Carvana's Dramatic Comeback: S&P 500 Inclusion, Record Sales
Update: 2025-12-08
Description
Carvanas stock soared by up to ten percent earlier this week following its inclusion in the S&P five hundred index, marking a significant comeback for the company. The online car retailer has seen record sales and profits, with a long-term goal of selling three million cars in the next five to ten years. Analysts at Bank of America have reiterated their Buy rating and raised their price target, expecting Carvana to surpass CarMax in quarterly units sold by 2026. The companys net income margin is more than double the industry average, making it one of the most dramatic comeback stories in recent years.
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