Argus Initiates “Buy” as S&P 500 Inclusion Nears — Latest Price Targets, Forecasts and Key Risks (Dec. 15, 2025)
Carvana Co. shares traded around $461 on Monday, extending a powerful run that has pushed the online used-car retailer back into the market spotlight just days before its scheduled S&P 500 entry.
The fresh catalyst on Dec. 15, 2025: Argus Research initiated coverage with a “Buy” rating and a $500 price target, calling out Carvana’s competitive advantages versus traditional dealerships (selection, pricing, quality, and user experience). [1]
But as Carvana stock approaches (and in some sessions has flirted with) a $100+ billion valuation, the debate is getting sharper: is this the start of a new institutional chapter powered by index flows and improving fundamentals—or a momentum trade that’s already priced in much of the good…
