Carvana (CVNA) has experienced a remarkable turnaround, with its stock up over 11,000% since December 2022. Analysts are optimistic about its future growth potential, with UBS setting a $450 price target and predicting strong EBITDA growth through 2030. Carvana’s solid Q3 performance, with record retail units sold and revenue, has further fueled the bull case. The company aims to sell 3 million vehicles annually and is integrating acquired assets to support this goal. Most analysts have a bullish outlook on CVNA stock, citing potential for continued growth in the online car dealership market.

Read more at Barchart: UBS Analysts Think This Former Meme Stock Has Become a Disruptor — And That It Can Gain 20% from Here