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/CVNA
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Carvana Co

Carvana Co

CVNA
$67.34USD↓-4.70%-3.32 today

MARKET CAP

73.9B

P/E (TTM)

66.5x

FWD P/E

16.7x

DAY RANGE

$67 – $70

52W RANGE

$54
$97

AI Summary

Stalk
StalkMedium

CVNA is in a Stage 2 corrective advance within its long-term uptrend, exhibiting a bullish medium-term bias supported by rising EMAs and constructive corrective structure. However, short-term price action is sideways around the EMA and 50DMA zone with no clear execution edge, so under a Momentum + EPS framework we defer execution and stalk for a shallow pullback into the rising 9/21EMA or 50DMA to participate in the advance.

  • ↑43% YoY retail unit growth to 596,641 vehicles; targeting 3M units
  • ↑Q1 ’26 revenue $6.43B (+52% YoY); adjusted EBITDA $672M (+38% YoY)
  • ↓Net income margin slid to 6.3% from 8.8%; negative book-to-price ratio signals valuation risk
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Carvana Co. (NASDAQ: CVNA) is a pioneering online automotive retailer that revolutionizes the car buying and selling experience. The company operates in the fragmented used car market, leveraging technology to streamline the purchasing process through direct-to-consumer sales and home delivery options. With a focus on operational efficiency and customer experience, Carvana is well-positioned in a competitive landscape while aiming for substantial scale and market share growth.

Bull says

  • ↑43% YoY retail unit growth to 596,641 vehicles; targeting 3M units
  • ↑Q1 ’26 revenue $6.43B (+52% YoY); adjusted EBITDA $672M (+38% YoY)
  • ↑GAAP operating income $581M; adj. EBITDA margin 10.4% highlights strong profitability
  • ↑Analysts rate a strong buy; Q2 EPS $0.42 and $93.71 average price target
  • ↑Strategic tech investments enhance logistics and customer experience
  • ↑High institutional ownership reflects confidence; robust growth and profitability factors

Bear says

  • ↓Net income margin slid to 6.3% from 8.8%; negative book-to-price ratio signals valuation risk
  • ↓Elevated share volatility risks abrupt downside swings
  • ↓High short interest underscores investor skepticism and downside pressure
  • ↓Rising fuel prices and inflation could inflate logistics costs and squeeze margins
  • ↓Rapid scaling adds execution complexity in a complex operational model
  • ↓Consumer affordability concerns may curb demand amid rising costs

Investment themes with CVNA

eTailing↑ +0.56%

Online retail and e-commerce platforms

FIGS · LQDT · CVNA
High Beta↓ -0.12%

Stocks with high volatility relative to market

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Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-30-2026neutral

Transcript signals

Bull points

  • Q1 was a strong quarter driven by our team's continued focus on profitable growth and strong execution.
  • We set new company records for retail units sold, revenue, gross profit, SG&A expense per retail unit sold, GAAP operating income, and adjusted EBITDA.
  • Retail units sold totaled 187,393 in Q1, an increase of 40%, and a new company record.

Bear points

  • Non-GAAP retail GPU decreased by $58, primarily driven by higher non-vehicle costs and lower shipping fees.
  • Looking ahead to Q2, we expect retail GPU to increase sequentially, but to decrease year-over-year due to approximately $100 of tariff-related benefits last year, lower shipping fees, and higher non-vehicle costs this year.
  • Net income margin was 6.3%, a decrease from 8.8%.
Read full transcript analysis ›