Analyst Says Buy the Dip on Carvana Stock

Shares of Carvana Co (NYSE:CVNA) are surging today, up 4.9% at $198.14 at last glance, after an upgrade from RBC to "outperform" from "sector perform," with a price-target hike to $280. The firm cited the stock's recent pullback as a buying opportunity, and noted the potential for retail sales growth. CVNA is down roughly 20% in the last month after falling from its Nov. 25 four-year high of $268.34. Regardless, the stock still carries a strong 314.9% year-over-year gain, and just bounced off support at the ...