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$CVNA | 𝐂𝐚𝐫𝐯𝐚𝐧𝐚 (CVNA): Oppenheimer upgrades to 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, sets 𝐏𝐓 𝐭𝐨 $450.00 (from Perform) Analyst sees repositioned model scaling fast, with strong cash generation and long-term upside as used car market tailwinds grow. https://t.co/nUquDRA0GH
$CVNA +2.95% [Oppenheimer upgraded Carvana to Outperform with a $450 price target, seeing it as a "unique disruptor" in the used car market. The company is generating cash and capitalizing on demand trends.]
$CVNA beginning to roll-over after making marginal new high on fading momentum in early July 📉 https://t.co/FQsCrZYCBs
Oppenheimer & Co. upgraded Carvana Co. to Outperform from Perform and set a 12-to-18-month price target of $450, citing stronger cash generation and a business model it views as a digitally driven disruptor in the used-car market. The brokerage said Carvana is capitalizing on favorable demand trends and sees the company’s repositioned operating model scaling quickly. Carvana shares rose roughly 3% in early New York trading Friday following the call.
