Carvana's retail unit growth appears to have slowed in June, but Jefferies analysts maintained their Buy rating and $95 price target on the stock. Based on web-scraped data, Jefferies estimates second-quarter retail unit growth of 33% year over year, about 2% below Wall Street consensus of 37%, which would mark Carvana's first retail unit miss in 10 quarters. The firm lowered its second-quarter unit and EBITDA estimates by roughly 1% but left second-half 2026 and beyond forecasts unchanged, attributing the softer growth to temporary constraints from expansion and infrastructure build-out. Inventory levels continued to rise at a mid- to high-20% annual pace, while average selling prices increased by a mid-single-digit to high-single-digit percentage year over year each week of the quarter, supported by lower financing rates.
Carvana CoRetail unit growth appears to have slowed in June, with Q2 estimates 2% below consensus, indicating weaker end-customer demand.
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Jefferies Financial Group Inc