Carvana (CVNA) stock drops as Deutsche Bank lifts target to Street-high $600

Carvana Co. shares dipped 2.1% on Wednesday, holding mostly steady in after-hours action as some investors trimmed positions in the fast-rising used-car seller despite new bullish ratings from Wall Street. The stock closed at $458.61, after moving between $450.92 and $473.71 during the day.

Carvana stock slips, but Morgan Stanley lifts bull case to $750 — what traders watch next

Carvana stock slips, but Morgan Stanley lifts bull case to $750 — what traders watch next

Morgan Stanley analyst Andrew Percoco maintained an Overweight rating and a $450 price target on Carvana and raised his bull-case scenario to $750, TheFly reported Thursday, citing the company’s dealership purchases as a sign it is “readily expanding” beyond used cars. Shares of Carvana fell 1.8% to $442.58 after trading between $433.30 and $457.22; the stock is up about 11% so far in 2026 but about 9% below its 52-week high of $485.33.
9 January 2026