Carvana (CVNA) shares surged Tuesday after the online used car retailer's stock got an upgrade from Morgan Stanley analysts.

The analysts boosted their rating to 澳洲幸运5官方开奖结果体彩网:"overweight" from "equal-weigܫht" and raised their price target to $280 from $260 previously, suggesting more than 25% upside from Tuesday's intraday level. Shares of the car seller were up close to 5% in recent trading, and have more than doubledꦗ in value in the last 12 months.

The analysts told clients they believe stock's recent slide from a Valentine's Day closing peak of $285.33 could present a "unique opportunity for investors to gain exposure to a leader in auto retail and fleet fulfillment." Their new price target is just slightly below the average price target of $287 among the analysts tracked by Visible Alpha, nine of which give Carvana a "buy" or equivalent rating, while three rate it as a "hold."

Morgan Stanley Sees Strong Growth Trajectory

The analysts at Morgan Stanley said their recent tour of a Carvana facility in Florida "reinforced the company's competitive advantages with vertical integration and scale," calling the company "a potential 'Amazon (AMZN) of auto retail.'"

They said that Carvana's most 澳洲幸运5官方开奖结果体彩网:recent earnings report, which saw profits top expectations last month, "make a strong casౠe for the company to have proven profitable growth is more than just a temporary phenomenon."