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Carvana shares jump 8% on strong unit growth and pricing momentum, Jefferies keeps Buy rating.

Market News
31 Mar 2026
Proactive Investors
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Bullish
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Carvana's shares rose nearly 8% after Jefferies highlighted stronger-than-expected retail unit growth and improving pricing trends in early 2026. Jefferies reported a 39% year-over-year increase in retail units for February and expects about 42% growth for the first quarter, signaling demand resilience despite macro challenges. Pricing improvements and a 32% rise in monthly active users support a bullish outlook, with Jefferies maintaining a Buy rating and a $485 price target, implying 67% upside. The firm remains cautious but optimistic, awaiting full quarterly data while expecting continued growth and margin expansion potential.

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