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Bank of America (Merrill Lynch) announced Carvana (NYSE:CVNA), bumping up its stock price target to $25.00 today

Just yesterday Carvana (NYSE:CVNA) traded -0.63% lower at $10.65. Carvana’s 50-day moving average is $15.66 and its 200-day moving average is $15.93. The last closing price is down -21.08% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 48,294 shares of Carvana exchanged hands, down from an avg. volume of 651,834

In a report released on 05/23/2017 Bank of America (Merrill Lynch) increased the stock price target of Carvana (NYSE:CVNA) to $25.00 reporting a possible upside of 1.35%.

Recent Performance Chart

Carvana (NYSE:CVNA)

Carvana has 52 week low of $8.14 and a 52 week high of $23.70 and has a market capitalization of $0.

Brief Synopsis On Carvana (NYSE:CVNA)

Carvana Co. is an e-commerce platform for buying used cars. On the Company's platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices. The Company's transaction technologies and online platform transform a traditionally time consuming process by allowing customers to secure financing, complete a purchase and schedule delivery online.

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