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Carvana's June sales growth slows but Jefferies stays bullish with $95 target

Market News
23 Jun 2026
Proactive Investors
View Source
Bullish
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Jefferies analysts report that Carvana's retail unit growth slowed to below 30% in June, down from 38% in April and 33% in May, with an estimated 33% growth for Q2, slightly below Wall Street's 37% consensus. Despite this slowdown, Jefferies maintains a Buy rating and a $95 price target, citing confidence in Carvana's long-term prospects. The slower growth is seen as temporary, linked to expansion and infrastructure challenges, while inventory growth moderates and pricing remains strong. Lower financing rates also help keep vehicles affordable for customers.

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