Carvana Upgraded to Outperform at Wedbush
<p>Analysts at Wedbush upgraded <a href='https://financialmodelingprep.com/financial-summary/CVNA'>Carvana Co. (NYSE:CVNA) </a>to outperform from neutral, raising their price target to $360 from $350.</p>
<p>The brokerage’s rating change was driven by the strong upside to near-term profitability from Retail and Finance gross profit per unit (GPU), combined with the recent stock price underperformance. The analysts reiterated their bullish view on near-term Retail GPU and Finance GPU from favorable market conditions and strong execution, noting that the company has built a very solid financing business, with profitability rising to record levels in Q2/21.</p>

NYSE:CVNA