Shares of online used car dealer Carvana surged after Jefferies analysts upgraded its stock rating to buy from hold. Carvana has overcome obstacles like a scathing report and tariffs to post record sales and revenue. The company’s stock now trades higher than pre-pandemic levels at $395 a share. Jefferies predicts Carvana could capture a 10% share of the $800 billion used car sales market by 2035. Hertz, a competitor, is also making moves to sell used cars online. Carvana’s growth potential lies in increasing inventory and meeting the demand for online car sales.

Read more at Yahoo Finance: Carvana Whizzes Through Green Light From Jefferies Upgrade