Carvana Co (NYSE:CVNA) has achieved a notable milestone, with its stock price climbing to a 52-week high of $323.21. The company’s market value now stands at approximately $69.5 billion, reflecting solid underlying fundamentals. Over the past year, Carvana’s stock has soared more than 212%, signaling heightened investor confidence in its business strategy and expansion potential.
The online used-car marketplace has posted a 32% increase in revenue, with analysts projecting further growth of around 30% in 2025. This momentum comes as Carvana continues to capitalize on its operational efficiencies and expanding customer base.
In the wake of its strong quarterly results, several investment firms have revised their price targets upward. RBC Capital Markets now values Carvana shares at $340, highlighting the company’s effective management of gross profit per vehicle and fixed costs. Similarly, Piper Sandler raised its target to $315, praising Carvana’s transparent growth outlook and operating leverage. Needham also holds a bullish view, maintaining a $340 target based on Carvana’s robust market positioning.
Morgan Stanley has set a price target of $290, reflecting confidence in Carvana’s ongoing growth trajectory and competitive stance. Meanwhile, DA Davidson kept a Neutral rating but acknowledged Carvana’s strong earnings performance with a $260 price target.
Analysts broadly recognize Carvana’s ability to outperform financial expectations and widen its lead over rivals. These developments reinforce the positive sentiment surrounding the company’s prospects for sustained profitability in the used car retail sector.