Will Carvana Stock Keep Soaring to New Highs or is the Rally Overdone?
From Nasdaq: 2025-05-27 19:53:00
Carvana stock hits new high at $312/share, up +50% in 2025 and +800% in 3 years, outperforming peers like Amazon and MercadoLibre. Cost-cutting measures and strong Q1 results have improved financials, with $7.1B in liabilities under $8.87B in assets. Sales expected to increase 31% in 2025 and 25% in 2026.
EPS projections show earnings soaring 192% in 2025 to $4.64/share and increasing 33% to $6.16/share in 2026. EPS estimates for both years have been rising, with FY25 up 35% and FY26 up 23% in the last week. Carvana stock trading at a premium but has potential with Zacks Rank #1 (Strong Buy).
Zacks names top semiconductor stock, poised for growth amidst increasing demand for AI, ML, and IoT. Global semiconductor manufacturing set to reach $803B by 2028. NVIDIA remains strong, but new chip stock offers significant growth potential. Download 7 Best Stocks report for more insights.
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