• Morgan Stanley maintains an "Overweight" rating for Carvana (NYSE:CVNA), reflecting confidence in the company's growth potential.
• Carvana's stock performance has outpaced major indices, with a recent 2.41% increase in its closing price.
• Anticipated EPS of $1.07 and revenue of $5.17 billion for the upcoming earnings report, indicating significant growth.

Carvana (NYSE:CVNA) is a prominent player in the online used car retail industry, known for its innovative car vending machines and seamless online purchasing experience. The company competes with other online car retailers like Vroom and traditional dealerships. On January 8, 2026, Morgan Stanley maintained its "Overweight" rating for Carvana, with a "hold" action, reflecting confidence in the company's growth potential.

At the time of Morgan Stanley's update, Carvana's stock price was $442.56. This optimism is driven by Carvana's expanding Total Addressable Market (TAM), as highlighted by TheFly. The company's recent performance supports this outlook, with a closing price of $440.44 in the latest trading session, marking a 2.41% increase from the previous day.

Carvana's recent stock performance has outpaced major indices, surpassing the S&P 500's 0.62% gain, the Dow's 0.99% rise, and the Nasdaq's 0.65% appreciation. However, despite this recent uptick, Carvana's shares have declined by 4% over the past month, underperforming the Retail-Wholesale sector's 0.14% gain and the S&P 500's 0.59% increase.

Investors are eagerly anticipating Carvana's upcoming earnings report, with expectations of an EPS of $1.07, representing a significant 91.07% growth from the same quarter last year. Revenue is anticipated to reach $5.17 billion, marking a 45.87% increase from the previous year. For the entire fiscal year, the Zacks Consensus Estimates forecast earnings of $5.39 per share and revenue of $19.93 billion, indicating substantial growth.

Carvana's market capitalization stands at approximately $95.95 billion, with a trading volume of 2,734,454 shares on the NYSE. The stock has traded between a low of $433.14 and a high of $457.57 today, with a 52-week high of $485.33 and a low of $148.25. Despite a recent decrease of 1.82% or $8.22, Carvana's growth prospects remain strong.