Investors need to pay close attention to CVNA stock based on the movements in the options market lately.
The latest trading day saw Carvana (CVNA) settling at $64.83, representing a -2.76% change from its previous close.
Carvana Co. (NYSE:CVNA) may see slower retail unit growth in the second quarter, according to Jefferies analysts, though the firm maintained its Buy rating and $95 price target, citing confidence in the company's longer-term outlook. This price target implies upside from current levels of about $65.
FMX, SVM, ORN, CVNA and WTTR have been added to the Zacks Rank #1 (Strong Buy) List on June 22nd, 2026.
Carvana Co (NYSE:CVNA) stock is down 7.6% to trade at $64.71 today, weighed down by CarMax's (KMX) earnings report that detailed used-car market softness and subprime auto risks.
Here are five key things investors need to know to start the trading day.
Carvana, which is known for selling used cars, is using a location in Dallas to test its journey into new vehicle sales. The Dallas location doesn't work like a normal franchised dealership that sells new cars, but rather has test-drive areas and a "playground" for consumers to decide what vehicle they would like to buy through Carvana's online platforms.
The online used-car company presented a radical plan for its stores.
Carvana is rated Buy with a 12-month price target of $80, reflecting strong operational execution and margin resilience. CVNA achieved record Q1 2026 results: 40% YoY retail unit growth, 52% revenue growth, and a 10.4% adjusted EBITDA margin, with net leverage at 1.1x. Operational improvements—AI-driven logistics, centralized reconditioning, and scale—are driving efficiency, with further margin upside as these roll out nationwide.
In the closing of the recent trading day, Carvana (CVNA) stood at $70.04, denoting a +1.65% move from the preceding trading day.
The average of price targets set by Wall Street analysts indicates a potential upside of 37% in Carvana (CVNA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Carvana, known for dominating used car sales in the U.S., has bought seven new vehicle franchises since last year that primarily sell Stellantis' Chrysler, Dodge, Jeep and Ram brands. Dealers and industry experts said the move could significantly disrupt, if not reshape, the new vehicle franchised dealer system.