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Benzinga
Benzinga
Business
Triveni Kothapalli

YOU WONT BELIEVE: Are carvana s subprime loans turning the corner | Mind Blowing Facts

Carvana

Carvana Co.’s (NYSE:CVNA) latest asset-backed securities (ABS) data for September shows signs of stabilizing credit performance, with slower net loss growth and declining delinquencies, offering cautious reassurance to investors amid a dynamic subprime auto market.

BTIG analysts, led by Marvin Fong, maintained a Buy rating on Carvana, with a $450 price target based on 28x its fiscal 2027 adjusted EBITDA estimate.

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