What's Going On With Carvana Stock Today?

Written by Emily J. Thompson, Senior Investment Analyst

CVNA+5.15%

PEZ-0.37%

Source: Benzinga

Updated: Apr 02 2025

0mins

Source: Benzinga

Carvana's New Facility: Carvana Co is planning to integrate an auction and reconditioning 'Megasite' in central New Jersey, enhancing its operational capabilities and expanding production capacity while creating around 200 new jobs in the region.
Impact on Services: The new facility will streamline Carvana's reconditioning process, improve delivery speeds for customers, and continue to provide digital auction services for commercial clients, positioning the company for growth in the competitive used car market.

CVNA

$478.45+Infinity%1D

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 475.88 USD with a low forecast of 360.00 USD and a high forecast of 550.00 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

16 Buy

2 Hold

0 Sell

Strong Buy

Current: 455.020

Low

360.00

Averages

475.88

High

550.00

Current: 455.020

Low

360.00

Averages

475.88

High

550.00

Barclays

John Babcock

Overweight

maintain

$465 -> $530

2026-01-21

New

Reason

Barclays

John Babcock

Price Target

$465 -> $530

AI Analysis

2026-01-21

New

maintain

Overweight

Reason

Barclays analyst John Babcock raised the firm's price target on Carvana to $530 from $465 and keeps an Overweight rating on the shares. The firm adjusted targets in the auto retail group as part of its Q4 outlook. It broadly lowered estimates across the sector on "soft" auto sales unit pressures. However, trade checks suggest the used vehicle market has good momentum, the analyst tells investors in a research note.

Morgan Stanley

Andrew Percoco

Overweight

maintain

$450 -> $750

2026-01-08

Reason

Morgan Stanley

Andrew Percoco

Price Target

$450 -> $750

2026-01-08

maintain

Overweight

Reason

Morgan Stanley analyst Andrew Percoco maintained an Overweight rating and $450 price target on Carvana, but boosted its bull case on the stock to $750, noting that the company's acquisition of four new car dealerships in December signal to the firm that Carvana is "readily expanding" its total addressable market, or TAM, beyond used cars. Morgan Stanley added that Carvana's proprietary software and physical infrastructure can enable advancements in both autonomous vehicles and electric vehicles.

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Wedbush

Scott Devitt

Outperform

maintain

$400 -> $500

2025-12-19

Reason

Wedbush

Scott Devitt

Price Target

$400 -> $500

2025-12-19

maintain

Outperform

Reason

Wedbush analyst Scott Devitt raised the firm's price target on Carvana to $500 from $400 and keeps an Outperform rating on the shares. Consumer internet companies delivered strong returns in 2025, averaging 23% across 24 covered companies versus 19% for the NASDAQ, the analyst tells investors in a research note. In 2026, performance is expected to diverge as investors weigh factors such as AV disruption, AI monetization, ongoing investment cycles, and growing adoption of agentic AI, the firm says.

BofA

Underperform

maintain

$27 -> $31

2025-12-19

Reason

BofA

Price Target

$27 -> $31

2025-12-19

maintain

Underperform

Reason

BofA raised the firm's price target on CarMax (KMX) to $31 from $27 and keeps an Underperform rating on the shares after the company reported "soft" fiscal Q3 results and provided a Q4 outlook that plans for the company to accelerate sales trends by increasing marketing spend and leaning into pricing. The firm, while "constructive" on CarMax's recovery plan and seeming lack of pressure in subprime, sees share loss to Carvana (CVNA) and the ongoing management transition as likely to weigh on sentiment.

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

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.