Previous Close | 283.50 |
Open | 278.00 |
Bid | 289.87 x 1200 |
Ask | 291.94 x 1200 |
Day's Range | 289.09 - 301.42 |
52 Week Range | 22.16 - 314.57 |
Volume | 272,939 |
Avg. Volume | 1,504,881 |
Market Cap | 51.118B |
Beta (5Y Monthly) | 2.50 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.63 |
Earnings Date | May 04, 2021 - May 10, 2021 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 277.59 |
Adam Jonas at Morgan Stanley on Friday upgraded his rating on Carvana Co. stock to the equivalent of buy and with a price target of $420, from $225. The price target represents a 60% upside from recent share prices. Describing Carvana as "just a 'used car dealer' is like describing (Amazon.com Inc. ) nearly two decades ago as just an online book seller," Jonas said. The company, which became public in 2017, "has internally developed a range of capabilities to be successful in the used-car business," the analyst said. Carvana late Thursday reported mixed fourth-quarter results, posting a wider-than-expected loss but sales that at $1.8 billion beat consensus of sales around $1.6 billion.
Tempe, Arizona-based Carvana’s shares jumped on Friday after several equity analysts upgraded their stock forecasts on the leading used-car retailer.
Morgan Stanley's Adam Jonas upgraded the stock to Overweight and lifted his target for the price to the highest on Wall Street.