Oppenheimer Upgrades Carvana to Outperform, Sets $450 Target on Profit Upside

Carvana Co. (NYSE:CVNA) is one of the best multibagger stocks according to hedge funds. On July 25, 2025, Oppenheimer analyst Brian Nagel upgraded Carvana from “Perform” to “Outperform” and raised his price target to $450.

The analyst described Carvana as a “unique, digitally‑driven disruptor” in the U.S. used‑car market, highlighting lowered operational costs and rising demand, despite recent record highs in the stock price.

Oppenheimer Upgrades Carvana to Outperform, Sets $450 Target on Profit Upside

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Nagel asserted that investors are still underestimating the company’s growth and profit potential, projecting over 30% upside from current levels.

Carvana Co. (NYSE:CVNA) is an Arizona-based online used‑car retailer that sells vehicles via its digital platform and operates auto-financing and logistics systems to support rapid delivery to consumers.

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While we acknowledge the potential of CVNA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVNA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.