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Carvana Shares Surge 5% on Barclays Price Target Hike Ahead of Earnings

Carvana Shares Surge 5% on Barclays Price Target Hike Ahead of Earnings

Author:

Global Cryptocurrency

Published:

2026-01-23 10:18:03

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BTCCSquare news:

Carvana's stock climbed 5% to $478.45 after Barclays lifted its price target to $530, citing resilience in the used-vehicle market. The rally defied broader sector trends as investors await Q4 results on February 18.

Key metrics under scrutiny include unit sales volume and gross profit per vehicle, with January's uptick in used-car prices easing margin pressures. Market volatility persists amid shifting auto finance conditions and pending Fed policy moves.

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