Your next used car may be available through Carvana online shopping.
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- Carvana’s stock price is more than 11,000% above its 2023 low as of December 10, 2025.
- This online used car retailer aims to make the car buying experience more transparent and convenient for drivers.
Carvana (NYSE: CVNA) stock has outperformed companies like Nvidia, Google, Apple, Tesla, and Meta in terms of annual gains.
The used car retailer’s stock is up more than 95% year-over-year as of Dec. 10, according to Yahoo Finance. It also soared 12% on Monday following its inclusion in the S&P 500 index. It traded as low as $4.05 per share in December 2023. The company’s stock price is currently up over 11,000% from its 2023 lows.
What is the secret to Carvana’s success, and what does its stock price say about how American drivers will buy used cars as we head into 2026?
Why is Carvana stock going up?
According to Reuters, the company attributed the large-scale resurgence to “tighter cost controls, debt reduction and a recovery in demand.” Carvana is focused on fundamentals and is trailing rival used car retailer CarMax in quarterly sales.
Carvana’s stock price is rising as retail traders and financial experts alike see a real opportunity for the company to disrupt the used car market. What does this mean for used car buyers and sellers?
How Carvana is changing the way Americans buy and sell cars
While there are many online used car marketplaces on the internet, Carvana’s end-to-end online platform solves several key pain points drivers may face when purchasing a car. Fixed pricing is a big cornerstone of Carvana’s business. The company offers transparent pricing and financing plans without the additional financial hassles that some used car dealers can grapple with deals.
Besides a streamlined purchasing process (essential for success), the company also offers home delivery services and a 7-day refund policy. Additionally, Carvana has an app that makes the car buying process even more user-friendly.
Carvana also allows drivers to buy and sell their cars by allowing them to enter most relevant information via the website or app. You can offer drivers fast offers and payments for used cars.
How to get the best results from Carvana Online Marketplace
Carvana may be a great tool for some drivers, but like any shopping experience, going in with an idea of what you’re looking for will speed up the process and give you the best results.
Online marketplaces and apps have filters to help narrow your search. If you already know your price range, mileage range, and vehicle segment, you can save time and have a more productive research and purchasing experience.
Selecting the year and specific make/model will make your search even faster. Referring to previous year’s ranking lists compiled by authoritative sites such as U.S. News & World Report can also help narrow down your used car search. Cross-referencing Carvana’s prices with Kelley Blue Book’s fair market value for a particular vehicle can help you determine if your pricing is reasonable.
Is there room for more growth for Carvana?
Carvana has had a great year in terms of share price growth. Its market value has reached $86.6 billion as of Monday’s share price, according to Forbes, more than the big three automakers General Motors, Stellantis and Ford.
Joseph Spak, an analyst at asset management firm UBS, believes Carvana’s used car sales market share could grow from 1.5% to 4% by 2030. Based on its current performance and trajectory, the company has the potential to change the car-buying experience for millions of U.S. drivers in the future.
