Carvana shares climbed to their highest level in the past 12 months on Friday, with daily trading volume exceeding 630,000 shares. This marks the second time this quarter that the stock has vaulted past previous peaks, reflecting renewed investor interest in the company’s digital retail model.

Over the past three months, five major research firms have revised forecasts on Carvana, with three raising their outlooks and two affirming their stance. Stephens and BTIG upgraded to overweight and buy ratings respectively, while Evercore ISI and RBC maintained in-line and outperform views. As of mid-January, 19 analysts recommend buy and six recommend hold, producing a consensus rating of Moderate Buy on MarketBeat data.

Carvana’s market capitalization stands above $100 billion, with a trailing P/E near 108 and a P/E/G of roughly 1.14. The company reported Q3 revenue growth of over 50% year-over-year to more than $5.6 billion, though EPS missed consensus by $0.26. Its 50-day and 200-day moving averages are approximately $420 and $376 respectively, indicating a strong upward momentum over both intermediate and longer-term horizons.

Insiders have sold more than 467,000 shares over the last quarter, representing a net reduction of roughly 17% in insider-held stock; one executive realized proceeds of over $520,000 from a mid-January sale. Meanwhile, institutional investors hold nearly 57% of the float, with notable quarter-on-quarter position increases at large banks and wealth advisors, underscoring confidence from key asset managers.