Latest news with #BrianNagel
CNBC
25-07-2025
- Automotive
- CNBC
Oppenheimer upgrades used-car seller Carvana to outperform as it sees nearly 40% upside ahead
Oppenheimer is going all in when it comes to Carvana . The investment firm upgraded its rating on the online used-car seller to an outperform rating from perform. Analyst Brian Nagel accompanied the move by setting a price target of $450 for the stock. Shares of Carvana have surged 60% in 2025. Nagel's price target implies that the stock could rally another 38% from its Thursday close. CVNA YTD mountain CVNA YTD chart "CVNA represents a unique, digitally-driven disruptor, within the expansive and inefficient domestic used car marketplace," the analyst wrote. "Following significant fundamental and financial repositioning, the CVNA business model is now 'humming,' generating meaningful cash, scaling, and capitalizing well upon improving, underlying demand trends, within the space." Specifically, Nagel applauded Carvana's leadership for "aggressively" helping to improve cost efficiencies and restructuring the company's balance sheet. "These efforts allowed Carvana to deliver sustained profitability, even with top-line trends struggling, post pandemic, and are now underpinning meaningful operational leverage, as consumer demand, across the used car space, is solidifying," he added. "Substantial" profit over the long term also looks possible, as Carvana recently estimated used unit sales of three million over the next five to 10 years. Nagel noted that the company's current market share remains "decidedly low." "Prospects for continued, outsized market share gains within the used-car market should represent a key driver of sales and productivity increases for CVNA for the foreseeable future," he added. Nagel also pointed out that Carvana shares still appear undervalued at their current price. Additionally, the company is operating with a more optimistic backdrop for used car companies, as it could capitalize on U.S. tariffs potentially driving prices for new automobiles higher.
Yahoo
10-07-2025
- Business
- Yahoo
Analyst Bullish on Nike (NKE) Despite Challenges
NIKE, Inc. (NYSE:NKE) is one of the . Oppenheimer's Brian Nagel said in a recent program on CNBC that Nike (NKE)'s latest results show the company has seen the bottom, and improvement could be expected in the long term despite challenges. 'I keep telling our clients—I put out another report on Nike earlier this week—I don't expect any type of all clear, okay? There are challenges ahead, internal and external. But I do think this is probably the worst for Nike, and through fiscal '26, which they're now in, I think results get gradually better. That's where I think this stock really works, because right now it's heavily underowned, the sentiment is very negative. I think the stock starts to work on these better results.' Photo by Kaleidico on Unsplash Madison Large Cap Fund stated the following regarding NIKE, Inc. (NYSE:NKE) in its Q1 2025 investor letter: 'NIKE, Inc. (NYSE:NKE) is still struggling as it attempts to clean up its over-inventoried position and revive new product launches. Given that its shoes are predominantly manufactured overseas, the recent round of tariffs will increase costs as well.' While we acknowledge the potential of NKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
