how much is carvana stock — A 2026 Market Analysis

Current Carvana Stock Price

As of mid-February 2026, Carvana Co. (CVNA) has experienced significant price volatility. Trading data from February 13, 2026, shows the stock fluctuating between a daily low of $336.11 and a high of $351.15. By February 19, 2026, the price settled near $361.53, reflecting a sharp decline from its January peak. Earlier in the year, the stock reached as high as $486.89, marking a period of intense market interest before a recent correction took hold.

The company currently maintains a market capitalization of approximately $70.61 billion. Trading volume remains active, with recent sessions recording around 2.8 million shares exchanged, slightly below the average daily volume of 3.92 million. This pricing data indicates that while the stock has retreated from its yearly highs, it remains substantially higher than its historical lows of $148.25 seen over the past twelve months.

Analyst Price Target Forecasts

Wall Street analysts maintain a generally bullish outlook on Carvana despite recent price drops. A consensus of 43 analysts suggests a median price target of $500.00 for the coming year. The range of these predictions is broad, with the most optimistic analysts forecasting a climb to $600.00, while more conservative estimates place the floor at $330.00.

Short-Term Price Expectations

In the immediate term, some financial researchers have set a target of $461.38. This figure represents a potential recovery toward previous levels seen in January 2026. However, market sentiment has been dampened by recent earnings reports and external research allegations, leading to a "Hold" or "Buy" consensus rather than a unanimous "Strong Buy."

Long-Term 2027 Projections

Looking further ahead toward the end of 2027, some aggressive projections suggest the stock could reach as high as $671.00. These forecasts assume that Carvana will successfully normalize its profitability and continue to expand its market share in the used car e-commerce sector. Investors often track these long-term targets to gauge the potential return on investment over a multi-year horizon.

Recent Financial Performance Metrics

Carvana's stock price is heavily influenced by its quarterly earnings results. In the fourth quarter of 2025, the company reported mixed financial health. While revenue showed a sharp jump, profit metrics missed several key analyst estimates. Specifically, the adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) came in at $511 million, falling short of the $535.7 million expected by the market.

Metric	Reported Value (Q4 2025)	Market Expectation
Adjusted EBITDA	$511 Million	$535.7 Million
EBITDA Margin	10.1%	10.4%
Recent Stock High	$486.89	N/A
Current Price (Feb 19)	$361.53	N/A

Factors Impacting Stock Value

Several macroeconomic and company-specific factors are currently driving the price of CVNA. Understanding these variables is essential for investors trying to determine if the current price represents a buying opportunity or a risk. The used car market is highly sensitive to interest rates and consumer credit availability, both of which have fluctuated throughout early 2026.

Rising Used Car Prices

While higher used car prices can lead to higher revenue per unit, they also threaten Carvana's competitive edge. If prices rise too quickly, consumer demand may soften, leading to lower sales volumes. Analysts have noted that the erosion of Carvana's price advantage over traditional dealerships is a primary concern for the stock's performance in the first half of 2026.

Interest Rate Pressures

As a company that relies on financing for many of its sales, Carvana is sensitive to interest rate hikes. Higher rates increase the monthly payments for car buyers, which can reduce the total addressable market. Furthermore, higher rates increase the cost of capital for the company, impacting its ability to fund its massive inventory of used vehicles.

Market Risks and Challenges

The stock has recently faced downward pressure due to external reports and internal guidance. In January 2026, a report from Gotham City Research alleged that the company had not fully disclosed certain expenses related to its business partners. While the company has moved to expand services, such as same-day delivery in new regions like Eugene, investor confidence has been tested by these allegations.

Additionally, the company's outlook for the first quarter of 2026 was described by some market observers as "vague." Although CEO Ernie Garcia III expressed expectations for significant growth in retail units sold, the lack of specific numerical guidance led to a 15% drop in after-hours trading following the earnings announcement. This uncertainty often leads to increased volatility as traders wait for more concrete data.

Investment and Trading Context

For those looking at the broader financial markets, Carvana represents a high-beta asset, meaning it often moves more dramatically than the general market. Investors who prefer digital assets or high-growth stocks often compare the volatility of equities like CVNA to the crypto markets. For instance, those interested in high-frequency movements might monitor the BTC-USDT">WEEX spot trading link to compare equity market trends with digital currency performance.

The registration process for modern trading platforms has become streamlined to accommodate this fast-paced environment. For example, users can access various markets through the WEEX registration link to diversify their portfolios across different asset classes. Understanding the correlation between tech-heavy stocks and digital assets is a common strategy for 2026 investors.

Future Outlook for 2026

The path forward for Carvana depends on its ability to meet its growth targets for the remainder of 2026. The company is focusing on operational efficiency and the expansion of its same-day vehicle delivery platform. If the environment remains stable, the company expects a sequential increase in both retail units sold and adjusted EBITDA throughout the year.

Investors are closely watching the $330.00 support level. If the stock holds above this price, it may validate the bullish consensus of the 18 analysts who currently rate the stock as a "Buy." Conversely, if macroeconomic conditions worsen or if used car demand falls sharply, the stock could test the lower bounds of analyst predictions. As of February 19, 2026, the market remains in a "wait and see" mode following the recent 24% price correction.