With a strong profitability outlook, Carvana Co. (NYSE:CVNA) secures a spot on our list of the 14 Stocks That Will Double in the Next 5 Years.
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On September 25, 2025, Carvana Co. CEO Ernest C. Garcia III, through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, indirectly sold $3.73 million worth of Class A Common Stock at prices ranging from $369.30 to $378.39. After these trades, Garcia directly owns 921,926 shares, while the trusts own 401,440 and 501,440 shares, respectively.
Building on JPMorgan’s September 17 upgrade, Carvana Co. raised its price target to $425 with an Overweight rating, citing robust asset-backed securities markets, strong fundamentals, and solid second-quarter performance. Despite challenges such as AI model proliferation, the Amazon/Hertz partnership, an ongoing SEC investigation, and recent bankruptcy developments, Carvana continues to expand market share, maintain capacity growth, and strengthen its balance sheet.
Together with its subsidiaries, Carvana Co. operates an online marketplace for buying and selling used automobiles in the U.S. It offers financing, logistics, supplementary products, vehicle acquisition, inspection and reconditioning, online search and shopping, and customer support services after the sale. It is one of the Stocks That Will Double.
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