Core Viewpoint - Carvana's stock has experienced significant volatility, trading at over $350 in December 2022 and peaking at over $400 in July 2023, but has since pulled back 25% from that high while still being up over 50% year-to-date in 2025 [1] Company Performance - Carvana has been upgraded by Wed Bush to an "outperform" rating with a price target of $400, reflecting improved unit economics and profitability, generating approximately $629 million on $18 billion in sales last year [3][4] - The company has seen a significant increase in sales and profitability, especially as competitors like Vroom and Shift have gone bankrupt, positioning Carvana favorably in the used car retail market [5] Stock Analysis - The stock has pulled back about 23% since early October, but analysts see a compelling risk-reward scenario with limited downside risk, as it appears to be bouncing off its 200-day moving average [6][7] - Current earnings estimates for Carvana are around $547 million for this year, with projections of $7.35 per share for 2026, placing the stock at approximately 42 times next year's earnings [7] Market Context - The overall market for used car retailers is positive, with Carvana's stock rising nearly 7% following the upgrade, alongside gains in competitors like Autoation and CarMax [2] - The market sentiment is influenced by expectations of a potential rate cut by the Federal Reserve, which could further benefit stocks like Carvana [11][14]

Core Points - Andina Copper Corporation has commenced trading on the TSX Venture Exchange under the symbol "ANDC" after being delisted from the Canadian Securities Exchange [1] - The listing is seen as a significant milestone, reflecting the recognition of the company's high-quality copper and copper-gold discoveries [1] - Ongoing exploration activities are taking place at Cobrasco in Colombia and Piuquenes in San Juan, Argentina, with plans for project-wide geophysics and further drilling [1] - A follow-up work program is also underway to define drill targets at the Mantau copper-gold project in Antofagasta, Chile [1] Company Overview - Andina Copper Corporation is focused on copper exploration in South America and is listed on multiple exchanges including TSX Venture Exchange, Frankfurt, and OTC [2] - The company holds two significant discoveries in the Andean porphyry belt in Argentina and Colombia, as well as an undrilled copper-gold target in the Coastal Cordillera of Chile [3]

Core Viewpoint - Analysts at Wedbush Securities have upgraded Carvana stock to Outperform from Neutral, indicating a positive outlook for the company's performance in the market [1] Group 1 - The upgrade reflects analysts' confidence in Carvana's potential for growth and improved financial performance [1]

Alphabet (Google) - Alphabet has reached an all-time high, with shares rallying more than 4%, now valued at over $3.6 trillion, surpassing Microsoft to become the third most valuable company, trailing only Nvidia and Apple [2][3] - The company has secured a multi-million dollar contract with NATO for secure sovereign cloud capabilities, enhancing its cloud and AI data services [4] - Analysts are noting a positive momentum for Alphabet due to its improved Gemini AI model, positioning it as a front-runner in the AI arms race [5] Tesla - Tesla shares are also up more than 4%, with Elon Musk highlighting the company's advanced AI chip program, claiming they have designed and deployed several million AI chips in their vehicles and data centers [7][10] - The company is working on a rapid development cycle for AI chips, aiming for a new chip every 12 months, which is a significant acceleration compared to traditional automotive cycles [9] - Musk asserts that Tesla expects to produce AI chips at higher volumes than all other AI chips combined globally [10] Carvana - Carvana's shares are rising after Wedbush upgraded the company to outperform from neutral, raising the price target from $380 to $400 [11][12] - The recent pullback in Carvana's stock is viewed as overdone and not indicative of fundamental issues, but rather a reaction to CarMax's underwhelming results [12][13] - The analyst believes there is a mispricing opportunity in Carvana's stock, suggesting potential for recovery [12][14]

Core Insights - The article compiles significant research calls from Wall Street, highlighting upgrades and downgrades of various companies that investors should be aware of [1] Upgrades - Wells Fargo upgraded Merck (MRK) to Overweight from Equal Weight with a price target of $125, increased from $90, citing business development and pipeline progress as key factors for revenue growth in the early 2030s [2] - Wolfe Research upgraded Morgan Stanley (MS) to Outperform from Peer Perform with a price target of $198, anticipating accelerated revenue growth from investment banking share gains and organic growth in wealth management [3] - HSBC upgraded Flutter Entertainment (FLUT) to Buy from Hold with a price target of $228, reduced from $265, viewing the recent share selloff as a buying opportunity [3] - BofA upgraded Booking Holdings (BKNG) to Buy from Neutral with an unchanged price target of $6,000, believing that concerns regarding disintermediation risks from Google and OpenAI are overstated [4] - Wedbush upgraded Carvana (CVNA) to Outperform from Neutral with a price target of $400, increased from $380, suggesting that the recent share pullback is overdone [5] Downgrades - UBS downgraded JFrog (FROG) to Neutral from Buy with a price target of $65, up from $48, indicating that while AI-related benefits are significant, the larger revenue impact is likely 12-18 months away [6] - Jefferies downgraded Exact Sciences (EXAS) to Hold from Buy with a price target of $105, up from $90, due to the pending acquisition by Abbott, which is seen as a win for Exact Sciences [6] - Evercore ISI downgraded QuantumScape (QS) to In Line from Outperform with a price target of $12, up from $8, citing valuation concerns as shares have risen 200% year-to-date [6] - UBS downgraded Jazz Pharmaceuticals (JAZZ) to Neutral from Buy with a price target of $188, up from $163, stating that the stock appears fairly valued after a strong Phase 3 GEA update and a 25% stock increase [6] - TD Cowen downgraded PureCycle Technologies (PCT) to Hold from Buy with a price target of $9, down from $16, due to delays in orders and growth plans, prompting a more cautious stance [6]

Whales with a lot of money to spend have taken a noticeably bearish stance on Carvana.Looking at options history for Carvana (NYSE:CVNA) we detected 44 trades.If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 38% with bearish.From the overall spotted trades, 28 are puts, for a total amount of $1,596,875 and 16, calls, for a total amount of $781,486.Projected Price TargetsBased on the trading activity, it appears that the ...

Market Overview - Nvidia's strong earnings report has eased concerns about the AI growth story, positively impacting related stocks [3][4] - The overall market remains in a risk-off trend, struggling for gains despite some outliers like Google [3] Oracle - Oracle's stock has pulled back 18.5% in the last month despite a robust earnings report, indicating market skepticism about future revenue [4][5] - The critical price levels for Oracle are 210 (support) and 230 (resistance), with potential upside targets at 260 and 275 [7][9][12] - Historical trends suggest a possible Santa Claus rally, which could benefit Oracle if it maintains above the 200-day moving average [8][9] Carvana - Carvana's CEO announced a growth plan with a predicted 40% growth rate, leading to a slight boost in stock performance [17][18] - The stock is currently at a critical support level around 325, with potential upside targets of 347 to 350 [19][20] - Concerns remain regarding high default rates on auto loans, but Carvana has shown resilience compared to other growth stocks [18][19] Western Digital - Western Digital received a price target upgrade from Bank of America, suggesting a potential upside of 25-26% [30] - The critical price level for Western Digital is 150, which needs to be maintained for a rebound towards 170 [32][34] - The stock has shown strong performance year-to-date, up over 240%, but faces potential downside risks if it breaks below 150 [39]

This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. Used-car chain Carvana expects to retail more than 500,000 used cars and trucks in 2025, following record unit sales and revenues in the third quarter, according to Phoenix-based Carvana’s quarterly report. “Q3 was another large step on the path to achieving our current goal of selling 3 million cars, at a 13.5% adjusted EBITDA margin, in the next five to ten years. We’r ...

Core Viewpoint - Carvana Co (NYSE:CVNA) is experiencing a rebound, trading 2.3% higher at $324.67, following a significant pullback to the $280 level, indicating potential bullish momentum in the stock [1] Group 1: Stock Performance - The stock has shown resilience, bouncing back from the $280 level, which was a significant point during its June pullback [1] - Following a previous signal, the stock reached a high of $372 just three days later, suggesting strong upward momentum [1] - Historical data indicates that similar signals have led to an 86% success rate in the stock being higher one month later, with an average gain of 6.7% [3] Group 2: Technical Indicators - The stock is currently within 0.75 of the 200-day moving average's 20-day average true range (ATR), having remained above this level 80% of the time in the last 10 trading sessions and two months [2] - A move of similar magnitude from the current price could position the shares near $346.42 [3] Group 3: Options Market Sentiment - There has been an increase in put options, indicating a prevailing pessimistic sentiment, which could provide room for bullish movements if this sentiment reverses [5] - The 10-day put/call volume ratio stands at 1.94, ranking higher than 90% of readings from the past year, suggesting a notable level of bearish sentiment [5] - Options are currently priced low, with a Schaeffer's Volatility Index (SVI) of 67%, indicating that near-term option traders are expecting relatively low volatility [6]

Core Insights - Consumer discretionary stocks have struggled in 2025, with the sector ranking fourth worst among the 11 S&P 500 sectors YTD, showing a loss of 2.43% [3] - Carvana, an online-only used vehicle retailer, has performed exceptionally well, with its shares up nearly 62% YTD, despite the overall sector downturn [4] Financial Performance - Carvana's stock reached an all-time high (ATH) of $395.41 on October 1, but has since corrected by over 18% following mixed Q3 earnings results released on October 29 [5][7] - The company reported earnings per share (EPS) of $1.03, missing expectations by 26 cents, while revenue increased by 54.5% year-over-year to $5.65 billion, surpassing expectations of $5.04 billion [6] - Despite the Q3 miss, Carvana's earnings are projected to grow by 78.25% next year, increasing from $2.85 to $5.08 per share [6] Market Sentiment and Risks - Analysts have an average 12-month price target for Carvana that suggests a potential upside of over 28% [8] - Concerns have been raised regarding Carvana's lending practices, particularly its high 99% approval rate for loans, which includes borrowers with low credit scores and a minimum income requirement of just $10,000 per year [8] - The approval criteria are notably low, as the 2025 U.S. federal poverty level for a one-person household is $15,650, indicating that Carvana is approving loans to individuals earning 36% below this threshold [9]