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As the United States economy begins to pivot into what could be considered a 'hard landing,' the wealth gaps and distribution begin to upset specific members of the economy. The United Auto Workers (UAW) members have gone on strike during most of September, demanding that their

U.S. auto safety regulators said on Friday they are investigating about 240,000 of 2018-2021 Ford EcoSport vehicles after consumer complaints alleging oil pump failure.

The Detroit Three automakers and the union representing the companies' U.S. hourly workers on Friday entered the final hours to reach new labor agreements before the current coordinated strike expands to include more plants.

What happened The strike called by the United Auto Workers (UAW) looks set to expand, and that's hardly good news for any business anywhere near the vehicle industry. Investors are clearly worried about the damaging effects of a wider shutdown throughout the sector. As a result,

Does the ongoing auto workers' strike have any potential winners? The Big Three automakers in Detroit - General Motors ( NYSE:GM ), Ford ( NYSE:F ), and Stellantis ( NYSE:STLA ) — probably won't be the big winners, but Carvana ( NYSE:CVNA ) might be. I am moderately bullish on CVNA stock because a recent analyst upgrade sheds light on the bull case for Carvana, although I do recognize that the stock is risky. Carvana hails from Arizona and is a pioneer in combining e-commerce and car sales. The company's online platform makes it easy for automotive buyers to purchase used vehicles and for sellers to get a reasonable price for them. I even remember hearing about Carvana setting up vending machines to sell cars, which is an intriguing concept. On the other hand, Wall Street isn't overwhelmingly bullish on CVNA stock. Still, Carvana did get an upgrade not long ago. Plus, a shortage of automotive workers may be the catalyst that puts Carvana in the fast lane in 2023. A New Carvana Price Target Suggests Upside Here's a fresh news item about Carvana. The company's shares just got an upgrade from Wedbush Securities analyst  Seth Basham. The analyst raised his rating on CVNA from Underperform to Neutral and lifted his price target on the shares from $40 to $48. That's a hefty price-target raise, percentage-wise, and it implies decent upside from the current Carvana stock price. Basham contends that Carvana's recently completed debt exchange and improving profitability could drive upside in the third and fourth quarters, as well as “give the company at least two years of breathing room to execute,” the analyst tells investors. That's encouraging, as after a bankruptcy scare, Carvana could definitely use some "breathing room." Furthermore, Basham sees Carvana benefiting from more favorable industry pricing conditions, loan sales that are on pace to “greatly exceed originations,” and favorable pricing in the auto asset-backed securities (ABS) market. Additionally, the analyst feels that Carvana also has made “significant progress” on initiatives that should contribute to a sustainably higher retail gross profit per unit. Granted, Basham's upgrade might not have kept CVNA stock afloat for very long. Nonetheless, the analysts' arguments hold weight and point to a possible recovery for Carvana in the coming quarters. Auto Workers' Strike Could Benefit Carvana Currently, the United Auto Workers (UAW) strike against the aforementioned Big Three automakers is still happening. Investors in General Motors, Ford, and Stellantis probably hoped that the strike wouldn't go on for this long. Yet, here we are, and the workers haven't ironed out agreements with the Big Three. Is this a reason to panic sell CVNA stock? On the contrary, a prolonged auto workers' strike could provide benefits to Carvana and its stakeholders. If workers aren't working and new cars aren't being manufactured in a timely manner, a supply deficit could push vehicle prices much higher. This, in turn, might disincentivize people from buying a new car now. Even worse, they might not even be able to buy a new car soon, or at least not the car they want. All of this is massively bullish for the used vehicle market, and online shoppers often turn to Carvana's app to browse for a good-condition, pre-inspected used car. It's possible that the UAW strike will persist for so long that even the used vehicle supply might dry up. That's a long way off, though, so CVNA stock theoretically should at least get a short-term boost if the strike continues. Is CVNA Stock a Buy, According to Analysts? I'll admit that Carvana isn't a darling in the analyst community. On TipRanks, CVNA comes in as a Hold based on one Buy rating, 11 Holds, and four Sell ratings assigned by analysts in the past three months. The average Carvana stock price target is $41, implying 4.4% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell CVNA stock, the most accurate analyst covering the stock (on a one-year timeframe) is  Nicholas Jones, CFA of JMP Securities, with an astounding average return of 206.18% per rating and an impressive 84% success rate. Click on the image below to learn more. Conclusion: Should You Consider CVNA Stock? Carvana stock is susceptible to rapid price swings, so I definitely don't think it’s a good idea to overload your account with CVNA shares. However, Basham's upgrade and persuasive arguments suggest that a small share position in Carvana may be appropriate. Besides, the ongoing auto workers' strike could tip the vehicle supply-demand balance in Carvana's favor. Therefore, I feel that risk-tolerant investors should consider CVNA stock. Disclosure

What happened It has been a wacky week for Carvana (NYSE: CVNA) as shares of the online used car dealer pulled back in spite of an analyst upgrade and initial optimism about the United Auto Workers (UAW) strike, which has affected production at some plants owned by General Motors

Investors in Ford Motor Co. (Symbol: F) saw new options become available today, for the November 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the F options chain for the new November 3rd contracts and identified one put and one call

The number of Americans filing new claims for unemployment benefits dropped to an eight-month low last week, but a rebound is likely as a partial strike by the United Auto Workers (UAW) union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials.

The United Auto Workers (UAW) and the Detroit Three automakers on Thursday have a final full day to make significant progress on a new contract before the union plans to otherwise announce an expansion of its U.S. strikes.

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, but could rebound in the weeks ahead as a partial strike by the United Auto Workers (UAW) union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials.

Vietnamese electric-vehicle maker VinFast on Thursday reported a 131.2% rise in revenue in its first quarterly report since going public in August on higher deliveries to domestic customers.

The United Auto Workers (UAW) and the Detroit Three automakers on Thursday have a final full day to make significant progress on a new contract before the union plans to otherwise announce an expansion of its U.S. strikes.

Americans broadly back striking workers in the auto industry and Hollywood, according to a two-day Reuters/Ipsos poll completed on Wednesday that found significant support among both Democrats and Republicans.

Republican lawmakers on Wednesday urged the U.S. Treasury Department to conduct a security review over China-linked ownership of Gotion Inc, which plans to build electric vehicle battery plants in Michigan and Illinois, arguing its management is under Beijing's sway.

With approximately 400,000 active members across the United States, Canada, and Puerto Rico, United Auto Worker’s (UAW) strike against the largest automotive manufacturers in the United States, the “Detroit Three”, has the potenti

Carmakers, which have invested billions on electric vehicles, slammed Britain's move to delay a 2030 ban on the sale of new petrol and diesel cars, saying it would disrupt supply chains and slow the transition to greener cars.

Ford Motor Company F announced a tentative deal with Canadian union Unifor that covers 5,600 autoworkers in Ontario province. The deal helped the Detroit automaker avoid a walkout at its Canadian operations.Unifor threatened Ford

Auto workers at Ford Motor's Canadian facilities will start voting on a tentative three-year deal on Saturday, a spokesperson for the Unifor union said on Wednesday.

Toronto stocks ticked up on Wednesday as higher gold prices boosted materials shares, while investors await the U.S. Federal Reserve's interest rate decision.

The United Auto Workers (UAW) union said on Wednesday that 190 workers went on strike at Mercedes-supplier ZF's plant in Alabama, demanding higher pay and better healthcare benefits.