Carvana Co. (NYSE:CVNA) has reached a new peak, with its stock touching a 52-week high of $352.12, pushing its market capitalization to approximately $75.6 billion. This milestone marks a dramatic rebound for the online used-car retailer, whose share price has skyrocketed by nearly 186% over the past 12 months.
The surge reflects growing investor enthusiasm for Carvana’s performance and strategy. The company reported a 32.2% increase in revenue alongside solid gross margins of 21.7%, reinforcing its financial stability amid a challenging automotive market. Carvana’s tech-driven, direct-to-consumer model continues to gain traction as it reshapes how people buy used vehicles online.
Analysts have taken notice. Stephens recently raised its price target for Carvana to $375, citing an expected 45% jump in second-quarter unit sales—outpacing both internal projections and broader Wall Street estimates. The firm also adjusted its forecasts for EBITDA and earnings per share, pointing to improved pricing dynamics and a focus on younger vehicle inventory.
Jefferies also responded to the company’s momentum, increasing its price target to $325. Their data-driven analysis, based on web scraping insights, indicates retail unit growth of roughly 47% year-over-year in Q2. BofA Securities echoed the optimism, maintaining a Buy rating while boosting its price target to $375. Analysts there believe Carvana could benefit from shifting consumer preferences toward used vehicles and possible regulatory changes, including tax deductions on car loan interest.
Citizens JMP reiterated its Market Outperform rating, citing Carvana’s scalability and strategic position in the growing auto e-commerce landscape. The collective bullish sentiment from the analyst community highlights broader confidence in Carvana’s ability to sustain its growth trajectory and expand its footprint in the used car market.