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Stock impact report

Needham Reaffirms Buy Rating on Carvana (CVNA) [Yahoo! Finance]

Aurora Innovation, Inc. - Class A (AUR) 
Company Research Source: Yahoo! Finance
Conviction List, replacing Aurora Innovation (AUR). The firm maintained its Buy rating on the stock, with a $500 target price, resulting in an upside of more than 58%. Needham notes that retail growth is the key driver of the investment story, with the company still early in its growth path. The firm has identified that “short-term headwinds” are impacting the company disproportionately in terms of investor sentiment and valuation. The adjusted EBITDA per unit is unlikely to decline further due to the company's increasing focus, which resolves this near-term issue. Back on February 20, Citi analyst Ronald Josey lowered the firm's price target on Carvana Co. (NYSE:CVNA) from $550 to $465. The analyst maintained his Buy rating on the stock, resulting in a revised upside potential of 47% at the prevailing level. Josey attributed this downward revision in price target to greater market volatility, following the company's fourth-quarter announcement. The analyst recommends buying the Show less Read more
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