JMP Securities raised the firm’s price target on Carvana to $150 from $135 and keeps an Outperform rating on the shares. After considering the firm’s industry normalization analysis, JMP continues to believe Carvana is well positioned to benefit from headwinds shifting to tailwinds, the analyst tells investors in a research note. JMP is incrementally confident in its above-consensus estimates and expects Carvana to return to its trajectory of improving share gains.
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