Citizens JMP Reiterates a Buy Rating on Carvana Co. (CVNA) With a $460 PT

Carvana Co. (NYSE:CVNA) is one of the best high growth NYSE stocks that are profitable. In a report released on August 25, Andrew Boone from Citizens JMP reiterated a Buy rating on Carvana Co. (NYSE:CVNA), with a price target of $460.00.

The firm does not consider the launch of Amazon Autos to be a threat to digital auto retailers like Carvana Co. (NYSE:CVNA).

It stated that Amazon is not a near-term threat to its automotive coverage, contending that Amazon is not supporting dealers with any training, “creating a disjointed experience for customers.”

Headquartered in Tempe, AZ, Carvana Co. (NYSE:CVNA) is an e-commerce platform and a holding company involved in the buying and selling of used cars.

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Disclosure: None. This article is originally published at Insider Monkey.