BUZZ-Carvana rises after Wedbush upgrades to 'outperform'
Reuters
Nov 24
BUZZ-<a href="https://laohu8.com/S/CVNA">Carvana</a> rises after Wedbush upgrades to 'outperform'
** Shares of online used-car retailer Carvana CVNA.N up 3.3% at $320 premarket
** Wedbush upgrades stock to “outperform” from “neutral”; raises PT to $400 from $380
** Brokerage says recent pullback in shares is overdone; sees compelling risk/reward as CVNA trades near low end of historical multiple range
** Expects Carvana to achieve leading market position by unit volume in fourth quarter of FY26, six months earlier than prior forecast
** Brokerage expects co to achieve 3 mln in annual retail unit sales by 2033
** CVNA stock up 52.38% YTD, as of last close
(Reporting by Tharuniyaa Lakshmi in Bengaluru)
((tharuniyaa@thomsonreuters.com))
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