BUZZ - Carvana shares rise as Q3 revenue surpasses expectations
路透社2026/10/29 15:26Latest Updates
October 29 - ** Online used car retailer Carvana (CVNA.N) shares rose 15%, closing at $67.9
** The company was the top gainer in the S&P 500 Index .SPX
** The company's third quarter (link) revenue reached $8.04 billion, surpassing analysts' expectations of $7.70 billion
** The company stated that a doubling of its customer base and improved unit economics drove the growth in performance
** Two brokers, including Deutsche Bank and UBS , raised the target price for CVNA
** BTIG said this performance “supports the bull case: CVNA can deliver value to consumers to expand market share while maintaining industry-leading unit economics”
** Of 26 analysts, 16 rated it as 'Buy' or higher, 9 as 'Hold', and 1 as 'Sell'; the median target price is $83 — data compiled by LSEG
** Including intraday fluctuations, the stock has fallen by 19.6% so far this year
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