a far stronger position, operationally, and financially, than in 2022 to weather any economic shocks.