Carvana is a ‘true disruptor,’ but does it have room to grow market share?
This post was originally published on this site
Published:
Carvana Co. is a “true disruptor,” with an online platform and customer experience that positions it to gain market share in the large but fragmented used-car market.
That’s from UBS analyst Joseph Spak, who on Monday started covering Carvana’s stock CVNA with a buy rating and a price target of $450, implying a 18% upside from Monday’s share price.