JPMorgan Raises Carvana (CVNA) PT, Keeps Overweight Rating

Carvana Co. (NYSE:CVNA) is one of the 11 Best Revenue Growth Stocks to Buy Now. On July 31, JPMorgan increased the price target for Carvana Co. (NYSE:CVNA) from $350 to $415 while keeping an Overweight rating.

This decision came after the company reported Q2 2025 results, which JPMorgan said were “well ahead of expectations.” Carvana Co. (NYSE:CVNA) reported an adjusted EBITDA of $601 million, which was above the firm’s estimate of $530 million and the consensus estimate.

Carvana Co. (NYSE:CVNA) sold more than 143,000 retail units in Q2 2025, which is a year-over-year increase of 41%. JPMorgan pointed out that this growth was about 35 percentage points higher than the industry average.

Due to this strong Q2 performance, the firm increased its EBITDA estimates for Carvana Co. (NYSE:CVNA) to $2,245 million for 2025 and $2,975 million for 2026.

Carvana Co. (NYSE:CVNA) operates a platform for buying and selling used cars. It allows customers to browse, research, and purchase vehicles online. The company offers services like financing, trade-ins, and delivery.

While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.