RBC Capital Rates Carvana (CVNA) buy, $85 Price Target

RBC Capital has reaffirmed its buy rating on Carvana, setting a price target of $85, a 21.36% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:11 PM EDT · Updated Jun 18, 2026, 9:01 AM EDT

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RBC Capital rated Carvana Co. ($CVNA) "buy" with a $85 price target on June 12, 2026.

Since the rating, $CVNA is up 4.0% after 1 week, up 1.4% after 1 month and down 8.2% to date (from the $64.10 close on Jun 12, 2026).

CVNA Carvana Co.

$58.83 -26.51% year to date

Daily close · Oct 16, 2026

Key Points

RBC Capital maintains a buy rating on Carvana Co. (NYSE: CVNA) with a price target of $85, as of June 12, 2026.
RBC Capital's $85 price target implies 21.36% upside from Carvana Co.'s ($CVNA) current $70.04 share price.
Carvana's shares are currently priced at $70.04, up from a previous close of $57.96, indicating a positive market reaction.
The company reported impressive revenue growth of 52.4% last year, contributing to a market cap of approximately $43.6 billion.

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RBC Capital's Buy Rating for Carvana

RBC Capital has reiterated its buy rating on Carvana Co. (NYSE: CVNA), setting a price target of $85. This decision was made public on June 12, 2026, and reflects confidence in Carvana's growth potential. The stock is currently trading at $70.04, up from its previous close of $57.96, suggesting a positive market sentiment.

Analysts Set New Price Targets

RBC Capital's move comes amid a generally favorable outlook for Carvana. The company has shown strong revenue growth, with a reported increase of 52.4% last year, which has helped elevate its market cap to about $43.6 billion. Other firms have also weighed in on Carvana's prospects. On October 15, 2026, Morgan Stanley maintained its Overweight rating with a target of $88. BTIG also reiterated its Buy rating with a target of $87 on October 9, 2026. Meanwhile, Stephens & Co. and Barclays have maintained their Overweight ratings with targets of $83 and $80, respectively, as of October 6, 2026.

Stock Performance Context

Carvana's shares are currently trading at $70.04, which places them above their 50-day moving average of $68.35. This suggests that the stock is performing well compared to its recent trends. The 52-week range for Carvana has been between $54.46 and $97.38, which indicates some volatility in its trading history. The current price is still below the 52-week high, leaving room for potential growth as the company continues to expand its market presence.

12-month forecast

$CVNA price target

Carvana Co. daily closes and this analyst's $85 target. Not advice.

What Carvana Co. Does

Carvana Co. operates an online platform for buying and selling used cars. It provides various services, including vehicle inspection and financing, making it easier for consumers to purchase vehicles online. The company's innovative approach has positioned it well within the auto dealership industry, contributing to its impressive revenue growth.

What’s Next for Carvana

Looking ahead, investors will be watching for Carvana's next earnings report, scheduled for October 28, 2026. This report will provide further insights into the company's financial performance and growth trajectory. RBC Capital's current rating reflects the company's past performance and future potential, but market conditions can change, so investors should remain alert to new developments.