Carvana Co (CVNA) is overvalued and Openlane Inc (OPLN) is overvalued.
Both trade above our estimate of their intrinsic value. CVNA is the closer of the two: -45%, against -175% for OPLN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.8% (average of 3 methods) values the shares at $45.06; the price of $65.40 is 45% above that value, and 72% of that value comes from beyond year five.
Leak Score 57/100 on 8 of 12 signals
Discounting its cash flows at 8.9% (average of 2 methods) values the shares at $12.61; the price of $34.63 is 175% above that value, and 75% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | CVNA | OPLN |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $65.40 | $34.63 |
| Intrinsic value | $45.06 | $12.61 |
| Margin of safety | -45% | -175% |
| Leak Score | 57/100 (8/12) | 0/100 (2/12) |
| Market cap | $72.0B | $4.3B |
| Revenue growth, 5 years | 29.5% | -2.4% |
| Operating margin | 8.9% | 17.0% |
| Net margin | 6.3% | -4.1% |
| Return on equity | 54.5% | 10.1% |
| Debt to equity | 1.44 | 1.57 |
| P/E | 30.3x | — |
| Forward P/E | 29.6x | 20.0x |
| P/B | 11.7x | 2.7x |