Carvana (CVNA) Stock Forecast & Price Target

$152.70

+10.80 (+7.61%)

(As of 09/16/2024 ET)

Carvana - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 18 Analyst Ratings

Based on 18 Wall Street analysts who have issued ratings for Carvana in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 1 has given a sell rating, 10 have given a hold rating, and 7 have given a buy rating for CVNA.

Consensus Price Target

$151.94
-0.50% Downside

High Forecast	$200.00
Average Forecast	$151.94
Low Forecast	$37.00

According to the 18 analysts' twelve-month price targets for Carvana, the average price target is $151.94. The highest price target for CVNA is $200.00, while the lowest price target for CVNA is $37.00. The average price target represents a forecasted downside of -0.50% from the current price of $152.70.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Hold	Hold	Hold	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	6 Sell rating(s)
Consensus Price Target	$151.94	$143.73	$84.36	$39.33
Forecasted Upside	-0.50% Downside	12.83% Upside	7.66% Upside	-5.32% Downside

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CVNA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CVNA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Carvana Stock vs. The Competition

Type	Carvana	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.33	2.48	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-0.63% Downside	44.60% Upside	7.93% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	Evercore ISI 2 of 5 stars		Boost Target	In-Line ➝ In-Line	$142.00 ➝ $157.00	+10.64%
9/12/2024	Stephens 4 of 5 stars	J. Lick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$190.00	+42.13%
9/9/2024	JMP Securities 2 of 5 stars		Reiterated Rating	Market Outperform ➝ Market Outperform	$200.00 ➝ $200.00	+45.65%
8/19/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform	$166.00 ➝ $170.00	+9.12%
8/19/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral	$120.00 ➝ $150.00	-3.72%
8/1/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$155.00 ➝ $188.00	+28.18%
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8/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$110.00 ➝ $148.00	+0.91%
8/1/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$75.00 ➝ $110.00	-22.68%
8/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$105.00 ➝ $151.00	+3.92%
8/1/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$110.00 ➝ $155.00	+2.85%
8/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$160.00	+20.19%
8/1/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Pierce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$160.00 ➝ $200.00	+50.24%
8/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Z. Fadem Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$77.00 ➝ $175.00	+31.46%
7/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$150.00 ➝ $155.00	+14.60%
5/2/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Zackfia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
3/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Hold	$30.00 ➝ $85.00	+8.82%
2/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
10/12/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$37.00	-2.30%
7/21/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$25.00 ➝ $50.00	+6.91%
5/8/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$10.00 ➝ $11.00	+19.57%
12/21/2022	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/30/2022	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral
11/30/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/21/2022	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
11/15/2022	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:26 PM ET.

CVNA Forecast - Frequently Asked Questions

What is Carvana's forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Carvana is $151.94, with a high forecast of $200.00 and a low forecast of $37.00.
Should I buy or sell Carvana stock right now?: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There is currently 1 sell rating, 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CVNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVNA, but not buy additional shares or sell existing shares.
Does Carvana's stock price have much upside?: According to analysts, Carvana's stock has a predicted upside of 15.39% based on their 12-month stock forecasts.
Has Carvana been upgraded by Wall Street analysts recently?: Over the previous 90 days, Carvana's stock had 4 upgrades by analysts.
What analysts cover Carvana?: Carvana has been rated by research analysts at BTIG Research, DA Davidson, Evercore ISI, JMP Securities, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Stephens, TD Cowen, Wedbush, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Carvana more than its competitors?: Analysts like Carvana less than other "retail/wholesale" companies. The consensus rating score for Carvana is 2.33 while the average consensus rating score for "retail/wholesale" companies is 2.48. Learn more on how CVNA compares to other companies.