This is getting too easy.
On June 13, we noted, “Shares of Carvana (CVNA) are accelerating — and could see higher highs. All after the company said it now expects to achieve adjusted EBITDA above $50 million in the second quarter of 2023.
DA Davidson, for example, recently raised its price target to $18 from $7. Citi raised its target to $25 from $11. And Wells Fargo raised its target to $15 from $10. For us, from current prices, we’d like to see CVNA again test $27 a share.”
At the time, CVNA traded at $23.51. Today, it’s up to $25.80 and still running.