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, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVNA and that has a 100x upside potential, check out our report about the cheapest AI stock.

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