Carvana Stock Decline Seen as Buying Opportunity by Citi Analysts

Citi analysts view Carvana's recent 10% stock decline as a buying opportunity, maintaining a Buy rating with a $550 price target. The company operates as an e-commerce platform for buying and selling used cars, with a focus on retail vehicle unit sales. Despite operational concerns, Carvana's financial metrics indicate strong gross margins but declining revenue growth over the past three years.