Baird analyst Colin Sebastian raised the firm’s price target on Carvana to $65 from $60 and keeps a Neutral rating on the shares. The firm believes there is likely upside to consensus retail unit and GPU estimates for Q1 and Q2. Moreover, their tracking of search trends and job listings may signal the shift to phase 3 of the turnaround plan.
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Read More on CVNA:
- Carvana price target raised to $70 from $65 at JPMorgan
- Morgan Stanley upgrades U.S. auto industry view to Attractive from In-Line
- Oracle, Dollar General upgraded: Wall Street’s top analyst calls
- Carvana upgraded to Hold from Underperform at Jefferies
- Carvana general counsel Breaux sells 20,000 class A shares
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