1154 ET - Carvana maintains its buy rating in the eyes of BofA Securities after revenue and free cash flow, among other metrics, performed well in 1Q. BofA analysts Michael McGovern and Justin Post note that the online used-car seller said it's seen limited negative impact from tariffs so far, though tariffs on auto parts could be a near-term risk for retail gross profit per unit. They also note that management outlined current capacity over 1 million annual units, indicating runway for growth, and a hint of TAM expansion by way of selling new cars through a recent franchise dealer acquisition. "With Carvana trading at 25x our 2026E Ebitda, we remain constructive on significant share gains in a low-penetration industry shifting online," say McGovern and Post. Shares rise 12% to $290.10. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 08, 2025 11:54 ET (15:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。