Carvana Set To Become Top US Independent Used-Car Dealer: Analyst

Bank of America Securities (BofA) struck a constructive tone on Carvana Co. (NYSE:CVNA) , highlighting improving fundamentals and growing confidence in the company's operational trajectory.BofA Securities analyst Michael McGovern maintained a Buy rating on Carvana with a $400 price forecast, implying about 33.5% upside.Operational Momentum And Market Share GainsFollowing a virtual investor meeting, McGovern highlighted improving fundamentals, particularly in gross profit per unit (GPU) and cost leverage. GP ...