Core Insights - The company has achieved a remarkable 10,000% recovery from its December 2022 low, fully erasing a historic 99% drawdown [1][5] Financial Performance - The online used-car retailer reported second-quarter revenue of $4.84 billion, reflecting a 42% year-over-year increase, with earnings per share surpassing Wall Street expectations [2] - Revenue and EBITDA exceeded consensus estimates by 6% and 9%, respectively, indicating improved operational efficiency and market reach [2] Analyst Outlook - Following the positive results, multiple research firms have raised their price targets for the company, with Needham & Company increasing its target to $500 from $340 while maintaining a Buy rating [3][4] - JMP Securities raised its target to $460 from $440, and BTIG lifted its target to $450 from $395, emphasizing strong margins and outperformance in retail gross profit per unit [4] Recovery Narrative - The company's turnaround story is underscored by aggressive cost-cutting, improved profitability, and growing investor confidence in its long-term growth strategy [5][6] - Analysts are now setting targets as high as $500, positioning the company as a compelling recovery story in the large-cap growth sector [6]