Carvana (CVNA) Stock Forecast & Price Target

$197.35

+5.86 (+3.06%)

(As of 10/22/2024 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 19 Analyst Ratings

Sell
1

Hold
10

Buy
8

Based on 19 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 19 analysts, 1 has given a sell rating, 10 have given a hold rating, and 8 have given a buy rating for CVNA.

Consensus Price Target

$177.88
-9.86% Downside

According to the 19 analysts' twelve-month price targets for Carvana, the average price target is $177.88. The highest price target for CVNA is $230.00, while the lowest price target for CVNA is $110.00. The average price target represents a forecasted downside of -9.86% from the current price of $197.35.

CVNA Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)	1 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	16 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$177.88	$153.88	$100.93	$39.61
Forecasted Upside	-9.86% Downside	-12.19% Downside	-18.60% Downside	25.00% Upside
Consensus Rating	Hold	Hold	Hold	Reduce

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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	2.37	2.49	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-9.86% Downside	35.54% Upside	7.93% Upside
News Sentiment Rating	Positive News See Recent CVNA News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Evercore ISI 2 of 5 stars		Boost Target	In-Line ➝ In-Line	$178.00 ➝ $182.00	-6.86%
10/22/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$150.00 ➝ $185.00	-2.37%
10/9/2024	JPMorgan Chase & Co. 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$185.00 ➝ $230.00	+20.67%
10/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$185.00 ➝ $210.00	+9.35%
10/7/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$150.00 ➝ $175.00	-3.07%
10/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$125.00 ➝ $195.00	+10.01%
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9/12/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Lick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$190.00	+42.13%
9/9/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
8/1/2024	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%
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%
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
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%
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
11/21/2022	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 Wednesday at 05:32 AM ET.

CVNA Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Carvana is $177.88, with a high forecast of $230.00 and a low forecast of $110.00.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carvana in the last year. There is currently 1 sell rating, 10 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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.
: According to analysts, Carvana's stock has a predicted downside of -9.86% based on their 12-month stock forecasts.
: Over the previous 90 days, Carvana's stock had 3 upgrades by analysts.
: Carvana has been rated by research analysts at Bank of America, BTIG Research, Citigroup, DA Davidson, Evercore ISI, Jefferies Financial Group, 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.
: Analysts like Carvana less than other "retail/wholesale" companies. The consensus rating score for Carvana is 2.37 while the average consensus rating score for "retail/wholesale" companies is 2.49. Learn more on how CVNA compares to other companies.

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This page (NYSE:CVNA) was last updated on 10/23/2024 by MarketBeat.com Staff

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Carvana (CVNA) Stock Forecast & Price Target