Carvana up after Piper Sandler raises PT

ReutersApr 22, 2025 5:50 PM

Online used-car retailer Carvana's CVNA.N shares rise 9.2% to $213.8

Piper Sandler raises PT on CVNA to $230 from $225

Says as long as automotive credit keeps flowing, CVNA will continue growing unit sales, even if higher prices prompt lower market-wide transactions

Used vehicle sales rose by double digits year-over-year in March, presumably due to trade-ins and a flood of pre-tariff car buying activity; think the frenzy has probably continued in April - brokerage

Thirteen of 23 brokerages rate the stock "buy" or higher, nine "hold" and one "sell"; their median PT is $260, according to data compiled by LSEG

Up to Monday's close, stock down 3.7% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Coca-Cola Earnings Preview: Moat Remains Robust, Defensive Attributes Regain Investor Favor With AI Support

TradingKey - Coca-Cola (KO.US), the world’s largest beverage manufacturer, will release its first-quarter earnings report for fiscal year 2026 before the market opens on April 28. This marks the first quarterly results since new CEO Henrique Braun took office.

Amazon 2026 Q1 Earnings Preview: AWS and Advertising Dual Engines Power Ahead, Can They Allay Market Doubts?

TradingKey - U.S. e-commerce giant Amazon (AMZN) is scheduled to release its first-quarter 2026 financial results on April 29. According to the latest market consensus estimates from financial data platform FactSet, the company’s Q1 revenue is expected to reach $177.2 billion, up 13% year-over-year, while adjusted earnings per share (EPS) are projected at $1.63.

Is Meta Platforms Stock a Smart Buy Ahead of Q1 2026 Earnings? Unpacking AI Growth and Investment Potential

TradingKey - Understanding the future of Meta Platforms (META) means putting aside how people think of them today. Instead of defining them as "a social media site just trying AI," we should see them as "an AI advertising platform that so happens to own most of the world's popular social media appli

Nike Cuts 1,400 Jobs: Not Merely Downsizing, but a Shift Toward More Thorough Efficiency Repair

TradingKey - On April 23, Nike initiated another round of layoffs, its second this year. While seemingly a routine cost-reduction and efficiency-enhancement measure, against the backdrop of sustained pressure on its share price and a sluggish recovery in its core business, the move appears more like a proactive adjustment of the current organizational structure and growth model by management. For the market, the layoffs themselves are not the primary focus; the key to a valuation recovery remains whether substantial improvements in inventory, profit margins, and demand can materialize soon.

Google Bets $40B on Anthropic: Is Google Cloud the New Growth Engine as Meta Challenges Ad Dominance?

TradingKey - According to Bloomberg, Google will invest $10 billion in AI startup Anthropic, with a potential additional $30 billion in the future to strengthen their partnership. Under the agreement, Google Cloud will provide Anthropic with 5 gigawatts (GW) of computing power over the next five yea

Featured Tools