Carvana Co. (CVNA)
NYSE: CVNA · IEX Real-Time Price · USD
127.53
+3.18 (2.56%)
At close: Jul 2, 2024, 4:00 PM
127.21
-0.32 (-0.25%)
After-hours: Jul 2, 2024, 7:57 PM EDT
Carvana Co. Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Carvana Co. stock have an average target of 91.79, with a low estimate of 38 and a high estimate of 150. The average target predicts a decrease of -28.02% from the current stock price of 127.53.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Carvana Co. stock from 18 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 2 | 2 | 2 | 3 | 3 |
| Hold | 13 | 11 | 12 | 14 | 14 | 14 |
| Sell | 3 | 3 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 16 | 15 | 17 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Hold Reiterates $120 | Hold | Reiterates | $120 | -5.90% | Jun 26, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Jun 26, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $111 → $118 | Hold | Maintains | $111 → $118 | -7.47% | Jun 20, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $130 → $150 | Buy | Maintains | $130 → $150 | +17.62% | Jun 10, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $135 → $150 | Buy | Maintains | $135 → $150 | +17.62% | Jun 7, 2024 |
Financial Forecast
Revenue This Year
12.66B
from 10.77B
Increased by 17.49%
Revenue Next Year
14.47B
from 12.66B
Increased by 14.32%
EPS This Year
-0.60
from 0.75
EPS Next Year
-0.21
from -0.60
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.8B | 16.6B | 20.7B | 30.5B | 37.8B |
| Avg | 12.7B | 14.5B | 17.1B | 20.8B | 24.4B |
| Low | 11.3B | 11.9B | 13.6B | 14.8B | 16.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.5% | 31.4% | 42.7% | 77.8% | 81.9% |
| Avg | 17.5% | 14.3% | 18.4% | 21.3% | 17.3% |
| Low | 4.6% | -6.1% | -5.7% | -13.3% | -22.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.97 | 1.39 | 2.73 | 3.61 | 5.01 |
| Avg | -0.60 | -0.21 | 1.42 | 2.28 | 3.43 |
| Low | -1.92 | -2.31 | 0.19 | 1.35 | 1.90 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.8% | - | - | 154.8% | 119.5% |
| Avg | - | - | - | 60.9% | 50.4% |
| Low | - | - | - | -4.6% | -16.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.