From Financial Modeling Prep: 2025-03-25 12:48:00

Morgan Stanley upgraded Carvana (NYSE:CVNA) from Equalweight to Overweight, setting a new price target of $280 from $260. The stock’s recent decline was seen as a good entry point into the online auto retail and fleet logistics leader.

Analysts believe Carvana now offers an attractive risk-reward profile, with potential gains of up to 90% in a bullish scenario. The stock currently has over 30% upside to the new price target of $280.

Carvana has shown significant improvement in fundamentals since its last upgrade to Equalweight in November. The company has been actively addressing its debt load and demonstrating profitable growth.

Despite having a customer base more exposed to subprime auto credit, Carvana continues to show strong operational execution. The company’s progress has been noted by Morgan Stanley, leading to the recent upgrade to Overweight.



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