
Carvana (CVNA) Stock Forecast & Price Target
Carvana (CVNA) Analyst Ratings
Bulls say
Carvana Co. is projecting a robust revenue increase of $5.2 billion for the fourth quarter, reflecting a year-over-year growth of 46.4%, with an upward revision of approximately 3% from previous estimates and a significant rise in used unit growth expectations to 36.3%. Recent trends indicate that Carvana is set to surpass CarMax's used unit sales volumes ahead of schedule, demonstrating a positive shift in market momentum and increasing competitive advantage. Additionally, the company's strategic expansion in reconditioning capacity and integrated business model positions it to capitalize on cost efficiencies while enhancing pricing attractiveness for consumers, further supporting long-term growth prospects.
Bears say
Carvana Co. is experiencing declining momentum, as evidenced by a 2% year-over-year decrease in total used vehicle unit sales in the third quarter, a significant deceleration from the previous quarter's 8% growth. Moreover, the company's shares have underperformed, declining approximately 13% over the last month and trading at 22 times the 2027 earnings per share estimate, which reflects a tightening premium against its closest competitor, CarMax. Additionally, broader concerns in the credit markets and underwhelming performance from CarMax, forecasting a comparable store used unit sales decrease of 8% to 12%, are likely contributing to a negative outlook on Carvana's 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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