Baird analyst Colin Sebastian raised the firm’s price target on Carvana to $65 from $60 and keeps a Neutral rating on the shares. The firm believes there is likely upside to consensus retail unit and GPU estimates for Q1 and Q2. Moreover, their tracking of search trends and job listings may signal the shift to phase 3 of the turnaround plan.
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- Carvana price target raised to $70 from $65 at JPMorgan
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