JPMorgan Keeps an Overweight Rating on Carvana Co. (CVNA)

Carvana Co. (NYSE:CVNA) is one of the 9 Best Auto and Truck Dealership Stocks to Buy Now. On April 9, 2026, JPMorgan decreased Carvana Co. (NYSE:CVNA)’s price objective from $490 to $455 while keeping an Overweight rating. The firm cut its forecasts due to lower March demand and margin pressure from rising fuel costs, stressing retail gross profit per unit as a major investor focus.

Carvana Co. (NYSE:CVNA) declared fourth-quarter and full-year 2025 performance, with record full-year sales of $20.3 billion, a 49% increase, net income of $1.9 billion, and adjusted EBITDA of $2.2 billion. The corporation sold 596,641 retail units, up 43%, for Q4 sales of $5.603 billion and net income of $951 million. CEO Ernie Garcia stated that the firm achieved record unit economics and expanded capacities. The firm anticipates substantial growth in retail units sold and adjusted EBITDA in 2026, with both indicators showing consecutive gains in the first quarter.

JPMorgan Keeps an Overweight Rating on Carvana Co. (CVNA)

Carvana Co. (NYSE:CVNA) is a holding company and an e-commerce platform. It specializes in the purchase and sale of used vehicles.

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