Carvana Co. (NYSE:CVNA) shares added more than 7% after the used car sales platform was upgraded to an ‘Outperform' rating by Wedbush analysts. The analysts also raised their 12-month price target to $400 from $380, arguing that the recent pullback in the stock presents a buying opportunity.
Shares of auto retailer Carvana (CVNA) jumped Monday after Wedbush upgraded the stock, calling the company the “new used car king.”
Analysts at Wedbush Securities upgrade Carvana stock to Outperform from Neutral in a research note Monday.
Amazon Autos is fresh from inking a deal with Ford Motor Co. to sell used Ford vehicles, but you wouldn't know it by looking at the stock of a key competitor: Carvana Co.
Carvana Co (NYSE:CVNA) is trading 2.3% higher at $324.67 this afternoon, attempting to extend a rebound off the $280 level, a site that captured its June pullback as well.
2025 has not been kind to consumer discretionary stocks. Among the 11 S&P 500 sectors, consumer discretionary has posted the fourth-worst performance year to date (YTD).
Carvana Co. ( CVNA ) Wells Fargo's 9th Annual TMT Summit November 18, 2025 3:00 PM EST Company Participants Ernest Garcia - Co-Founder, President, CEO & Chairman Conference Call Participants David Lantz - Wells Fargo Securities, LLC, Research Division Presentation David Lantz Wells Fargo Securities, LLC, Research Division Hi, everyone. Thanks for joining.
Carvana (NYSE:CVNA ) released its third-quarter earnings report last week, revealing record revenue of $5.6 billion, up 55% year-over-year, driven by 155,941 retail units sold, a 44% increase.
Carvana (CVNA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
CVNA's Q3 earnings miss estimates despite a 55% revenue jump, fueled by strong retail and wholesale vehicle sales.
Carvana has executed a remarkable turnaround, shifting from bankruptcy fears to record revenues and improved profitability. Q3 results showcased a 55% revenue increase, with solid operating margin expansion and a better balance sheet through debt reduction. With market share at just 1.5% and more expansion potential, the pullback presents a buying opportunity despite a high valuation.
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