Carvana Stock Soars As Wedbush Says 'Take Advantage' Of Pullback

Core Viewpoint - Carvana (CVNA) has received a bullish upgrade from Wedbush Securities, moving from neutral to outperform, with a new price target raised from 380 to 400, indicating a potential 25% upside from its opening price of 318.54 on Monday [1]. Group 1: Company Performance - Carvana's stock has experienced volatility over the past month following its third-quarter earnings report [1]. - The company's Relative Strength Rating has improved, moving into the 80-plus level, indicating strong stock performance relative to the market [2]. Group 2: Market Context - The upgrade from Wedbush reflects a positive sentiment in the market, contributing to a rise in futures following the announcement [1]. - Carvana is highlighted as a leading prospect in the stock market, being featured in IBD's best stock lists alongside other notable companies [4].