Carvana (US:CVNA) Yahoo Finance·2025-12-05 13:56Core Viewpoint - Wedbush Securities has upgraded Carvana (CVNA) stock from "Neutral" to "Outperform," raising the 12-month price target to $400, citing recent selloff as an opportunity for investors [1] Group 1: Company Performance - Carvana has delivered several quarters of strong growth, with expectations to surpass CarMax in used-car unit volume sooner than anticipated [2] - The company aims to reach 3 million annual retail sales by 2033 and expand adjusted EBITDA margins to 12% by 2027 [2] - Recent quarter saw record revenue and a 44% surge in vehicles sold, although margin pressure led to a temporary decline in shares [3] Group 2: Market Position and Innovations - Carvana operates as a fully online used-car retailer, allowing customers to browse, finance, purchase, trade in, and arrange delivery or pickup through its website or app [4] - The company has transformed the used-car market with innovations like car "vending machines," 360° virtual vehicle tours, and an integrated logistics, inspection, and reconditioning network [5] - Carvana's market capitalization currently stands at $86.7 billion [5] Group 3: Stock Performance and Market Trends - CVNA stock reached a 52-week high of $413.33 in late July but has since pulled back, currently sitting 4% below that peak and above the 52-week low of $148.25 [5] - The stock has shown a strong comeback throughout the year, reflecting renewed optimism in Carvana's business model despite volatility in the used-car and auto-credit markets [6]