UBS has initiated coverage on Carvana Co (CVNA) with a Buy rating as of November 30, 2025. This marks the firm's first assessment of the company's investment potential based on its analysis of Carvana's business model and industry dynamics.
Carvana operates as a holding company and eCommerce platform, primarily engaged in the buying and selling of used cars. Headquartered in Tempe, Arizona, the company employs approximately 17,400 full-time staff and went public on April 28, 2017. Carvana's platform allows customers to browse, research, and purchase used vehicles online, featuring integrated financing options through its loan origination platform.
As of November 25, 2025, Carvana's market capitalisation stands at $67.4 billion, with a trailing twelve-month price-to-earnings ratio of 107.17 and earnings per share of 4.38. The company's upcoming earnings report is anticipated on July 28, 2026, with estimates of $1.89 per share on revenues of $6.4 billion.
Analyst ratings and price targets reflect professional opinions based on research and financial models. While these assessments provide useful insights, they are based on estimates that may not materialise as anticipated. Investment decisions should consider various factors, including company fundamentals and industry trends. Analyst views should serve as one of many inputs in the investment decision-making process.
Analyst consensus as of December 1, 2025, indicates a mix of 10 Strong Buy, 13 Buy, 7 Hold, 1 Sell, and no Strong Sell ratings, resulting in an overall consensus rating of Buy. Recent analyst actions include upgrades from Wedbush and Barclays, further highlighting the positive sentiment surrounding Carvana's prospects.