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<blockquote data-quote="Weather Man" data-source="post: 16541976" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Carvana gains after attracting a new bull even with shares at all-time high</strong></span></p><p>Dec. 15, 2020 8:46 AM ET<a href="https://seekingalpha.com/symbol/CVNA?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ACVNA" target="_blank">Carvana Co. (CVNA)</a><a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor<a href="https://seekingalpha.com/news/3644412-carvana-gains-after-attracting-new-bull-even-shares-all-time-high#comments" target="_blank">3 Comments</a></p><ul> <li data-xf-list-type="ul">Truist initiates Carvana (NYSE:<a href="https://seekingalpha.com/symbol/CVNA?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">CVNA</a>) with a Buy rating on its view that the online auto upstart is set to disrupt the industry even more.</li> <li data-xf-list-type="ul">"As a leading ecommerce platform for buying and selling used cars, Carvana is at forefront of the digital disruption in this ~$840B category. We expect expanding vehicle selection, increasing coverage, faster delivery and rising brand awareness to drive a robust 32% revenue CAGR and ~9% market share over the next 10 yrs."</li> <li data-xf-list-type="ul">Shares of Carvana are up 1.61% premarket to $255.00 after carving out a new 52-week higher yesterday of $262.37. Truist assigns a price target of $314 to CVNA vs. the <a href="https://seekingalpha.com/symbol/CVNA/ratings/sell-side-ratings?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">average Wall Street PT</a> of $239.67.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16541976, member: 137766"] [size=6][b]Carvana gains after attracting a new bull even with shares at all-time high[/b][/size] Dec. 15, 2020 8:46 AM ET[URL='https://seekingalpha.com/symbol/CVNA?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ACVNA']Carvana Co. (CVNA)[/URL][URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor[URL='https://seekingalpha.com/news/3644412-carvana-gains-after-attracting-new-bull-even-shares-all-time-high#comments']3 Comments[/URL] [LIST] [*]Truist initiates Carvana (NYSE:[URL='https://seekingalpha.com/symbol/CVNA?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']CVNA[/URL]) with a Buy rating on its view that the online auto upstart is set to disrupt the industry even more. [*]"As a leading ecommerce platform for buying and selling used cars, Carvana is at forefront of the digital disruption in this ~$840B category. We expect expanding vehicle selection, increasing coverage, faster delivery and rising brand awareness to drive a robust 32% revenue CAGR and ~9% market share over the next 10 yrs." [*]Shares of Carvana are up 1.61% premarket to $255.00 after carving out a new 52-week higher yesterday of $262.37. Truist assigns a price target of $314 to CVNA vs. the [URL='https://seekingalpha.com/symbol/CVNA/ratings/sell-side-ratings?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']average Wall Street PT[/URL] of $239.67. [/LIST] [/QUOTE]
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