Buy Carvana as it takes bigger market share in used car space, says Barclays
Barclays believes that Carvana has significant opportunity to improve its market share in the used car space. The bank initiated coverage of the online car seller with an overweight rating. Analyst John Babcock’s $390 price target implies that shares of Carvana could rise 19% from Tuesday’s close. Babcock believes that Carvana could specifically benefit as…