Carvana Stock (CVNA) Outlook: Wedbush and UBS Say ‘Buy the Dip’ as Disruptor Joins the S&P 500
Carvana will join the S&P 500 later in December after surging over 80% in 2025 and more than 11,000% since late 2022. UBS initiated coverage with a Buy rating and a $450 price target, citing strong revenue growth, profitability, and market-share gains. The company reported Q3 net income of $263 million on $5.65 billion in revenue, with retail units sold up 44% year over year.