Wedbush Selects Carvana (CVNA) as Top 2026 Internet Pick Amid Shifting AI and Autonomous Disruption

Group 1 - Carvana Co. is recognized as one of the best performing S&P 500 stocks in 2025, with analysts raising price targets significantly [1][3][4] - Wedbush raised its price target on Carvana to $500 from $400, maintaining an Outperform rating, while Citi increased its target to $550 from $445, reflecting strong retail sales growth [1][3] - Carvana's year-over-year retail sales rose to 37% in November, up from 32% in October, indicating increasing consumer demand [3] Group 2 - Analysts caution that the market may become more fragmented in 2026, with performance varying based on factors such as AV disruption and AI monetization strategies [1] - Jefferies also raised its price target for Carvana to $550 from $475, advising investors to be selective with Internet stocks due to potential margin growth challenges [4] - Argus initiated coverage of Carvana with a Buy rating and a price target of $500, aligning with the positive outlook from other analysts [2]