The results are clear. Carvana posted a record adjusted EBITDA margin of 12.4% in the last reported quarter, making it the fastest-growing and most profitable automotive retailer in the United States by a wide margin. Image Source: Carvana, Inc.For the third quarter, Carvana expects a sequential increase in retail units. For the full year, it forecasts adjusted EBITDA in the band of $2-$2.2 billion, up from $1.38 billion recorded last year. Its long-term goal to retail 3 million units each year and achieve 13.5% adjusted EBITDA margin is ambitious. What Do Estimates for CVNA Say?The Zacks Consensus Estimate for CVNA's 2025 sales and EPS implies year-over-year growth of 37% and 219%, respectively. EPS estimates have been trending north over the past 30 days. Image Source: Zacks Investment ResearchCVNA Shares Seem Pricey NowCVNA stock is trading at a forward sales multiple of 3.3 — well above the industry levels as well as its own five-year average.