Carvana Co Used Car Stocks In USA 2025: The automotive industry is starting to shift gears this year as supply chains continue to improve and the worldwide rate-cut cycle stimulates more demand. In addition, Trump’s election is also changing things with loosened regulations helping legacy automotive companies, and tariffs helping domestic companies, though it hurts companies abroad.
Regardless, the electrification megatrend has continued, and electric vehicle shipments are projected to surge by 17% this year. Also, the European automotive sector is showing signs of recovery with a projected 2.1% growth.
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Carvana Co Used Car Stocks In USA 2025: Number of Hedge Fund Holders In Q3 2024
Carvana Co (NYSE: CVNA) is an e-commerce platform for buying and selling used cars.
The stock has been surging year-to-date, especially after JPMorgan’s bullish $350 price target. It cited a $4 billion deal with Ally Financial to sell auto loans.
Moreover, the company has solid EBITDA momentum. Its Q3 2024 results beat expectations by solid margins. It reported $0.64 against a $0.25 estimate. Revenue also trounced expectations and came in at $3.65 billion vs. a $3.45 billion forecast.
Analysts are very optimistic about the upcoming Q4 reports. Analysts expect $0.32 in EPS and $3.35 billion in revenue, which implies 38% growth year-over-year.
Carvana Co Used Car Stocks In USA 2025: Stock is up 33.33% year-to-date.
Overall, CVNA ranks 2nd on our list of automotive stocks that are skyrocketing so far in 2025. 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 doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVNA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Carvana Co Used Car Stocks In USA 2025: Top 10 Things You Need To Know
- Carvana is a $44 billion car e-tailer headquartered in Tempe, Arizona.
- The online car sales company was founded in 2012 and is led by co-founder, Chairman, and CEO, Ernest Garcia III.
- Carvana’s main business is an online platform that allows retail customers to buy and sell used cars, which accounts for around percent of its total revenue, per the company’s latest quarterly report, the Hindenberg report said.
- Carvana offers financing, insurance, CEE, and other services such as car protection plans.
- Besides its main business, Carvanalshasas has a wholesale auction business, called ADESA, which it acquired in May 2022. ADESA has 56 locations where registered auto dealers can participate in auctions, either virtually or on-site. Carvana also acquires vehicles in these auctions.
- Carvana sources its roots in a used-car dealership chain called DriveTime, which was by Ernest Garcia II, a key Carvana shareholder. Garcia was convicted of bank fraud in 1990 after pleading guilty to helping a company report fake accounting income through sham transactions.
- His son, Ernest Garcia III, aka Ernie, has been the CEO of Carvana since its inception.
- Carvana went public on the New York Stock Exchange (NYSE) through a direct listing route on April 28, 2017. Its market capitalization at present is around $44 billion.
- Carvana now operates at scale, having expanded its presence to cover 81.1 percenoff the US population, according to the Hindenberg report.
- As per data available till September 30, 2024, Carvana had more than 45,000 vehicles available for sale on its website.
Bhakti Rawat is a Founder & Writer of InsureMyCar360.com. This site Provides You with Information Related To the Best Auto Insurance Updates & comparisons. 🔗