Carvana (CVNA) shares surged nearly 18% on Thursday, hitting an all-time high, after several Wall Street analysts raised their price target on the online used-car retailer, with Citi noting that it was well-positioned to hit its target of selling three million retail units annually within 10 years.

Carvana (NYSE: CVNA) shares surged on Thursday, climbing 17% in early hour trading to a new all-time high above $390.

The company sets up “car vending machines” in key cities, and offers buyers a still-novel way to shop from home for a used car, without haggling, and have it delivered to them. Other tools on the platform include price comparisons and trade-in calculators. The company also offers financing.