Shares of Carvana Co. (CVNA) rose 1.3% in early Tuesday trading after Wedbush upgraded the stock to "Outperform," citing expectations that the company's 2026 sales will surpass competitor CarMax (KMX). The brokerage also raised its price target on the stock.
Wedbush analysts highlighted Carvana's growth momentum and execution capabilities as key drivers behind the rating upgrade and target price increase.
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