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Carvana is a ‘true disruptor,’ but does it have room to grow market share?

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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.

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