{"id":68798,"date":"2026-05-20T08:37:13","date_gmt":"2026-05-20T08:37:13","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/68798\/"},"modified":"2026-05-20T08:37:13","modified_gmt":"2026-05-20T08:37:13","slug":"ubs-raises-target-on-carvana-cvna-after-strong-quarterly-results","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/68798\/","title":{"rendered":"UBS Raises Target on Carvana (CVNA) After Strong Quarterly Results"},"content":{"rendered":"\n

Steve Mandel ranks among the list of the richest hedge fund managers in the world<\/a>. While Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) remains the billionaire\u2019s largest position, Carvana Co. (NYSE:CVNA<\/a>) ranks 3rd\u00a0on the list of Steve Mandel\u2019s top holdings with a 5.52% portfolio share.<\/p>\n

\"\" <\/p>\n

On May 6, Needham reiterated Carvana Co. (NYSE:CVNA) as its top pick and Conviction List stock, noting increased operational efficiency at the company\u2019s testing and restoration centers. The firm states that worries concerning IRC efficiency have essentially been addressed.<\/p>\n

According to the firm, Carvana Co. (NYSE:CVNA) returned to the transformation of Adesa sites. Needham\u2019s hiring data also shows an increase in activity, indicating confidence in a return to previous efficiency standards.<\/p>\n

Meanwhile, UBS boosted Carvana Co. (NYSE:CVNA)\u2019s price target to $520 from $485, reiterating a Buy rating on the stock. The company reported a strong quarterly performance of $672 million in EBITDA, which was 4% higher than consensus estimates. It also achieved higher-than-expected retail gross profit per unit.<\/p>\n

UBS believes second-quarter forecasts will need to be raised due to stronger sequential unit growth and improved profitability. The firm stated that the findings should alleviate short-term investor worries.<\/p>\n

Carvana Co. (NYSE:CVNA) is an online retailer of used cars based in Tempe, Arizona. Renowned for its multi-story automobile vending machines, the firm is the fastest-growing online used car dealer in the United States.<\/p>\n

While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/a>.<\/p>\n

READ NEXT: 33 Stocks That Should Double in 3 Years<\/a> and 15 Stocks That Will Make You Rich in 10 Years<\/a>\u00a0<\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Steve Mandel ranks among the list of the richest hedge fund managers in the world. While Taiwan Semiconductor…\n","protected":false},"author":2,"featured_media":68799,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[11520,20031,37067,37066,37065,223],"class_list":["post-68798","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-carvana-co","tag-operational-efficiency","tag-richest-hedge-fund-managers","tag-steve-mandel","tag-taiwan-semiconductor-manufacturing-company-limited","tag-ubs"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116605999389050106","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/68798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=68798"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/68798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/68799"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=68798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=68798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=68798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}