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Carvana Co. (NYSE:CVNA) is one of the best multibagger stocks according to hedge funds. On July 25, 2025, Oppenheimer analyst ...
Carvana, an industry pioneer for buying and selling used cars online, today released an EV Trends Report for Q1 2024. Used EV sales are poised for significant growth: whereas EVs made up 7.6% of ...
CarMax, which sells vehicles both online and in-person, may also be in for a strong second half of the year, argued Michael ...
Chris Pierce’s rating is based on several optimistic trends observed in the used auto market that are anticipated to benefit Carvana Co. He notes that the used retail sales remain robust, and ...
Carvana saw used EV sales grow as average prices drop The most significant metric we want to point out from Carvana’s Q1 EV trends report is the increase of all-electric models in its sales mix ...
Carvana's tool Carlypso should offer a strong competitive advantage over industry peers. Strong cost reduction, improved profitability and the Fed looking to cut interest rates are other positives.
What happenedShares of Carvana (NYSE: CVNA) have bucked the broader market trend this week, rising 20.4% from where they closed last Friday, according to data from S&P Global Market Intelligence.
The report shows that Carvana’s EV sales mix leads the used vehicle market as a whole, with 5.7% of its sales coming from EVs in 2024, compared to just 1.3% for the overall used car market.
Carvana’s used EV sales mix is reaching new highs as affordability improves, increasing to 4.3% of Carvana’s total sales in Q1 2024.
And the risks to Carvana stock are the kind of risks that haven’t played out elsewhere in the market. The stock is expensive on a revenue basis, and not profitable (or close).
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