Carvana (CVNA) Gains Buy Rating from UBS Alongside S&P 500 Inclusion

Carvana Co (NYSE:CVNA) ranks among the best high growth stocks to buy now. On December 1, UBS began coverage of Carvana Co (NYSE:CVNA) with a Buy rating and a $450 price target. According to the investment bank, Carvana’s “differentiated, best-in-class online platform and customer experience” puts the company in an ideal position to increase its market share in the competitive used car industry. According to UBS, Carvana’s share of the used car sales industry currently stands at just about 1.5%, though i ...