BTIG maintains a “Buy” rating for Carvana Co. (NYSE:CVNA) with a stock price of $185.5.
Carvana amends its agreement with Ally, challenging a part of the short thesis against the company.
An investigation into Carvana for potential violations of federal securities laws has been announced by Levi & Korsinsky.

Carvana Co. (NYSE:CVNA) is an online platform for buying and selling used cars. It aims to simplify the car buying process by offering a seamless online experience. Carvana competes with other online car retailers like Vroom and traditional dealerships. On January 6, 2025, BTIG maintained its “Buy” rating for Carvana, with the stock priced at $185.5, as reported by TheFly.

BTIG’s decision to maintain a “Buy” rating comes amid Carvana’s amendment of its agreement with Ally, which challenges a part of the short thesis against the company. This development is significant as it may influence investor sentiment positively. Despite this, Levi & Korsinsky has announced an investigation into Carvana for potential violations of federal securities laws, following a report by Hindenburg Research.

Carvana’s stock price has seen a recent increase, trading at $186.50, up by $9.34 or 5.27%. The stock has fluctuated between $179.81 and $193.25 during the day. This volatility reflects the market’s reaction to recent news and ongoing investigations. The stock’s 52-week range shows a high of $268.34 and a low of $40.21, indicating significant price movement over the past year.

Carvana’s market capitalization is approximately $38.72 billion, with a trading volume of 7.93 million shares. This large market cap and high trading volume suggest that Carvana is a major player in the online car retail industry. Investors should consider both the positive developments and the ongoing investigation when evaluating Carvana’s stock.