![](https://investorshub.advfn.com/uicon/139227.png?cb=1605637229)
Tuesday, March 12, 2024 5:57:13 AM
On Tuesday, Carvana Co. (NYSE:CVNA) stock saw an adjustment in their market outlook as Jefferies shifted its perspective on the online used car retailer. The firm upgraded its rating from Underperform to Hold and significantly increased the price target for Carvana's stock to $85 from the previous $30.
The upgrade comes as Jefferies noted Carvana's recent expansion in Retail Gross Profit per Unit (GPU), which indicates that the company's operational adjustments might be leading to sustainable improvements in unit economics.
The analyst from Jefferies highlighted that Carvana's progress toward achieving positive cash flow has lessened downside risks, presenting a more balanced risk-reward scenario for investors.
https://uk.investing.com/news/stock-market-news/jefferies-upgrades-carvana-stock-to-hold-on-improved-unit-economics-93CH-3377114
Recent CVNA News
- Carvana Develops First Auction-IRC ‘Megasite’ in Kansas City • Business Wire • 08/19/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 11:06:44 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:32:46 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/13/2024 08:25:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 09:41:35 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/09/2024 08:10:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/08/2024 08:16:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:29:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:29:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:29:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:29:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:28:50 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/01/2024 08:30:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/01/2024 08:29:33 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/31/2024 08:20:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:11:15 PM
- Carvana Announces Industry-Leading Second Quarter 2024 Results • Business Wire • 07/31/2024 08:10:00 PM
- US Index Futures Up Ahead of Fed Decision; Oil Prices Surge Amid Middle East Tensions • IH Market News • 07/31/2024 10:01:30 AM
- Carvana to Present at Upcoming J.P. Morgan Automotive Conference • Business Wire • 07/29/2024 12:00:00 PM
- Carvana EV Trends Report Reveals Broadening Appeal and Accessibility of Used EVs • Business Wire • 07/23/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 11:05:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/16/2024 08:30:43 PM
- Carvana and Jimmie Johnson Fuel Automotive Education with Equipment and Vehicle Donation • Business Wire • 07/16/2024 03:00:00 PM
- Carvana Launches Streamlined Shopping and Checkout Experience for Used EV Buyers • Business Wire • 07/10/2024 10:00:00 AM
- Carvana to Report Second Quarter 2024 Results and Host Quarterly Conference Call on July 31 • Business Wire • 07/03/2024 12:00:00 PM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM