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Carvana Sees More Analyst Optimism As BofA Sets $185 Price Target

NewsTech

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Use car retailer Carvana is under Wall Street focus as, after Evercore ISI's bullish note yesterday, Bank of America has also chimed in. Carvana, whose shares are up by 194% over the past 12 months has further room to grow, according to BofA, as the US economic climate starts to shift with Federal Reserve's interest rate cuts on the horizon. The bank believes that the normalization in the US used car market from lower rates and price stability will allow Carvana to capitalize well on its dominant role in the industry. Carvana Stock Up In Pre Market As BofA Reinstates […]

Read full article at https://wccftech.com/carvana-sees-more-analyst-optimism-as-bofa-sets-185-price-target/

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