|Bid||289.87 x 1200|
|Ask||291.94 x 1200|
|Day's Range||289.09 - 301.42|
|52 Week Range||22.16 - 314.57|
|Beta (5Y Monthly)||2.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (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.