Reported 1 day ago
JP Morgan analyst Rajat Gupta has reaffirmed a Buy rating for Carvana (CVNA), maintaining a price target of $325 due to the company's strong financial performance and strategic investments, including the acquisition of ADESA. Carvana's stock has risen over 45% year-to-date, with expectations for revenue growth of 20-30% and doubling adjusted EPS by 2026. Despite potential market risks, Gupta believes Carvana's digital model and operational efficiencies position it well for sustained growth.
Source: YAHOO