** Shares in online used-car retailer Carvana Co CVNA.N up 0.9% after earlier hitting highest level since Nov 2021 ahead of Q4 report due after market close Wed
** CVNA seen reporting adj EPS of $0.29 vs $1.00 loss/shr in year-ago quarter on rev of $3.31 bln, above $2.42 bln year-ago but below Q3's $3.655 bln, according to latest data from LSEG
** In last 8 quarters CVNA's bottom line beat the Street 7 times on adjusted basis while its rev beat 4 times
** CVNA shares eyeing seventh straight week of gains after five weeks of losses. This, as latest consumer inflation report showed used-car price increases, with the Wall Street Journal describing them as stubbornly high
** Some analysts became more bullish on CVNA in Jan after a sharp Dec pullback. Wells Fargo last week raised its CVNA PT and JPMorgan, Jefferies raised their PTs in late Jan, to name a few
** The stock had also benefited along with a batch of Hindenburg Research's short targets after the company founder announced he would disband the firm
** CVNA last up ~41% YTD after rising ~284% in 2024 compared with YTD gains of ~6% for Dow Jones U.S. consumer services index .DJUSCY and 2024 gains of 27.5%
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com; +13322191897;))
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