Is Carvana the 'New Used Car King?' These Analysts Think So, and the Stock Is Rising.

Carvana shares have gained about 60% since the start of 2025. Angus Mordant / Bloomberg / Getty Images Close Key Takeaways Shares of auto retailer Carvana (CVNA) jumped Monday after Wedbush upgraded the stock, calling the company the "new used car king.†Wedbush raised its rating to "outperform†from "neutral,†and lifted the price target from $380 to $400. The stock was up 6% at around $328 in recent trading. Why This Is Significant Analysts say Carvana's momentum is accelerating fast enough to overtake riv ...