Barclays has initiated coverage on Carvana Co (CVNA) with an Overweight rating, marking its first assessment of the company. This decision reflects the firm's analysis of Carvana's business model, industry dynamics, and growth potential.
Headquartered in Tempe, Arizona, Carvana operates as an eCommerce platform for buying and selling used cars. The company employs approximately 17,400 full-time staff and went public on April 28, 2017. With a market capitalisation of $69.3 billion, Carvana currently reports a price-to-earnings ratio (P/E) of 110.24 and earnings per share (EPS) of 4.38.
The firm has upcoming earnings reports scheduled for July 27, 2026, with estimated EPS of $1.85 and revenue of $6.2 billion, and May 4, 2026, with EPS estimated at $1.56 and revenue of $5.8 billion.
Analyst ratings, such as this one from Barclays, provide perspectives based on research and financial models. While these assessments can be insightful, they are based on assumptions that may not always hold true. Investors should weigh various factors, including company fundamentals and industry trends, when making decisions. Analyst opinions should be considered among multiple inputs rather than the sole basis for investment choices.
Analyst consensus remains positive, with 9 Strong Buy, 11 Buy, 8 Hold, and 1 Sell ratings recorded as of November 1, 2025. Recent analyst actions include Barclays' initiation to Overweight on November 12, 2025, following a disappointing Q3 earnings report on November 8, 2025.