$Carvana Co.(CVNA)$ 这哥们又来了 JPMorgan analyst Rajat Gupta keeps an Overweight rating on Carvana with a $510 price target following yesterday's short-seller report from Gotham City Research. The crux of the report stems from an "incorrect representation" of service income earned by DriveTime across Carvana's loan monetization avenues, the analyst tells investors in a research note. JPMorgan says a "consistent theme" in the report is the mixing up of cumulative fair value metrics versus annual and static metrics, leading to a "significant misrepresentation of facts." JPMorgan is surprised by the magnitude of Carvana's selloff yesterday, "particularly in context of the fairly straightforward math around typical ABS deal economics."