Fintel reports that on October 1, 2025, Jefferies upgraded their outlook for Carvana (NYSE:CVNA) from Hold to Buy.
Analyst Price Forecast Suggests 9.75% Upside
As of September 30, 2025, the average one-year price target for Carvana is $414.02/share. The forecasts range from a low of $232.30 to a high of $525.00. The average price target represents an increase of 9.75% from its latest reported closing price of $377.24 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Carvana is 18,373MM, an increase of 12.90%. The projected annual non-GAAP EPS is -6.83.
What is the Fund Sentiment?
There are 1,418 funds or institutions reporting positions in Carvana. This is an increase of 207 owner(s) or 17.09% in the last quarter. Average portfolio weight of all funds dedicated to CVNA is 0.78%, an increase of 2.02%. Total shares owned by institutions increased in the last three months by 12.55% to 148,035K shares. 
The put/call ratio of CVNA is 1.02, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 16,192K shares representing 11.73% ownership of the company. In its prior filing, the firm reported owning 14,950K shares , representing an increase of 7.67%. The firm increased its portfolio allocation in CVNA by 60.48% over the last quarter.
TRBCX - T. Rowe Price Blue Chip Growth Fund holds 5,959K shares representing 4.32% ownership of the company. In its prior filing, the firm reported owning 5,953K shares , representing an increase of 0.09%. The firm increased its portfolio allocation in CVNA by 40.04% over the last quarter.
Greenoaks Capital Partners holds 5,658K shares representing 4.10% ownership of the company. In its prior filing, the firm reported owning 5,865K shares , representing a decrease of 3.66%. The firm increased its portfolio allocation in CVNA by 5.45% over the last quarter.
CAS Investment Partners holds 4,922K shares representing 3.56% ownership of the company. In its prior filing, the firm reported owning 5,685K shares , representing a decrease of 15.50%. The firm increased its portfolio allocation in CVNA by 4.70% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,126K shares representing 2.99% ownership of the company. In its prior filing, the firm reported owning 4,023K shares , representing an increase of 2.49%. The firm increased its portfolio allocation in CVNA by 47.46% over the last quarter.
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