Carvana Co hits 20-day high on analyst optimism
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Updated: 04 Dec 25 
Carvana Co's stock rose by 3.00%, reaching a 20-day high amid positive market sentiment.
Analysts from UBS initiated coverage with a buy rating and a price target of $450, indicating strong growth potential for the company in the used-car market.
This positive outlook reflects investor confidence in Carvana's unique position and its ability to capture a larger market share, suggesting a promising future for the company.
CVNA
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Analyst Views on CVNA
Wall Street analysts forecast CVNA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVNA is 431.65 USD with a low forecast of 360.00 USD and a high forecast of 500.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 398.850
Low
360.00
Averages
431.65
High
500.00
Current: 398.850
Low
360.00
Averages
431.65
High
500.00
Wedbush
Neutral -> Outperform
upgrade
$400
2025-11-24
Reason
Wedbush
Price Target
$400
2025-11-24
upgrade
Neutral -> Outperform
Reason
Wedbush upgraded Carvana to Outperform from Neutral with a $400 price target.
Wedbush
Neutral -> Outperform
upgrade
$380 -> $400
2025-11-24
Reason
Wedbush
Price Target
$380 -> $400
2025-11-24
upgrade
Neutral -> Outperform
Reason
As previously reported, Wedbush upgraded Carvana to Outperform from Neutral with a price target of $400, up from $380. The firm believes the recent pullback in shares is overdone, and investors should take advantage of this period of relative weakness. Further, Wedbush thinks the risk/reward is compelling, with its valuation and analysis implying limited downside from here. Management has delivered robust growth for several quarters, and in the near term, the firm sees upside to current estimates.
Deutsche Bank
NULL -> Buy
initiated
$395
2025-11-21
Reason
Deutsche Bank
Price Target
$395
2025-11-21
initiated
NULL -> Buy
Reason
Deutsche Bank resumed coverage of Carvana with a Buy rating and $395 price target. The company is entering a "Goldilocks scenario" where its fixed operating leverage will allow it to reinvest into its "market leading competitive moats" at a high rate, the analyst tells investors in a research note. The firm sees Carvana also delivering margin expansion ahead of current expectations. Deutsche sees online car adoption moving higher amid improved used car supply fundamentals and "modest pressures" on interest rates.
Barclays
Overweight
initiated
$390
2025-11-11
Reason
Barclays
Price Target
$390
2025-11-11
initiated
Overweight
Reason
Barclays initiated coverage of Carvana with an Overweight rating and $390 price target. The firm believes Carvana is well positioned to gain market share in the "highly fragmented" used vehicle market. The company has a "best-in-class" e-commerce platform and competitive pricing, the analyst tells investors in a research note.
See All Ratings
About CVNA
Carvana Co. is a holding company. The Company operates an e-commerce platform for buying and selling used cars. The Company primarily acquires used vehicle inventory directly from customers, used car auctions, and wholesale used vehicle suppliers, including retail marketplace partners. Once it acquires a vehicle, the Company leverages its in-house logistics network or a vendor to transport the vehicle to one of its inspection and reconditioning centers (IRC) or auction locations with reconditioning capabilities, at which point the vehicle enters its inventory management system. It offers a mobile-optimized Website, where prospective retail car buyers can immediately begin browsing, researching, filtering, and identifying their vehicle of choice, where it offers an annotated virtual vehicle tour, which includes a 360-degree view of the interior and exterior of the actual vehicle. The Company also offers integrated financing using its loan origination platform.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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