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Carvana Crowned ’New Used Car King’ as Analysts Bullish on Stock Surge

Carvana Crowned ’New Used Car King’ as Analysts Bullish on Stock Surge

Author:

Global Cryptocurrency

Published:

2025-11-24 18:32:01

20

3

BTCCSquare news:

Wedbush upgraded Carvana to outperform, dubbing it the 'new used car king' after noting accelerating momentum against rival CarMax. The $400 price target implies 22% upside from current levels, with shares already up 6% post-announcement.

Analysts project Carvana will overtake CarMax in unit volume by Q4 2026—sooner than expected—citing structural advantages in digital retail. The upgrade comes despite CarMax's recent struggles, which had temporarily dragged down Carvana's valuation.

'Investors should capitalize on this weakness,' Wedbush advised, characterizing the pullback from July's $400 peak as overdone. The firm highlights Carvana's scalable platform and market share gains as key differentiators in the evolving auto retail landscape.

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