Shares of Carvana Co (NYSE:CVNA) nosedived in early trading on Thursday, after the company reported upbeat fourth-quarter revenues on Wednesday.

Here are the key analyst insights:

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DA Davidson: Carvana reported revenues of $5.647 billion, topping the consensus of $5.603 billion, Baker said in the note. Revenues grew 58% year-on-year, accelerating from 55% growth in the previous quarter, and came significantly above the consensus estimate of 48%, he added.

The analyst further stated that Carvana's market share gains accelerated, in part due to the company leveraging its scale to improve customer offering, including:

The target price has been lowered after the pullback in the company's stock, he added.

RBC Capital Markets: Carvana's revenues topped consensus estimates due to an outperformance in Wholesale, while Retail came in-line with expectations, Erickson said. Adjusted EBITDA grew 42% year-on-year but missed consensus by around 6%, he added.

Both Wholesale and Retail GPUs (gross profits per unit) declined in the quarter, the analyst stated. Management guided to "significant growth in retail units sold and adj. EBITDA" in 2026, he further wrote.

CVNA Price Action: Shares of Carvana had declined by 8.17% to $332.96 at the time of publication on Thursday.

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