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Carvana Co has a consensus price target of $205.72 based on the ratings of 21 analysts. The high is $320 issued by JMP Securities on October 31, 2024. The low is $42 issued by Stephens & Co. on July 25, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, JMP Securities, and Piper Sandler on November 5, 2024, October 31, 2024, and October 31, 2024, respectively. With an average price target of $268.33 between Morgan Stanley, JMP Securities, and Piper Sandler, there's an implied 9.76% 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 Morgan Stanley on November 5, 2024. The analyst firm set a price target for $260.00 expecting CVNA to rise to within 12 months (a possible 6.35% upside). 72 analyst firms have reported ratings in the last year.
The latest analyst rating for Carvana (NYSE:CVNA) was provided by Morgan Stanley, and Carvana upgraded their equal-weight 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 November 5, 2024 so you should expect the next rating to be made available sometime around November 5, 2025.
While ratings are subjective and will change, the latest Carvana (CVNA) rating was a upgraded with a price target of $110.00 to $260.00. The current price Carvana (CVNA) is trading at is $244.48, which is within the analyst’s predicted range.
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