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Stephens raises Carvana's PT on expectation for strong Q2 growth

ReutersJul 7, 2025 1:25 PM
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Stephens raises price target on auto vehicles, parts & service retailers firm Carvana CVNA.N to $375 from $300, reiterates rating at 'overweight'

The new PT represents a 7.7% upside to the stock's last close

Says company is expected to report strong second-quarter growth, driven by higher vehicle sales, fresher inventory and strategic pricing changes—signaling a shift toward new approaches aimed at boosting performance

Raised 2025 EPS forecast to $5.45 from $5.18

Shares are marginally down at $347 in premarket trade

12 of 21 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; their median PT is $310- data compiled by LSEG

As of last close, stock had risen 71.3% YTD

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