Carvana climbs; Argus starts with 'buy'

Carvana Co

15/12/2025 13:58

** Online used-car retailer Carvana's CVNA.N shares rise 1.3% to $461.06 premarket

** Argus Research starts with "buy" rating

** Brokerage sets PT at $500, implying an upside of 9.7% to stock's last close

** Brokerage says co "has competitive advantages over traditional dealerships in vehicle selection, price, quality and user experience"

** Average rating of 27 analysts is "buy," their median PT is $450 - data compiled by LSEG

** Up to last close, stock has more than doubled this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))