Carvana Co. Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Carvana Co. stock have an average target of 215.35, with a low estimate of 130 and a high estimate of 320. The average target predicts a decrease of -16.97% from the current stock price of 259.36.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$130	$215.35	$195	$320
Change	-49.88%	-16.97%	-24.81%	+23.38%

Analyst Ratings

The average analyst rating for Carvana Co. stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	2	2	3	3	3
Buy	3	3	4	5	5	5
Hold	14	10	10	10	10	11
Sell	1	1	1	1	1	0
Strong Sell	0	0	0	0	0	0
Total	18	16	17	19	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Adam Jonas Morgan Stanley	Morgan Stanley	Sell → Hold Upgrades $110 → $260	Sell → Hold	Upgrades	$110 → $260	+0.25%	Nov 5, 2024
Nicholas Jones JMP Securities	JMP Securities	Buy Maintains $200 → $320	Buy	Maintains	$200 → $320	+23.38%	Oct 31, 2024
Alexander Potter Piper Sandler	Piper Sandler	Hold Maintains $151 → $225	Hold	Maintains	$151 → $225	-13.25%	Oct 31, 2024
Rajat Gupta JP Morgan	JP Morgan	Buy Maintains $230 → $300	Buy	Maintains	$230 → $300	+15.67%	Oct 31, 2024
Chris Pierce Needham	Needham	Strong Buy Maintains $200 → $300	Strong Buy	Maintains	$200 → $300	+15.67%	Oct 31, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

13.68B

from 10.77B

26.96%

from 10.77B

Revenue Next Year

16.00B

from 13.68B

16.97%

from 13.68B

EPS This Year

1.32

from 0.75

77.02%

from 0.75

EPS Next Year

2.40

from 1.32

81.02%

from 1.32

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.94B	5.59B	12.81B	13.60B	10.77B	13.68B	16.00B	18.80B
Revenue Growth	101.49%	41.80%	129.35%	6.17%	-20.82%	26.96%	16.97%	17.55%
EPS	-2.45	-2.63	-1.63	-15.74	0.75	1.32	2.40	4.37
EPS Growth	-	-	-	-	-	77.02%	81.02%	82.29%
Forward PE	-	-	-	-	-	195.92	108.23	59.37
No. Analysts	-	-	-	-	-	25	25	19

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	14.4B	18.4B	22.2B
Avg	13.7B	16.0B	18.8B
Low	12.9B	13.4B	16.2B

Revenue Growth

Revenue Growth	2024	2025	2026
High	33.9%	34.2%	38.7%
Avg	27.0%	17.0%	17.6%
Low	19.7%	-2.2%	1.4%

EPS Forecast

EPS	2024	2025	2026
High	1.67	3.52	6.73
Avg	1.32	2.40	4.37
Low	0.93	0.67	2.91

EPS Growth

EPS Growth	2024	2025	2026
High	123.2%	165.7%	180.9%
Avg	77.0%	81.0%	82.3%
Low	24.5%	-49.7%	21.5%

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.