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CVNA
Benzinga
103 days

Carvana Analysts Boost Their Forecasts After Upbeat Q1 Results

1. Carvana reported Q1 revenue of $4.23 billion, exceeding expectations. 2. Earnings per share at $1.51 surpassed analyst forecasts of 60 cents. 3. Carvana sets records for retail units and customer net promoter score. 4. Analysts raised price targets; Wells Fargo to $310, Needham to $340. 5. Carvana aims for significant growth in retail units and EBITDA by 2025.

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FAQ

Why Bullish?

The strong earnings report and raised price targets signal positivity. Historical evidence shows earnings gains often correlate with stock upward momentum.

How important is it?

Earnings performance and positive analyst ratings are crucial for CVNA's stock movement.

Why Short Term?

Immediate investor interest in earnings can drive stock price changes quickly, similar to past quarterly announcements.

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