Carvana Co. (CVNA)

Carvana Co. Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Carvana Co. stock have an average target of 62.25, with a low estimate of 38 and a high estimate of 90. The average target predicts a decrease of -12.51% from the current stock price of 71.15.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$38	$62.25	$60	$90
Change	-46.59%	-12.51%	-15.67%	+26.49%

Analyst Ratings

The average analyst rating for Carvana Co. stock from 15 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	2	2	2
Hold	15	15	13	11	12	12
Sell	4	3	3	3	1	1
Strong Sell	1	0	0	0	0	0
Total	21	19	17	16	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rajat Gupta JP Morgan	JP Morgan	Hold Maintains $65 → $70	Hold	Maintains	$65 → $70	-1.62%	Apr 18, 2024
Nicholas Jones JMP Securities	JMP Securities	Buy Reiterates $80	Buy	Reiterates	$80	+12.44%	Apr 17, 2024
Michael Montani Evercore ISI Group	Evercore ISI Group	Hold Maintains $78 → $77	Hold	Maintains	$78 → $77	+8.22%	Apr 16, 2024
Michael Montani Evercore ISI Group	Evercore ISI Group	Hold Maintains $75 → $78	Hold	Maintains	$75 → $78	+9.63%	Apr 2, 2024
Michael Montani Evercore ISI Group	Evercore ISI Group	Hold Maintains $68 → $75	Hold	Maintains	$68 → $75	+5.41%	Mar 26, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.34B

Increased by 5.32%

from 10.77B

Revenue Next Year

13.03B

Increased by 14.90%

from 11.34B

EPS This Year

-3.16

from 0.75

EPS Next Year

-2.51

from -3.16

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	3.94B	5.59B	12.81B	13.60B	10.77B	11.34B	13.03B	15.78B	16.36B	20.62B
Revenue Growth	101.49%	41.80%	129.35%	6.17%	-20.82%	5.32%	14.90%	21.06%	3.66%	26.04%
EPS	-2.45	-2.63	-1.63	-15.74	0.75	-3.16	-2.51	-1.29	1.07	2.13
EPS Growth	-	-	-	-	-	-	-	-	-	100.00%
No. Analysts	-	-	-	-	-	23	22	12	4	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.7B	15.8B	20.0B	18.8B	21.6B
Avg	11.3B	13.0B	15.8B	16.4B	20.6B
Low	10.3B	10.9B	12.0B	13.1B	19.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	18.1%	39.2%	53.1%	19.3%	32.3%
Avg	5.3%	14.9%	21.1%	3.7%	26.0%
Low	-4.5%	-3.6%	-7.7%	-17.3%	18.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	-1.93	-1.49	-0.74	1.72	2.19
Avg	-3.16	-2.51	-1.29	1.07	2.13
Low	-6.00	-5.28	-3.49	0.44	2.05

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	-	-	-	105.9%
Avg	-	-	-	-	100.0%
Low	-	-	-	-	92.2%

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.