Needham's new target is based on a blended valuation approach, including a 35x multiple of its 2027 estimated adjusted EBITDA, which it says is in line with the company's near-term growth trajectory. JMP Securities also raised its target to $460 from$440, maintaining a Market Outperform rating, while BTIG lifted its target to $450 from$395, highlighting Carvana's strong margins and outperformance in retail gross profit per unit and operating expenses. Carvana (NYSE: CVNA) shares surged on Thursday, climbi ...