Carvana Stock Rises After Needham Upgrade, New EV Shopping Features

Key Takeaways Needham issued a price target of $160, a 27% premium over Tuesday's closing price. Carvana shares, which traded as low as $25.09 last November, were up 5.7% to $132.79 as of 12:15 p.m. ET Wednesday. New Features for Buying EVs "By integrating the federal tax credit directly into our ecommerce experience, we are driving convenience and savings for the increasing portion of our customers interested in buying EVs," Chief Product Officer Dan Gill said. tips@investopedia.com Carvana (CVNA) shares s ...