Carvana was raised to a Zacks Rank #2 (Buy) this week, reflecting improving sentiment around its earnings trajectory. On January 8, 2026, Morgan Stanley reiterated an Overweight rating with a hold action, citing the company’s expanding total addressable market and differentiated online retail model. These endorsements follow several upward revisions to consensus estimates over the past month, underscoring heightened optimism among major research firms.

Shares of Carvana have outperformed key benchmark indices in the latest trading sessions, registering a 2.4% gain compared to the S&P 500’s 0.6%, the Dow’s 1.0% rise and the Nasdaq’s 0.7% advance. Over the past 30 days, however, the stock has slipped 4.0%, trailing the Retail-Wholesale sector’s modest 0.1% uptick and the S&P 500’s 0.6% broader advance. Trading volume remains elevated, averaging 2.7 million shares daily, reflecting sustained investor interest.

Market forecasts for Carvana’s upcoming quarter call for earnings per share of 1.07, a year-over-year increase of 91%, and revenue of 5.17 billion, up 46% from the prior period. Full-year consensus anticipates EPS of 5.39 and revenue of 19.93 billion, signaling broad-based growth across both unit volumes and profit margins. With a market capitalization near 96 billion, investors are closely watching whether management’s guidance will match these bullish projections.