Carvana runs an online used-vehicle marketplace where customers buy, sell, and trade cars through a nationwide digital inventory and home delivery. It lets buyers complete the entire purchase process online from viewing listings to arranging delivery, with features such as a 7-day money-back guarantee. Selling or trading a vehicle is done online in seconds, streamlining the process with instant offers and vehicle pickup or drop-off options. The service relies on a strong emphasis on convenience and transparency, leveraging technology to simplify car transactions and provide a seamless ecommerce experience. Carvana differentiates itself from competitors by offering a fully online, end-to-end process with nationwide delivery, a no-hassle return policy, and quick online trade-in capabilities, backed by a customer-first approach. The company aims to make buying, selling, and trading cars as easy and transparent as possible for consumers.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Tempe, Arizona
Founded
2012
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Carvana grew revenue 52% and sold 38% more retail cars in the second quarter of 2026, hitting company records. Despite this growth, the stock has fallen 15.1% over the past twelve months, underperforming the S&P 500's 17.1% return. The company trades at 28.7 times earnings, above the S&P 500's 21.5 multiple, whilst its operating margin of 8.9% trails the index's 18.5%. Management has identified inventory constraints, with supply expanding slower than sales for several months. Carvana forecast adjusted EBITDA between $2.7 billion and $3.0 billion for 2026, up from $2.24 billion last year. However, the stock has shown significant volatility during market downturns, falling 42% during the 2025 tariff shock compared to the S&P 500's 19% decline.
Meta's Muse AI agent can browse websites, fill out forms, and negotiate on behalf of car buyers. Morgan Stanley believes this technology could significantly impact auto retail, as cars are expensive, bought infrequently, and difficult to compare. In a 28 September report, analysts led by Daniela Haigian identified Carvana as the best-positioned auto retailer for the AI agent era. Whilst AI agents can find and compare vehicles, they cannot inspect, recondition, transport, or deliver cars. Morgan Stanley argues Carvana's national inventory, inspection centres, reconditioning facilities, and logistics network become more valuable when AI agents handle initial search and comparison work. The bank expects price, available inventory, and transaction efficiency to matter more as agents automate early shopping stages. Franchise dealers may face increased pressure from this shift.
Carvana's stock rose 5% to $63.62 on 29 September 2026, following a Jefferies report showing approximately 40% unit growth in early September. The online car dealer benefited from a broader sector rally after CarMax posted better-than-expected quarterly results. Jefferies data indicates Carvana's unit growth rebounded from 23% in early July to 41% in August, driven by expanded reconditioning capacity and new productivity software. The firm forecasts roughly 35% third-quarter unit growth. Carvana's second-quarter adjusted EBITDA reached a record $769 million, though margins fell to 10.43% from 12.42% year-on-year. The company expects full-year margins around 9% to 10%, below 2025's 11%. Third-quarter results are expected in late October, with consensus revenue forecasts of $7.6 billion.
Why is Carvana stock sliding today? Published Sep 28, 2026, 11:15 AM (C) Reuters. Investing.com - Carvana Co. stock slid 5.7% in morning trading to trade at $61.33, pressured by a toxic mix of unresolved company-specific overhang and a risk-off session across U.S. equity markets, with no fresh positive catalyst available to stem the selling. The move pushes shares closer to their 52-week low of $54.46, a level that underscores just how far the stock has retreated from its 52-week peak of $97.38 reached in January 2026. The most persistent cloud over Carvana in 2026 has been a federal investigation into billionaire Mark Walter, who indirectly controls a meaningful stake in the company's Class B common stock. Prosecutors and the SEC have been scrutinizing whether certain financial relationships were concealed while billions moved through insurance entities tied to his empire, stoking investor fears about potential forced liquidation of his Carvana position. Separately, a short-seller report earlier in the year alleging accounting irregularities tied to related-party transactions triggered a securities fraud investigation, further eroding confidence in the stock. On the macro front, the broader market is under pressure today, with the S&P 500 off 0.8%, the Dow down 0.7%, and the Nasdaq declining 0.9%. For a stock with a beta as elevated as Carvana's - historically ranging between 2.8 and 3.5 - a down day for the major indices tends to translate into an outsized decline. The consumer discretionary sector, where Carvana competes alongside peers such as CarMax and AutoNation, has broadly underperformed the market in 2026 amid concerns about high interest rates squeezing demand for large-ticket purchases like used vehicles. -4.59 (-7.06%) Closed · 15:59:59 · USD +0.33 (+0.55%) After Hours · 15:15:45 Start trading CVNA now Taken together, today's decline reflects the compounding effect of a high-beta stock carrying unresolved legal and regulatory risk into a weak tape. With the next earnings report expected around late October 2026, investors appear reluctant to add exposure ahead of what could be a pivotal quarter for management to reassure the market, leaving CVNA vulnerable to further selling pressure in the near term. Where's the stop-loss on CVNA? Most traders can read a chart. The hard part is committing: the entry window is open, the pattern is forming, and you're still waiting for confirmation. Our Vision AI literally sees your CVNA chart and returns a complete trade plan - entry, stop-loss, and profit target - in under 60 seconds. Stop guessing where the stop goes.
Carvana announces major Charlotte expansion - creating at least 100 new jobs. September 18, 2026 Carvana is expanding its southwest Charlotte operations and plans to create about 100 new jobs at its existing facility. The online car retailer will add Inspection and Reconditioning Center capabilities to its ADESA Charlotte wholesale auction site. Carvana has already started hiring workers at the Fruehauf Drive property. "ADESA Charlotte has been an important part of the local community for more than 30 years, and we're excited to build on that foundation by bringing new capabilities and jobs to the site," said Brian Boyd, Senior Vice President of Inventory at the company, in a press release. "This integration will strengthen our national network while improving selection and delivery speed for North Carolina customers, strengthening our offering for our wholesale customers, and creating new opportunities for our growing Charlotte team." The new positions will include vehicle inspection, reconditioning and fulfillment roles. Many jobs will not require a college degree and will include benefits. The facility has served wholesale auto auction customers for more than 30 years. Now, it will also support Carvana's retail reconditioning and delivery operations. The 50-acre site includes nearly 4,000 parking spaces and already has infrastructure needed for the expansion. Wholesale auction activity will continue alongside the new operations. Carvana says the expansion will also improve service for North Carolina customers. The site will add another inventory pool to the company's national network. That could mean faster vehicle deliveries across the Charlotte region. Some customers may even qualify for same-day delivery. The expansion allows Carvana to add jobs and vehicle capacity without building an entirely new facility. It also strengthens the company's growing presence in the Charlotte market.