Carvana price target raised to $310 from $290 at Wells Fargo

Wells Fargo raised the firm’s price target on Carvana (CVNA) to $310 from $290 and keeps an Overweight rating on the shares. The firm notes shares were slightly higher after hours via broad-based Q1 upside, an above-Street Q2 retail unit guide, and a fresh set of long-term targets. Tariffs add near-term uncertainty, but share gains/fundamental improvement potential is intact, and Wells likes the setup from here.