
Carvana (CVNA) Stock Forecast & Price Target
Carvana (CVNA) Analyst Ratings
Bulls say
Carvana Co is expected to achieve 4Q revenue of $5.2 billion, marking a 46.4% year-over-year increase, alongside an anticipated 36.3% growth in used unit sales. The company is gaining momentum and is projected to surpass CarMax in quarterly used unit volumes six months ahead of previous estimates, demonstrating a significant competitive advantage. With increasing throughput capabilities and a favorable integrated business model, Carvana is well-positioned to enhance profitability and capture additional market share amid rising vehicle prices.
Bears say
Carvana's stock outlook is negatively impacted by a decline in total used vehicle unit sales volume, which decreased by 2% year-over-year in the third quarter, marking a deceleration from an 8% increase in the previous quarter. The increased multiple compression suggests that the stock is trading at levels more aligned with traditional dealers, currently valued at 22 times the 2027 EPS estimate, which is below its average for the past two years and indicates a tightening premium relative to its closest competitor, CarMax. Additionally, Carvana's recent 13% decline in share price over the past month, along with rising concerns in credit markets and underwhelming performance from CarMax, further exacerbate the negative sentiment surrounding the stock.
This aggregate rating is based on analysts' research of Carvana and is not a guaranteed prediction by Public.com or investment advice.
Carvana (CVNA) Analyst Forecast & Price Prediction
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