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D.A. Davidson Sticks to Its Hold Rating for Carvana Co (CVNA)

Tipranks - Tipranks - Wed Jun 10, 7:40AM CDT

D.A. Davidson analyst Michael Baker reiterated a Hold rating on Carvana Co today and set a price target of $67.00.

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According to TipRanks, Baker is a 4-star analyst with an average return of 5.6% and a 53.50% success rate. Baker covers the Consumer Cyclical sector, focusing on stocks such as Citi Trends, Dick’s Sporting Goods, and Destination XL.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carvana Co with a $94.26 average price target.

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Based on Carvana Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.43 billion and a net profit of $405 million. In comparison, last year the company earned a revenue of $4.23 billion and had a net profit of $216 million

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