Carvana is an innovative online platform that revolutionizes the process of buying and selling used vehicles. The company allows customers to browse a vast selection of cars through its website, providing detailed descriptions and visual assets to facilitate informed purchasing decisions. Carvana also offers unique features like home delivery and the option to sell or trade vehicles seamlessly, eliminating the traditional hassles associated with dealerships. With a focus on enhancing the customer experience, Carvana leverages technology to streamline every step of the automotive retail process, aiming to make car buying more convenient and accessible for consumers. Read More
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer internet industry, including Remitly (NASDAQ:RELY) and its peers.
Shares of online used car dealer Carvana (NYSE: CVNA)
fell 19.8% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how consumer internet stocks fared in Q4, starting with Coinbase (NASDAQ:COIN).
Carvana shares are down in premarket trading as the company announces plans to integrate an auction and reconditioning 'Megasite' in New Jersey to boost capacity and efficiency.
Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite’ integration in central New Jersey. This effort will bring Carvana’s Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA New Jersey wholesale auction location while maintaining digital and in-lane auction operations on site. The integrated facility will expand Carvana’s overall production capacity and enhance its offerings for both retail and wholesale customers in the area.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the consumer internet industry, including Airbnb (NASDAQ:ABNB) and its peers.
Since March 2020, the S&P 500 has delivered a total return of 113%. But one standout stock has more than doubled the market - over the past five years, Carvana has surged 259% to $197.85 per share. Its momentum hasn’t stopped as it’s also gained 13.6% in the last six months thanks to its solid quarterly results, beating the S&P by 17.8%.
What has Wall Street been buzzing about this week? Here is a short look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of March 24-28, 2025.
Carvana's strategies are gaining traction and disrupting the used car market, while CarMax's established model helps maintain its competitive position.
Morgan Stanley analyst Adam Jonas upgraded Carvana from Equal-Weight to Overweight and raised the price target from $260 to $280 following a sharp pullback in shares.
Shares of online used car dealer Carvana (NYSE: CVNA)
jumped 6.3% in the pre-market session after Morgan Stanley analysts upgraded the stock's rating from Neutral to Buy. The analysts noted that the stock's recent pullback represented a "unique opportunity to build a position."
