Carvana (US:CVNA) Youtubeยท2025-10-01 16:00Core Viewpoint - Carvana's stock has experienced significant growth, trading over $375 per share, up from below $4 in December 2022, following an upgrade from Jeffre [1][3][4] Company Performance - Carvana shares are currently trading at approximately $387.62, reflecting a 3% increase after the upgrade [3] - Jeffre upgraded Carvana from "buy" to "hold" with a new price target of $475, an increase of nearly 25% from the previous target of $385 [3][4] Market Position - Carvana currently holds about 2% of the U.S. used car market, indicating substantial room for growth as consumer preferences shift towards online purchasing [5][6][7] - A survey indicated that one-third of U.S. adults prefer to buy or sell vehicles online, supporting the belief that Carvana is well-positioned to capture more market share [6][7] Financial Projections - Jeffre raised its 2027 revenue and EBITDA estimates for Carvana by 15% and 12% above consensus estimates, respectively, based on consumer surveys and proprietary analysis [5] - The new price target implies a 28 times EV/EBITDA multiple on the 2027 estimates, reflecting a 25% premium to growth-adjusted multiples [5]