** Carvana's CVNA.N shares up 7.3% to $180.14 on Tues after online used-car retailer unveiled plans for Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Phoenix auction site
** CVNA shares rose as much as 17.6% to $197.42 on the session and set for second straight day of gains
** Arizona-based firm early Tues said its 'Megasite' integration in Phoenix will expand overall production capacity and establish larger inventory pool in a new metropolitan area, providing local buyers access to vehicles that can be delivered the same or the next day
** Co said it has begun hiring local team members and expects the integration to create about 200 new jobs over time
** With move on Tues, CVNA shares off ~11% YTD. Stock closed at $82.67 a year ago
** Of 23 analysts covering CVNA, recommendation breakdown is 13 "strong buy" or "buy", 9 "hold" and 1 "sell", according to LSEG data
** Median PT of $260 implies 44% upside to current levels
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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