BofA raises Carvana price target to $375, predicts growth and S&P 500 qualification

From Yahoo Finance: 2025-06-29 13:28:00

Carvana Co. (NYSE:CVNA) is highlighted as one of the best consumer cyclical stocks to buy, with analyst Michael McGovern of BofA Securities raising the price target for its shares to $375. Despite potential challenges in the second half of the year, the company is expected to continue growing. Carvana is now qualified for S&P 500 inclusion.

Carvana Co. (NYSE:CVNA) stands out as an online retailer of used cars with a unique business model featuring multi-story automobile vending machines. The company is headquartered in Tempe, Arizona and is recognized as the fastest-growing online used car dealer in the United States.

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Read more at Yahoo Finance: BofA Boosts Carvana Price Target, Highlights S&P 500 Eligibility