BTIG Maintains Buy Rating on Carvana Co. (CVNA) Stock

Carvana Co. (NYSE:CVNA) is among the 10 Unstoppable Stocks to Buy and Hold for the Next 3 Years.

Carvana Co. (NYSE:CVNA) is one of the Unstoppable Stocks to Buy and Hold for the Next 3 Years. On February 22, analyst Marvin Fong from BTIG maintained a “Buy” rating on the company’s stock with the price objective of $455.00. This is backed by the company’s updated financial outlook as well as valuation framework.

The analyst marginally raised 2026 revenue forecasts. This comes after he adjusted ADESA Clear sales transitioning to the wholesale segment. Therefore, Fong now expects increased wholesale unit volumes together with a corresponding increase in adjusted EBITDA for Q1 2026 and FY 2026.

While the revisions are incremental, they also reinforce the analyst’s stance that Carvana Co. (NYSE:CVNA)’s earnings power has been improving, thereby supporting a premium multiple on future profitability. The analyst’s price objective was derived by applying a 29x multiple to the 2027 adjusted EBITDA estimate.

In a separate release, Carvana Co. (NYSE:CVNA) released financial results for Q4 2025 and FY 2025, with the company selling 596,641 retail units, reflecting a rise of 43% YoY to reach a record total annual revenue of $20.322 billion, up 49% YoY.

Carvana Co. (NYSE:CVNA) operates an e-commerce platform for buying and selling used cars.

We recently covered that UBS reduced its target price on Carvana (CVNA) stock, you can read that update here.

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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