Carvana: Stephens & Co. Maintains Overweight, Raises PT to $375.

Carvana: Stephens & Co. Maintains Overweight, Raises PT to $375.

In a recent update, Stephens & Co. has maintained its Overweight rating on Carvana (NYSE: CVNA) stock while raising the price target to $375.00 [3]. The decision comes after the company's impressive performance in the second quarter, which exceeded both Stephens' and Wall Street's estimates.

Stephens' analysts cited several encouraging factors, including better-than-expected unit sales growth and a significant increase in average list and sales prices. The company's average list price rose by 8.9%, while the average sales price increased by 4.2%. Additionally, the average vehicle age decreased to 5.4 years, reflecting a younger inventory [3].

The firm also raised its second-quarter 2025 EBITDA estimate to $593 million from $540 million and its EPS forecast to $1.39 from $1.20. These projections are higher than Street expectations, indicating a positive outlook for Carvana's financial performance [3].

Carvana's stock has delivered a remarkable 172% return over the past year and currently trades at $348.33, with a perfect Piotroski Score of 9. The new price target represents a multiple of 32 times Stephens’ next-twelve-month EBITDA estimate for Carvana [3].

In addition to Stephens' update, other analysts have shown interest in Carvana's performance. BofA Securities increased its price target for Carvana shares to $375, maintaining a Buy rating, while Jefferies raised its target to $325, highlighting potential market share gains and a shift from new to used cars. Citizens JMP reiterated a Market Outperform rating for Carvana, emphasizing its technology-driven growth potential and increasing scale [3].

Carvana's next earnings report is scheduled for July 30, 2025. Investors and financial professionals should closely monitor these updates to assess the company's future prospects.

References:
[1] https://www.benzinga.com/news/25/07/46220444/msc-industrial-direct-analysts-boost-their-forecasts-after-upbeat-q3-results
[2] https://www.streetinsider.com/news.php?classic=1&id=25020531
[3] https://uk.investing.com/news/analyst-ratings/stephens-raises-carvana-stock-price-target-to-375-on-better-unit-sales-93CH-4159017