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home / news releases / CVNA - Lowe's Carvana and AutoZone top the stock buy list at Wells Fargo

CVNA - Lowe's Carvana and AutoZone top the stock buy list at Wells Fargo

Carvana Co. Class A
Wells Fargo says it is time for investors to get aggressive in the hardlines sector. "Despite strong 2H20 results, a fresh round of stimulus, and COVID-driven structural tailwinds, hardline retail shares have been volatile, and considering recent market dynamics (reopening vs stay at home, stimulus, etc.), we see opportunities emerging across our coverage universe." The firm notes that auto parts shares are starting to work amid the macro backdrop and points to palatable valuations in home improvement.Top ideas from Wells in the hardlines sector are AutoZone (AZO), Home Depot (HD), Lowe's (LOW), Floor & Decor (FND), Carvana (CVNA), Vroom (VRM) and Tractor Supply (TSCO). See Seeking Alpha Quant Ratings across all the consumer discretionary sector.

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Lowe's, Carvana and AutoZone top the stock buy list at Wells Fargo
Stock Information
Company Name: Carvana Co. Class A
Stock Symbol: CVNA
Market: NYSE
Website: carvana.com
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