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Breaking: Carvana Boosts Outlook; Bullish View On RAPT Therapeutics

  • August 09th, 2023
  • 491 views

Shares of Carvana Co. (NYSE: CVNA) surged over 5% in pre-market trading following its announcement of an enhanced Q3 2023 outlook. The improvement is attributed to significant advancements in key business drivers and strong early-quarter momentum.

Specifically, Carvana has raised its Q3 adjusted EBITDA view to exceed $75 million, marking a shift from positive adjusted EBITDA.

$CVNA was trading at $47.50 in pre-market, reflecting a substantial increase of $3.49 (+7.93%).

In other news, RAPT Therapeutics, Inc. (Nasdaq: RAPT), a clinical-stage immunology-based biopharmaceutical company, received positive attention from Stifel as the investment banking firm initiated coverage with a Buy rating and a price target of $40.

Closing at $22.58 on Tuesday, this suggests a potential upside of $17.42 or approximately 77.03% for $RAPT, according to Stifel's assessment.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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