Carvana (CVNA) Stock Overview
Operates an e-commerce platform for buying and selling used cars. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
CVNA Community Fair Values
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Analyst Price Targets
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Published 26 Nov 2025
Carvana Co. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$69.16 |
| 52 Week High | US$97.38 |
| 52 Week Low | US$54.46 |
| Beta | 3.5 |
| 1 Month Change | -4.58% |
| 3 Month Change | 7.89% |
| 1 Year Change | -4.41% |
| 3 Year Change | 562.45% |
| 5 Year Change | 4.76% |
| Change since IPO | 3,015.32% |
Recent News & Updates
Seeking Alpha • Sep 10
Carvana: There Is Still Room For More Growth
Summary Carvana has defied persistent bearish sentiment, delivering a roughly 15% gain since early June 2026. Despite sharp volatility, CVNA's stock trajectory has repeatedly proven bearish forecasts wrong again and again. Carvana remains the "go-to" option for those who want to avoid a traditional dealership experience. I remain bullish on the name given its high revenue growth expectations and reputation for delivering a seamless process to customers. Read the full article on Seeking Alpha
Narrative Update • Sep 08
CVNA: Reconditioning Expansion And Same Day Delivery Will Support Future Upside
Carvana's updated fair value estimate has shifted to $108.96 from $115.62 as analysts trim price targets in response to mixed Q2 results, slightly softer margin assumptions, and a more conservative future P/E outlook, even as they continue to highlight ongoing unit growth and long term potential in recent research. Analyst Commentary Recent research around Carvana centers on mixed Q2 results, cautious margin assumptions, and updated guidance.
Narrative Update • Aug 25
CVNA: Weaker Margin Guide And Cohort Share Assumptions Will Pressure Future Returns
Carvana's analyst fair value estimate has been trimmed from $68.19 to $60.00 as analysts reset price targets after a mixed Q2 update. This reflects slightly lower revenue growth and profit margin assumptions, alongside a modestly higher discount rate and reduced future P/E expectations.Recent updates
Seeking Alpha • Sep 10
Carvana: There Is Still Room For More Growth
Summary Carvana has defied persistent bearish sentiment, delivering a roughly 15% gain since early June 2026. Despite sharp volatility, CVNA's stock trajectory has repeatedly proven bearish forecasts wrong again and again. Carvana remains the "go-to" option for those who want to avoid a traditional dealership experience. I remain bullish on the name given its high revenue growth expectations and reputation for delivering a seamless process to customers. Read the full article on Seeking AlphaNarrative Update • Sep 08
CVNA: Reconditioning Expansion And Same Day Delivery Will Support Future Upside
Carvana's updated fair value estimate has shifted to $108.96 from $115.62 as analysts trim price targets in response to mixed Q2 results, slightly softer margin assumptions, and a more conservative future P/E outlook, even as they continue to highlight ongoing unit growth and long term potential in recent research. Analyst Commentary Recent research around Carvana centers on mixed Q2 results, cautious margin assumptions, and updated guidance.Narrative Update • Aug 25
CVNA: Weaker Margin Guide And Cohort Share Assumptions Will Pressure Future Returns
Carvana's analyst fair value estimate has been trimmed from $68.19 to $60.00 as analysts reset price targets after a mixed Q2 update. This reflects slightly lower revenue growth and profit margin assumptions, alongside a modestly higher discount rate and reduced future P/E expectations.
Narrative Update • Aug 11
CVNA: Record Profit And Faster Delivery Will Support Future Upside
Carvana's updated analyst fair value estimate has shifted from about $89.83 to $82.83 after multiple firms trimmed price targets into the $70 to $90 range. Analysts cited mixed Q2 results, slightly softer EBITDA guidance, and more conservative assumptions for revenue growth, profit margins, and future P/E multiples.Analysis Article • Aug 05
Impressive Earnings May Not Tell The Whole Story For Carvana (NYSE:CVNA)
Despite posting some strong earnings, the market for Carvana Co.'s ( NYSE:CVNA ) stock hasn't moved much. Our analysis...Narrative Update • Jul 27
CVNA: Market Share Gains And Faster Delivery Will Support Future Upside
Carvana's updated analyst price target edges lower as the fair value estimate shifts from about $92.10 to $89.83, reflecting recent tweaks to growth, discount rate, profit margin, and future P/E assumptions that align with a mix of modest target cuts and raises across recent Street research. Analyst Commentary Recent Street research on Carvana shows a mix of optimism and caution, with price targets shifting both higher and lower and ratings ranging from Neutral to Buy and Overweight.Narrative Update • Jul 02
CVNA: Post Split Expectations Will Test Market Share And Margin Resilience
Analysts have reduced their fair value estimate for Carvana from about $351 to roughly $68, citing updated market share expectations and revised price targets across the Street following the company’s recent stock split. Analyst Commentary Recent research on Carvana highlights a mixed backdrop, with several firms adjusting price targets after the stock split and reassessing how much market share the company could capture over the next few years.Analysis Article • Jun 19
Carvana (CVNA) Stock Could Be 42.4% Undervalued After Dallas Launch And Dealership Deal
Carvana (CVNA) is back under the spotlight after rolling out its “New Car Experience Paradise” concept in Dallas and agreeing to acquire seven Stellantis dealerships, a twin move that pushes the online retailer further into new car sales. See our latest analysis for Carvana. Carvana’s latest moves come after a choppy stretch in the stock, with a 1 day share price return of 5.89% lifting the share price to US$66.56, a 90 day share price return of 18.32% and a very large 3 year total...Narrative Update • Jun 18
CVNA: New Vehicle Expansion Will Support Future Execution Upside For Stock
The analyst price target for Carvana has been trimmed slightly, from about $92.90 to roughly $92.10, as analysts factor in updated assumptions on market share gains, a modestly lower future P/E multiple near 31.6x, and refreshed cohort models that temper some of the more aggressive long term expectations reflected in recent Street estimates. Analyst Commentary Recent research on Carvana stock reflects a mix of optimism about execution and growth, balanced against concerns over competition and the assumptions embedded in long term forecasts.Narrative Update • Jun 04
CVNA: TAM Expansion And Stock Split Will Support Future Execution Upside
Carvana's updated analyst price target shifts from a prior fair value reference of $428.50 to about $92.90 per share, with analysts largely tying the recalibration to the recent 5:1 stock split, as well as modest tweaks to revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research updates around Carvana cluster around the stock split and revised price targets, but there is still a clear split between what bullish and bearish analysts focus on.Narrative Update • May 21
CVNA: Retail Unit Expansion And Reconditioning Investments Will Drive Future Upside
Analysts have reset Carvana's fair value estimate from $519.00 to about $115.62 after the 5:1 stock split, while modestly adjusting assumptions for the discount rate, revenue growth, profit margin, and future P/E to reflect updated models and recent research commentary. Analyst Commentary Recent Street research around Carvana has centered on the 5:1 stock split, with several bullish analysts recalibrating price targets and reiterating positive views on the company’s execution and growth potential.Narrative Update • May 04
CVNA: Higher Multiple Expectations Will Confront Ongoing Margin And Execution Risks
Carvana's analyst price target has been updated from $307.90 to $351.40. Analysts generally point to recent broad based target increases and a willingness to assign a higher future P/E multiple, despite more cautious assumptions on revenue growth and profit margins.Narrative Update • Apr 20
CVNA: Retail Unit Expansion And Vertically Integrated Model Will Drive Future Upside
Carvana's updated analyst price target of $519, down from $600, reflects analysts factoring in recent Q4 profitability shortfalls and softer near term unit guidance, while still crediting the company's share gains, vertically integrated model, and defended position against AI disintermediation. Analyst Commentary Recent research updates show a cluster of price target trims after Carvana's Q4 report, but the tone across much of the Street still leans constructive.Narrative Update • Apr 06
CVNA: Retail Unit Expansion And AI Resilience Will Drive Future Upside
Analysts now place Carvana's price target at $519, reflecting a recalibration that weighs recent target cuts tied to Q4 margin pressure and softer near term guidance, while also considering views that AI disintermediation risks are limited and that unit growth and market share gains remain central to the long term story. Analyst Commentary Recent research paints a mixed but generally constructive picture around Carvana, with price targets reset to reflect Q4 margin pressure and softer near term guidance, while still leaning on the long term growth story.Narrative Update • Mar 23
CVNA: TAM Expansion And Defensible E Commerce Model Will Drive Future Execution Risk
Carvana's updated analyst price target has moved from about $481 to roughly $429 as analysts factor in ongoing retail unit and EBITDA headwinds, while still highlighting the company's defensible e commerce model and share gains in a fragmented used vehicle market as key supports to the long term story. Analyst Commentary Recent Street research on Carvana clusters around a common theme, with analysts trimming price targets while still pointing to a resilient e commerce model, share gains in used vehicles and potential upside from newer growth areas like new car sales.Narrative Update • Mar 08
CVNA: Expanding New Car Footprint And AI Resilience Will Drive Future Upside
Carvana's analyst fair value estimate has been reset from $600 to $519, as analysts balance recent Q4 margin and EBITDA pressures against still supportive views on unit growth, share gains in used cars, and reduced concerns around AI driven disintermediation. Analyst Commentary Recent Street research highlights a mix of valuation resets and continued confidence in Carvana's ability to grow units and defend its business model, even as Q4 EBITDA and margin pressures weigh on near term sentiment.Narrative Update • Feb 22
CVNA: Margin Pressures And Short Report Risks Will Confront Index Inclusion Benefits
Analysts have reduced our Carvana fair value estimate by about $22 to $307.90. This reflects recent target cuts that account for near-term margin pressure after Q4 misses, alongside ongoing expectations for scale, share gains in used vehicles, and improved profitability over time.Analysis Article • Feb 13
Carvana Co. (NYSE:CVNA) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless
The Carvana Co. ( NYSE:CVNA ) share price has softened a substantial 27% over the previous 30 days, handing back much...Narrative Update • Feb 08
CVNA: Expanding Market Reach Into New Car Sales Will Drive Future Upside
Analysts nudged their price target for Carvana higher to $600 from $550, citing a mix of refined growth and profitability assumptions, modestly lower discount rates, and a higher future P/E multiple supported by recent research that highlights both expanding total addressable market opportunities and pushback against short seller claims. Analyst Commentary Recent Street research around Carvana has been active, with a mix of higher and lower price targets, rating changes, and fresh views on how the business model and total addressable market could influence valuation.Narrative Update • Jan 25
CVNA: TAM Expansion And S&P 500 Inclusion Will Shape Future Execution Risk
Analysts have lifted their implied fair value for Carvana by about $62 per share to roughly $481, citing a higher assumed future P/E multiple and an improved profit margin outlook, supported by recent price target increases and total addressable market expansion themes across several research notes. Analyst Commentary Bullish and cautious views on Carvana are both coming through in recent research, and they often tie back to how much value analysts see in the company’s expansion efforts and its ability to execute against that opportunity.Narrative Update • Jan 11
CVNA: Expanding Market Reach And Credit Improvements Will Drive Future Upside
Analysts maintained their Carvana fair value estimate at $550.00 and made slight adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions in response to higher price targets, expanding TAM expectations, and continued Buy and Overweight ratings across major firms. Analyst Commentary Bullish analysts are broadly constructive on Carvana, with a cluster of Buy and Overweight ratings paired with price targets that sit well above the current fair value estimate.Narrative Update • Dec 27
CVNA: Improving Credit Performance Will Drive Future Upside In Shares
Analysts have raised their Carvana fair value estimate to $550 from $532.59, citing stronger expected revenue growth, modestly higher long term profit margins, and a premium future earnings multiple. This change is driven by growing conviction in the company’s competitive position and potential upside to current unit forecasts.Analysis Article • Dec 20
After Leaping 37% Carvana Co. (NYSE:CVNA) Shares Are Not Flying Under The Radar
Carvana Co. ( NYSE:CVNA ) shares have had a really impressive month, gaining 37% after a shaky period beforehand. The...Narrative Update • Dec 13
CVNA: Unit Growth And Credit Performance Will Drive Shares Higher
Analysts have nudged their fair value estimate for Carvana higher to about $533 from $500, citing a series of recent price target hikes and upgrades that emphasize sustained unit growth, an improving competitive position in used autos, and what they view as an attractive risk or reward profile despite macro and credit concerns. Analyst Commentary Bullish analysts continue to frame the recent pullback in Carvana shares as a temporary pause in a longer growth trajectory, emphasizing that valuation still screens attractive relative to the company’s execution record and unit growth outlook.Narrative Update • Nov 29
CVNA: Market Share Will Expand As Operational Execution Drives Consistent Outperformance
Carvana's analyst fair value target has been slightly reduced by less than $1 to $419.45, as analysts balance consistent growth and operational improvements with ongoing macroeconomic uncertainties and evolving industry dynamics. Analyst Commentary Recent Street research provides a diverse range of perspectives on Carvana, highlighting both optimism around the company's growth prospects and concerns linked to macroeconomic factors and credit exposure.Narrative Update • Nov 15
CVNA: Operational Momentum And Credit Flexibility Will Support Market Share Gains
The analyst average price target for Carvana has been modestly reduced from $423.90 to $419.67. Analysts are weighing strong operational momentum and robust e-commerce platform performance against persistent macro and credit headwinds in the used vehicle market.Narrative Update • Oct 31
CVNA: Operational Momentum And Market Share Gains Will Sustain Strong Outperformance
Carvana's analyst price target has been raised slightly to $423.90 from $423.60. Analysts cite sustained strong unit sales and resilience in consumer auto credit trends as supporting rationale.Narrative Update • Oct 17
Online Vehicle Retail And AI Integration Will Redefine Future Markets
Analysts have modestly increased Carvana's fair value estimate from $421.95 to $423.60. They cite sustained fundamental strength, improved loss trends, and positive industry positioning in spite of ongoing macroeconomic headwinds.Narrative Update • Oct 03
Online Vehicle Retail And AI Integration Will Redefine Future Markets
Carvana's analyst price target increased by $7.75 to $421.95, as analysts cite continued market share gains, stronger profitability, and resilient fundamentals despite evolving competitive dynamics in the digital auto retail sector. Analyst Commentary Recent analyst reports on Carvana highlight a mix of optimism regarding the company’s continued outperformance, as well as caution surrounding valuation and market challenges.Shareholder Returns
| CVNA | US Specialty Retail | US Market | |
|---|---|---|---|
| 7D | -7.3% | -3.7% | -1.0% |
| 1Y | -4.4% | -13.1% | 14.1% |
Return vs Industry: CVNA exceeded the US Specialty Retail industry which returned -13.1% over the past year.
Return vs Market: CVNA underperformed the US Market which returned 14.1% over the past year.
Price Volatility
| CVNA volatility | |
|---|---|
| CVNA Average Weekly Movement | 8.9% |
| Specialty Retail Industry Average Movement | 7.3% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: CVNA has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: CVNA's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 23,100 | Ernie Garcia | www.carvana.com |
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. The company also operates auction sites.
Carvana Co. Fundamentals Summary
| CVNA fundamental statistics | |
|---|---|
| Market cap | US$78.30b |
| Earnings (TTM) | US$1.57b |
| Revenue (TTM) | US$25.06b |
31.8x
P/E Ratio2.0x
P/S RatioIs CVNA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CVNA income statement (TTM) | |
|---|---|
| Revenue | US$25.06b |
| Cost of Revenue | US$20.20b |
| Gross Profit | US$4.85b |
| Other Expenses | US$3.29b |
| Earnings | US$1.57b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.18 |
| Gross Margin | 19.37% |
| Net Profit Margin | 6.26% |
| Debt/Equity Ratio | 90.2% |
How did CVNA perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 04:30 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Carvana Co. is covered by 43 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Craig Kennison | Baird |
| John Babcock | Barclays |
| Gary Prestopino | Barrington Research Associates, Inc. |