Carvana

CVNA

Market cap $53B

Carvana (CVNA) reported earnings 30 days ago. What's next for the stock?

With Thanksgiving just hours away, investors are bracing for the most pivotal stretch of the retail calendar, as Black Friday launches a high-stakes holiday season shaped by shifting consumer behavior, sticky inflation and growing divides in household spending — factors likely to separate retail stock winners from losers.

Carvana Co. (NYSE:CVNA) shares added more than 7% after the used car sales platform was upgraded to an ‘Outperform' rating by Wedbush analysts. The analysts also raised their 12-month price target to $400 from $380, arguing that the recent pullback in the stock presents a buying opportunity.

Carvana jumped Monday as Wedbush Securities upgraded the online used-car seller, calling the recent pullback "overdone."

Shares of auto retailer Carvana (CVNA) jumped Monday after Wedbush upgraded the stock, calling the company the “new used car king.”

Major U.S. equities indexes climbed Monday afternoon as tech stocks rallied, and as optimism about a rate cut by the Federal Reserve next month grew. The Dow rose 0.4% and the S&P 500 added 1.3%, while the tech-heavy Nasdaq surged over 2%.

Wedbush upgraded Carvana (CVNA) to outperform from neutral and raised its price target to $400. The firm sees limited downside risk and improving financials.

Analysts at Wedbush Securities upgrade Carvana stock to Outperform from Neutral in a research note Monday.

Alphabet (GOOGL) passed Microsoft (MSFT) in market cap to become the third largest company on the stock market. Diane King Hall talks about the NATO and Google Cloud deal sending shares soaring on Monday's opening bell.

Amazon Autos is fresh from inking a deal with Ford Motor Co. to sell used Ford vehicles, but you wouldn't know it by looking at the stock of a key competitor: Carvana Co.