Why These 15 Vehicles & Parts Stocks Are Surging In 2025

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9. Carvana Co (NYSE:CVNA)

Number of Hedge Fund Holders In Q4 2024: 84

Carvana Co (NYSE:CVNA) is an online used car retailer based in Tempe, Arizona that allows customers to browse, purchase, finance, and trade in vehicles from their homes.

Investor confidence received a boost in early January 2025 when Carvana reinstated a $4 billion loan arrangement with Ally Financial. This news prompted RBC to upgrade the stock to Outperform and increase its price target, leading to a 5.03% rise in the share price.

Further momentum came on March 24, 2025, when the stock climbed 10.04% following news of a strategic partnership and positive analyst actions.

Piper Sandler and JPMorgan issued new price targets. The company reported strong performance in late 2024, with profitability in Q3 2024. Carvana is scheduled to report its first quarter 2025 financial results on May 7, 2025.

The consensus price target of $254.76 implies 0.94% downside.

CVNA stock is up 26.43% year-to-date.

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