---
title: "Carvana's growth runway turns discounted shares into a buy -- Wedbush"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267204041.md"
description: "Wedbush upgraded Carvana (CVNA) to Outperform, citing its potential to become a market leader in the used car space by 2026. Despite a recent 13% share drop, Wedbush sees limited downside and compelling risk/reward. Analyst Scott Devitt raised Carvana's target price to $400, expecting 45.6% revenue growth in 2023 and a 12% adjusted EBITDA margin by 2027. Carvana's recent results showed record revenue and a 61% profit increase, but shares fell due to compressed margins. Devitt anticipates Carvana surpassing CarMax in unit volume earlier than expected."
datetime: "2025-11-24T14:29:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267204041.md)
  - [en](https://longbridge.com/en/news/267204041.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267204041.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/267204041.md) | [繁體中文](https://longbridge.com/zh-HK/news/267204041.md)


# Carvana's growth runway turns discounted shares into a buy -- Wedbush

With shares down 13% over the last month and the company expected to become a market leader in the used car space by the end of 2026, Wedbush upgraded Carvana (CVNA) to Outperform from Neutral, telling investors to “take advantage of this period of relative weakness.” “We think the risk/reward is compelling, with our valuation and analysis implying...

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