Why Carvana Stock Jumped Today
Shares of Carvana (NYSE: CVNA) were moving higher today after one analyst raised his price target on the online used car company, and Carvana benefited from a lower-than-expected inflation report, which will help keep interest rates from going higher.
As a result, the stock was up 10.4% as of 3:32 p.m. ET.
JMP Securities analyst Nicholas Jones raised his price target on Carvana from $25 to $50 and maintained an outperform rating on the stock, arguing that the company has significant potential to benefit from multiple expansions as it moves toward profitability.
Source Fool.com
Carvana Co. Aktie
54,09 €
0,00 %
Absolute Beliebtheit: Carvana Co. hat nur Buy-Einschätzungen.
Das Kursziel von 398 €, festgelegt von der Community für Carvana Co., zeigt ein Potenzial von 635.81%, was einer Verdopplung des aktuellen Kurses entspricht.
