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Stock impact report

Carvana (CVNA) Gains Buy Rating from UBS Alongside S&P 500 Inclusion [Yahoo! Finance]

Carvana Co. Class A (CVNA) 
Last carvana co. class a earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.carvana.com
Company Research Source: Yahoo! Finance
According to the investment bank, Carvana's “differentiated, best-in-class online platform and customer experience” puts the company in an ideal position to increase its market share in the competitive used car industry. According to UBS, Carvana's share of the used car sales industry currently stands at just about 1.5%, though it might increase to roughly 4% by the end of the decade and 8% over the next ten years. A number of variables contribute to the development potential, such as growing customer comfort with online car purchases, which currently account for around 2% of used car sales. UBS states that the company's focus on customer experience, which includes same-day or next-day delivery choices, is expected to boost brand awareness and support its vehicle acquisition strategy. Carvana Co (NYSE:CVNA) shares were also up for a welcome boost following the announcement that the used car company will be included in the S&P 500 index as part of the quarterly adjustment, effect Show less Read more
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