Argus Research has initiated coverage on Carvana Co (CVNA) with a Buy rating, marking the firm's first assessment of the company's investment potential. This decision reflects an analysis of Carvana's business model, industry dynamics, and growth prospects.
Carvana operates as a holding company and eCommerce platform focused on the buying and selling of used cars. Headquartered in Tempe, Arizona, the company employs approximately 17,400 full-time staff. Since its IPO on April 28, 2017, Carvana has established a robust logistics network to transport vehicles to its inspection and reconditioning centers, enhancing its inventory management capabilities. The company's mobile-optimized website allows prospective buyers to browse, research, and finance their vehicle purchases seamlessly.
As of December 4, 2025, Carvana holds a market capitalization of $85.6 billion, with a P/E ratio of 136.16 and an EPS of 4.38. Upcoming earnings reports are anticipated on July 28, 2026, with estimates of $2.02 EPS and $6.4 billion in revenue, and on May 5, 2026, with estimates of $1.58 EPS and $5.8 billion in revenue. Recent performance has shown variability, with a Q3 2025 EPS of $1.03 against an estimate of $1.29, reflecting a 19.9% surprise.
Analyst ratings typically provide insights based on comprehensive research and financial modelling. However, they are subject to change as new information emerges. Therefore, while the Buy rating from Argus Research may inform investment considerations, it should be viewed in conjunction with other factors such as company fundamentals and market conditions.