Deutsche Bank has boosted its 12-month price target on Carvana to $600 from $395 while maintaining a Buy rating, marking the highest target on Wall Street. Analysts cite Carvana’s strong positioning to capitalize on a projected cyclical recovery in 2026, driven by policy measures under President Trump’s “Big Beautiful Bill” and an aging U.S. vehicle fleet. Deutsche Bank highlights Carvana’s status as a leading beneficiary of rising consumer spending and accelerating digital adoption in the used-vehicle market. The firm underscores Carvana’s extensive physical infrastructure—distribution centers and inspection facilities—as a key advantage in an industry where digital penetration remains low, projecting that unit growth could exceed consensus forecasts. While broader e-commerce and AI trends are expected to reshape the retail landscape, Carvana’s end-to-end model and proprietary technology are viewed as critical levers for capturing incremental market share and driving margin expansion beyond 2025 levels.