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-0.00143554407120313 -0.00161099945768334 0.00104475707404213 0.00526366159441088 0.00290298912176594 0.00290298912176594 0.00290298912176594 0.00290298912176594
Stock impact report

Carvana surges as Jefferies flags strong unit growth, pricing momentum [Yahoo! Finance]

Carvana Co. Class A (CVNA) 
Last carvana co. class a earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.carvana.com
Company Research Source: Yahoo! Finance
Shares of Carvana Co. (NYSE:CVNA) jumped nearly 8% on Tuesday after Jefferies reiterated its bullish stance, pointing to stronger-than-expected retail unit growth and improving pricing trends early in the first quarter. Jefferies maintained a “Buy” rating on the company with a $485 price target, implying roughly 67% upside from current levels. The firm said its proprietary data signals accelerating demand despite seasonal and macro headwinds. “Our Carvana web scrape estimates Retail Unit grew 39% y/y in February and 42% in the first week of March, which are nearly consistent with 43.5% in 4Q despite inclement weather and tough comparisons,” analysts wrote. Based on those trends, Jefferies sees potential upside to consensus expectations for the quarter. The analysts added that improving visibility into first-quarter performance supports their above-consensus outlook. “If we assume March follows last year's week-over-week seasonality, Carvana's first quarter retail units would Show less Read more
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