5 Best Stocks to Invest in Under $100

2. Carvana Co. (NYSE:CVNA)

Number of Hedge Fund Holders: 79

Carvana Co. (NYSE:CVNA) is one of the best stocks to invest in under $100. On July 7, Carvana officially introduced same-day vehicle delivery for residents in the greater Milwaukee area. This service allows eligible local customers to receive their purchased vehicles on the same day they place an order, while those looking to sell their cars can also utilize expedited same-day pickup and drop-off options.

The expansion is supported by Carvana’s first-party logistics network and enhanced capabilities at its nearby Chicago facility. As part of a broader national rollout, the company plans to continue scaling this service across more states to increase speed and convenience for customers throughout the region.

Furthermore, on June 12, RBC Capital maintained an Outperform rating on Carvana Co. (NYSE:CVNA) while lowering its price target to $85 from $92. The firm updated its retail unit cohort model, suggesting that market share growth expectations currently embedded in Street estimates for fiscal years 2026 and 2027 appear more aggressive than in previous years.

Carvana Co. (NYSE:CVNA) operates an e-commerce platform for buying and selling used cars. The company is based in Tempe, Arizona, and was founded in 2012 by Ernest Garcia III, Benjamin Huston, and Ryan Keeton.

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