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Investing.com - JMP Securities has raised its price target on Carvana (NYSE:CVNA) to $460 from $440 while maintaining a Market Outperform rating following the company’s strong second-quarter 2025 results. According to InvestingPro data, the stock has already delivered an impressive 64% return year-to-date, though current valuations suggest it may be slightly overvalued.
The online used car retailer reported revenue and EBITDA that exceeded consensus expectations by 6% and 9%, respectively, according to JMP Securities. The company’s financial health appears robust, with a perfect Piotroski Score of 9 and strong liquidity metrics, as revealed by InvestingPro analysis.
JMP Securities noted that Carvana captured 1.5% of the used car market in the second quarter, with the firm attributing these market share gains to the company’s improved customer experience.
The investment firm highlighted that Carvana’s scale is further enhancing its customer experience, with vehicle selection increasing by 50% year-over-year while delivery times decreased by nearly a day compared to the same period last year.
JMP Securities believes there is "a viable path to beyond 3M retail units" for Carvana, supporting its decision to maintain the Market Outperform rating while raising the price target.
In other recent news, Carvana Co. reported its second-quarter 2025 earnings, which exceeded Wall Street expectations. The company achieved a revenue of $4.84 billion, marking a 42% increase compared to the previous year. Additionally, Carvana’s earnings per share also surpassed analyst forecasts. These results reflect the company’s strategic emphasis on operational efficiency and market expansion. The positive earnings report contributed to a favorable response in the market. While analysts did not provide upgrades or downgrades in this update, the earnings performance itself is noteworthy. Carvana’s recent developments highlight its ongoing efforts to strengthen its financial position.
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