Carvana Shifts Into High Gear After Q2 Beat, Analysts Boost Price Targets
1. CVNA's Q2 earnings exceeded expectations with $4.84 billion in revenues. 2. BofA raised CVNA's price target from $375 to $425, maintaining a Buy rating. 3. Analysts anticipate impressive unit growth, with an increase of 41% year-on-year. 4. Needham's analyst claims CVNA is a top large cap growth story. 5. Shares soared by 18.14% after the earnings report, approaching a 52-week high.