** Used car retailer Carvana's CVNA.N shares rise 2% in morning trade after brokerage Citigroup raises stock rating to "buy" from "neutral"
** Citigroup analyst Ronald Josey says "CVNA is ramping inventory to meet increasing demand"
** Brokerage raises PT to $277 from $195, a 39.65% upside to stock's last close
** Ten of 24 brokerages rate CVNA "buy" or higher, 13 "hold" and one "sell"; their median PT is $250 - LSEG data
** Stock rose 284% in 2024
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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