Evercore ISI analyst Michael Montani is removing the firm’s positive tactical trading call or Carvana and taking the stock off of the firm’s “Tactical Outperform” list with the stock up 25% since the firm initiated the trade on June 6 and its tour of Carvana’s 80 acre prototype Inspection Repair Center in Rocklin, California “having played out as anticipated.” The firm maintains an In Line rating on Carvana shares.
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