Carvana (CVNA) Stock Surges: Here's Why
Carvana (CVNA) stock is rising after receiving an upgrade from JPMorgan, which raised its rating from "underweight" to "neutral" and increased the price target from $25 to $40 per share. The upgrade reflects Carvana's strong position in the online-only used vehicle retailing space, despite recent challenges in the industry. CVNA stock is up 14.9% on the news.