Stephens analyst Jeff Lick raised the firm’s price target on Carvana (CVNA) to $375 from $300 and keeps an Overweight rating on the shares. The firm, which notes that Carvana announced Q2 results on July 31 last year, believes Q2 units sold came in better than Street estimates and now models units up 45%, versus up 35% previously forecast and the Street view of up roughly 38%, the analyst tells investors in a preview.
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