Carvana stock slips, but Morgan Stanley lifts bull case to $750 — what traders watch next
Morgan Stanley raised its bull-case scenario for Carvana to $750, citing expansion into franchised dealerships, but kept a $450 price target. Carvana shares fell 1.8% to $442.58 as traders awaited Friday’s U.S. jobs report and consumer sentiment data. Earnings timing remains unconfirmed. Used-car pricing and interest rate outlooks continue to drive volatility.