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Carvana Co has a consensus price target of $210.44 based on the ratings of 21 analysts. The high is $330 issued by Needham on December 9, 2024. The low is $42 issued by Stephens & Co. on July 25, 2023. The 3 most-recent analyst ratings were released by JMP Securities, Needham, and Evercore ISI Group on December 16, 2024, December 9, 2024, and December 3, 2024, respectively. With an average price target of $298.33 between JMP Securities, Needham, and Evercore ISI Group, there's an implied 32.59% upside for Carvana Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Carvana (NYSE:CVNA) was reported by JMP Securities on December 16, 2024. The analyst firm set a price target for $320.00 expecting CVNA to rise to within 12 months (a possible 42.22% upside). 72 analyst firms have reported ratings in the last year.
The latest analyst rating for Carvana (NYSE:CVNA) was provided by JMP Securities, and Carvana reiterated their market outperform rating.
The last upgrade for Carvana Co happened on November 5, 2024 when Morgan Stanley raised their price target to $260. Morgan Stanley previously had an underweight for Carvana Co.
The last downgrade for Carvana Co happened on February 16, 2024 when Raymond James changed their price target from N/A to N/A for Carvana Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Carvana, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Carvana was filed on December 16, 2024 so you should expect the next rating to be made available sometime around December 16, 2025.
While ratings are subjective and will change, the latest Carvana (CVNA) rating was a reiterated with a price target of $320.00 to $320.00. The current price Carvana (CVNA) is trading at is $225.00, which is out of the analyst’s predicted range.
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