Key Takeaways Carvana set profit and sales records in the first quarter and projected second-quarter retail unit growth and shares skyrocketed. The online used car retailer also posted an all-time high in gross profit per unit sold, and slashed expenses. Wedbush raised its price target on the stock to $120 from$80 each, pointing to the first quarter results and guidance. Shares of Carvana (CVNA) skyrocketed after the online used car retailer issued an upbeat outlook for the current quarter and had its best ...