Carvana (CVNA) Stock Forecast, Price Target & Predictions

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CVNA Stock Forecast

Carvana stock forecast is as follows: an average price target of $196.90 (represents a -21.06% downside from CVNA’s last price of $249.43) and a rating consensus of 'Buy', based on 28 wall street analysts offering a 1-year stock forecast.

CVNA Price Target

The average price target for Carvana (CVNA) is $196.90 based on 1-year price targets from 28 Wall Street analysts in the past 3 months, with a price target range of $470.00 to $40.00. This represents a potential -21.06% downside from CVNA's last price of $249.43.

CVNA Analyst Ratings

Buy

According to 28 Wall Street analysts, Carvana's rating consensus is 'Buy'. The analyst rating breakdown for CVNA stock is 0 'Strong Buy' (0.00%), 14 'Buy' (50.00%), 12 'Hold' (42.86%), 2 'Sell' (7.14%), and 0 'Strong Sell' (0.00%).

Carvana Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 05, 2024	Adam Jonas	Morgan Stanley	$260.00	$235.68	10.32%	4.24%
Oct 31, 2024	Alexander Potter	Piper Sandler	$225.00	$207.31	8.53%	-9.79%
Oct 31, 2024	Chris Pierce	Needham	$300.00	$207.31	44.71%	20.27%
Oct 31, 2024	Craig Kennison	Robert W. Baird	$240.00	$207.31	15.77%	-3.78%
Oct 31, 2024	Michael Baker	D.A. Davidson	$240.00	$207.31	15.77%	-3.78%
Oct 31, 2024	Marvin Fong	BTIG	$295.00	$207.31	42.30%	18.27%
Oct 23, 2024	David Lantz	Wells Fargo	$250.00	$197.35	26.68%	0.23%
Oct 09, 2024	Michael McGovern	Bank of America Securities	$210.00	$190.30	10.35%	-15.81%
Oct 03, 2024	Ronald Josey	Citigroup	$195.00	$176.10	10.73%	-21.82%
Sep 23, 2024	Chris Bottiglieri	BNP Paribas	$126.00	$175.72	-28.29%	-49.48%

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The latest Carvana stock forecast, released on Nov 05, 2024 by Adam Jonas from Morgan Stanley, set a price target of $260.00, which represents a 10.32% increase from the stock price at the time of the forecast ($235.68), and a 4.24% increase from CVNA last price ($249.43).

Carvana Price Target by Period

	1M	3M	12M
# Anlaysts	7	13	24
Avg Price Target	$258.57	$221.00	$177.00
Last Closing Price	$249.43	$249.43	$249.43
Upside/Downside	3.66%	-11.40%	-29.04%

In the current month, the average price target of Carvana stock is $258.57, according to 7 Wall Street analysts offering twelve months forecast. The average price target represents a 3.66% increase as opposed to Carvana's last price of $249.43. This month's average price target is up 17.00% compared to last quarter, and up 46.08% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 31, 2024	Piper Sandler	Neutral	Neutral	Hold
Oct 31, 2024	Needham	Buy	Buy	Hold
Oct 31, 2024	JMP Securities	Outperform	Outperform	Hold
Oct 31, 2024	BTIG	Buy	Buy	Hold
Oct 23, 2024	Wells Fargo	Overweight	Overweight	Hold
Oct 22, 2024	Wells Fargo	Market Outperform	Market Outperform	Hold
Oct 22, 2024	Jefferies	Hold	Hold	Hold
Oct 16, 2024	Cowen & Co.	Buy	Buy	Hold
Oct 07, 2024	Wedbush	Neutral	Neutral	Hold
Oct 04, 2024	Stephens	Overweight	Overweight	Hold

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Carvana's last stock rating was published by Piper Sandler on Oct 31, 2024. The company gave CVNA a "Neutral" rating, the same as its previous rate.

Carvana Financial Forecast

Carvana Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.77B	$2.97B	$2.61B	$2.84B	$3.39B	$3.88B	$3.50B	$3.75B	$3.48B	$3.34B	$2.25B	$1.83B	$1.54B	$1.12B	$1.10B	$1.10B	$1.09B
Avg Forecast	$4.22B	$4.66B	$4.54B	$4.16B	$3.75B	$4.10B	$3.96B	$3.63B	$3.27B	$3.47B	$3.26B	$2.70B	$2.56B	$2.81B	$2.61B	$2.64B	$3.06B	$3.70B	$3.97B	$3.40B	$3.52B	$3.28B	$2.46B	$1.96B	$1.61B	$1.53B	$1.16B	$1.13B	$1.10B	$997.39M
High Forecast	$4.60B	$5.08B	$4.94B	$4.53B	$4.08B	$4.47B	$4.31B	$3.85B	$3.56B	$3.51B	$3.26B	$2.70B	$2.69B	$2.82B	$2.84B	$2.87B	$3.33B	$3.70B	$3.97B	$3.40B	$3.52B	$3.28B	$2.46B	$1.96B	$1.61B	$1.53B	$1.16B	$1.13B	$1.10B	$997.39M
Low Forecast	$3.92B	$4.33B	$4.22B	$3.86B	$3.48B	$3.81B	$3.68B	$3.39B	$3.10B	$3.43B	$3.26B	$2.70B	$2.39B	$2.80B	$2.42B	$2.45B	$2.84B	$3.70B	$3.97B	$3.40B	$3.52B	$3.28B	$2.46B	$1.96B	$1.61B	$1.53B	$1.16B	$1.13B	$1.10B	$997.39M
# Analysts	6	4	4	6	4	3	7	9	14	9	8	9	16	8	8	9	12	7	7	8	13	8	8	9	9	9	9	9	13	13
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	1.14%	0.99%	0.93%	0.92%	0.98%	1.03%	1.07%	1.06%	1.36%	1.14%	1.14%	1.01%	0.96%	0.97%	1.00%	1.10%

Carvana's average Quarter revenue forecast for Dec 23 based on 16 analysts is $2.56B, with a low forecast of $2.39B, and a high forecast of $2.69B. CVNA's average Quarter revenue forecast represents a -7.60% decrease compared to the company's last Quarter revenue of $2.77B (Sep 23).

Carvana EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	6	4	4	6	4	3	7	9	14	9	8	9	16	8	8	9	12	7	7	8	13	8	8	9	9	9	9	9	13	13
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$49.00M	$47.00M	$-36.00M	$-441.00M	$-277.00M	$-258.00M	$-405.00M	$-93.00M	$42.00M	$89.00M	$16.00M	$20.76M	$31.90M	$-3.52M	$-15.21M	$17.93M	$-7.35M
Avg Forecast	$-133.65M	$-147.57M	$-143.71M	$-131.55M	$-118.68M	$-129.83M	$-125.23M	$-114.77M	$-103.58M	$-109.79M	$-103.11M	$-485.66M	$-81.06M	$-88.81M	$-82.48M	$-441.51M	$-96.89M	$-131.32M	$-141.00M	$-401.37M	$-124.76M	$-116.23M	$216.49M	$-69.66M	$-57.07M	$-54.42M	$-41.15M	$-11.61M	$-39.08M	$-35.40M
High Forecast	$-124.14M	$-137.07M	$-133.49M	$-122.19M	$-110.24M	$-120.59M	$-116.32M	$-107.16M	$-98.23M	$-108.63M	$-103.11M	$-388.53M	$-75.66M	$-88.52M	$-76.61M	$-353.21M	$-90.00M	$-131.32M	$-141.00M	$-321.10M	$-124.76M	$-116.23M	$259.78M	$-69.66M	$-57.07M	$-54.42M	$-41.15M	$-9.29M	$-39.08M	$-35.40M
Low Forecast	$-145.48M	$-160.63M	$-156.43M	$-143.19M	$-129.19M	$-141.31M	$-136.32M	$-121.77M	$-112.71M	$-110.94M	$-103.11M	$-582.79M	$-85.19M	$-89.10M	$-89.78M	$-529.81M	$-105.46M	$-131.32M	$-141.00M	$-481.64M	$-124.76M	$-116.23M	$173.19M	$-69.66M	$-57.07M	$-54.42M	$-41.15M	$-13.93M	$-39.08M	$-35.40M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.55%	-0.57%	0.08%	4.55%	2.11%	1.83%	1.01%	0.75%	-0.36%	0.41%	-0.23%	-0.36%	-0.59%	0.09%	1.31%	-0.46%	0.21%

16 analysts predict CVNA's average Quarter EBITDA for Dec 23 to be $-81.06M, with a high of $-75.66M and a low of $-85.19M. This is -265.43% lower than Carvana's previous annual EBITDA (Sep 23) of $49.00M.

Carvana Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	6	4	4	6	4	3	7	9	14	9	8	9	16	8	8	9	12	7	7	8	13	8	8	9	9	9	9	9	13	13
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$782.00M	$-58.00M	$-286.00M	$-1.59B	$-283.00M	$-439.00M	$-260.00M	$-182.00M	$-32.00M	$22.00M	$-36.00M	$-63.34M	$-7.08M	$-40.83M	$-59.89M	$-20.48M	$-39.02M
Avg Forecast	$131.55M	$167.61M	$138.23M	$128.21M	$68.86M	$101.50M	$85.07M	$59.30M	$32.97M	$40.49M	$-5.90M	$-311.78M	$-113.12M	$-93.79M	$-157.82M	$-283.44M	$-74.02M	$-244.64M	$-247.94M	$-257.67M	$-101.41M	$-35.30M	$53.51M	$-87.30M	$-62.53M	$-37.03M	$-104.75M	$-45.69M	$-79.75M	$-50.46M
High Forecast	$146.68M	$186.89M	$154.13M	$142.96M	$76.78M	$113.18M	$94.86M	$67.26M	$56.53M	$45.15M	$-5.35M	$-249.42M	$-59.54M	$-85.11M	$-143.22M	$-226.75M	$-59.22M	$-244.64M	$-247.94M	$-206.14M	$-101.41M	$-35.30M	$64.22M	$-87.30M	$-62.53M	$-37.03M	$-104.75M	$-36.55M	$-79.75M	$-50.46M
Low Forecast	$119.38M	$152.11M	$125.44M	$116.35M	$62.49M	$92.11M	$77.21M	$54.87M	$7.85M	$36.74M	$-6.57M	$-374.14M	$-141.70M	$-104.58M	$-175.98M	$-340.12M	$-88.83M	$-244.64M	$-247.94M	$-309.20M	$-101.41M	$-35.30M	$42.81M	$-87.30M	$-62.53M	$-37.03M	$-104.75M	$-54.83M	$-79.75M	$-50.46M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-8.34%	0.37%	1.01%	21.53%	1.16%	1.77%	1.01%	1.79%	0.91%	0.41%	0.41%	1.01%	0.19%	0.39%	1.31%	0.26%	0.77%

Carvana's average Quarter net income forecast for Dec 23 is $-113.12M, with a range of $-141.70M to $-59.54M. CVNA's average Quarter net income forecast represents a -114.47% decrease compared to the company's last Quarter net income of $782.00M (Sep 23).

Carvana SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	6	4	4	6	4	3	7	9	14	9	8	9	16	8	8	9	12	7	7	8	13	8	8	9	9	9	9	9	13	13
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$433.00M	$452.00M	$472.00M	$632.00M	$656.00M	$721.00M	$727.00M	$620.00M	$546.00M	$470.00M	$397.00M	$342.67M	$267.84M	$239.93M	$275.71M	$241.66M	$207.97M
Avg Forecast	$783.88M	$865.55M	$842.92M	$771.55M	$696.11M	$761.46M	$734.52M	$673.13M	$607.51M	$643.92M	$604.74M	$871.79M	$475.43M	$520.91M	$483.77M	$792.53M	$515.66M	$686.63M	$737.26M	$720.48M	$652.32M	$607.72M	$1.14B	$364.26M	$298.43M	$284.53M	$215.18M	$210.35M	$204.34M	$185.07M
High Forecast	$853.24M	$942.15M	$917.51M	$839.82M	$757.71M	$828.84M	$799.52M	$714.20M	$661.06M	$650.69M	$604.75M	$1.05B	$499.67M	$522.62M	$526.57M	$951.04M	$618.79M	$686.63M	$737.26M	$864.58M	$652.32M	$607.72M	$1.37B	$364.26M	$298.43M	$284.53M	$215.18M	$252.42M	$204.34M	$185.07M
Low Forecast	$728.10M	$803.97M	$782.94M	$716.65M	$646.58M	$707.28M	$682.26M	$628.49M	$576.12M	$637.16M	$604.74M	$697.43M	$443.74M	$519.21M	$449.34M	$634.03M	$412.53M	$686.63M	$737.26M	$576.39M	$652.32M	$607.72M	$914.59M	$364.26M	$298.43M	$284.53M	$215.18M	$168.28M	$204.34M	$185.07M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.83%	0.93%	0.60%	1.23%	0.96%	0.98%	1.01%	0.95%	0.90%	0.41%	1.09%	1.15%	0.94%	1.12%	1.31%	1.18%	1.12%

Carvana's average Quarter SG&A projection for Dec 23 is $475.43M, based on 16 Wall Street analysts, with a range of $443.74M to $499.67M. The forecast indicates a 9.80% rise compared to CVNA last annual SG&A of $433.00M (Sep 23).

Carvana EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	6	4	4	6	4	3	7	9	14	9	8	9	16	8	8	9	12	7	7	8	13	8	8	9	9	9	9	9	13	13
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$7.05	$-0.00	$-2.70	$-15.05	$-2.67	$-4.33	$-2.89	$-2.09	$-0.38	$0.27	$-0.46	$-0.87	$-0.10	$-0.62	$-1.19	$-0.41	$-0.78
Avg Forecast	$0.98	$1.25	$1.03	$0.96	$0.52	$0.76	$0.64	$0.44	$0.25	$0.30	$-0.04	$-0.67	$-0.85	$-0.70	$-1.18	$-2.13	$-2.18	$-1.90	$-1.93	$-1.58	$-0.79	$-0.27	$-0.39	$-0.68	$-0.49	$-0.29	$-0.82	$-0.63	$-0.62	$-0.39
High Forecast	$1.10	$1.40	$1.15	$1.07	$0.57	$0.85	$0.71	$0.50	$0.42	$0.34	$-0.04	$-0.61	$-0.45	$-0.64	$-1.07	$-1.93	$-1.98	$-1.90	$-1.93	$-1.58	$-0.79	$-0.27	$-0.39	$-0.68	$-0.49	$-0.29	$-0.82	$-0.63	$-0.62	$-0.39
Low Forecast	$0.89	$1.14	$0.94	$0.87	$0.47	$0.69	$0.58	$0.41	$0.06	$0.28	$-0.05	$-0.75	$-1.06	$-0.78	$-1.32	$-2.37	$-2.43	$-1.90	$-1.93	$-1.58	$-0.79	$-0.27	$-0.39	$-0.68	$-0.49	$-0.29	$-0.82	$-0.63	$-0.62	$-0.39
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-10.04%	0.00%	1.27%	6.91%	1.40%	2.24%	1.83%	2.65%	1.38%	-0.69%	0.68%	1.79%	0.35%	0.76%	1.89%	0.66%	1.99%

According to 16 Wall Street analysts, Carvana's projected average Quarter EPS for Dec 23 is $-0.85, with a low estimate of $-1.06 and a high estimate of $-0.45. This represents a -112.01% decrease compared to CVNA previous annual EPS of $7.05 (Sep 23).

Carvana Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
VRM	Vroom	$5.41	$17.02	214.60%	Hold
KMX	CarMax	$75.30	$218.00	189.51%	Buy
AN	AutoNation	$164.83	$193.00	17.09%	Buy
ABG	Asbury Automotive Group	$250.47	$230.20	-8.09%	Hold
LAD	Lithia Motors	$370.65	$339.75	-8.34%	Buy
CVNA	Carvana	$249.43	$196.90	-21.06%	Buy
CZOO	Cazoo Group	$6.04	$0.10	-98.34%	Buy

CVNA Forecast FAQ

Is Carvana a good buy?

Yes, according to 28 Wall Street analysts, Carvana (CVNA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 50.00% of CVNA's total ratings.

What is CVNA's price target?

Carvana (CVNA) average price target is $196.9 with a range of $40 to $470, implying a -21.06% from its last price of $249.43. The data is based on 28 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Carvana stock go up soon?

According to Wall Street analysts' prediction for CVNA stock, the company can go down by -21.06% (from the last price of $249.43 to the average price target of $196.9), up by 88.43% based on the highest stock price target, and down by -83.96% based on the lowest stock price target.

Can Carvana stock reach $400?

CVNA's highest twelve months analyst stock price target of $470 supports the claim that Carvana can reach $400 in the near future.

What is Carvana's current price target trend?

7 Wall Street analysts forecast a $258.57 price target for Carvana (CVNA) this month, up 3.66% from its last price of $249.43. Compared to the last 3 and 12 months, the average price target decreased by -11.40% and decreased by -29.04%, respectively.

What are Carvana's analysts' financial forecasts?

Carvana's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $15.44B (high $16.71B, low $14.36B), average EBITDA is $-489M (high $-454M, low $-529M), average net income is $314.73M (high $352.08M, low $286.68M), average SG&A $2.87B (high $3.1B, low $2.66B), and average EPS is $2.36 (high $2.64, low $2.15). CVNA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $17.59B (high $19.15B, low $16.34B), average EBITDA is $-556M (high $-517M, low $-606M), average net income is $565.61M (high $630.67M, low $513.29M), average SG&A $3.26B (high $3.55B, low $3.03B), and average EPS is $4.23 (high $4.72, low $3.84).

Did the CVNA's actual financial results beat the analysts' financial forecasts?

Based on Carvana's last annual report (Dec 2022), the company's revenue was $13.6B, which missed the average analysts forecast of $14.13B by -3.74%. Apple's EBITDA was $-1.299B, beating the average prediction of $-771M by 68.57%. The company's net income was $-2.894B, beating the average estimation of $-824M by 251.10%. Apple's SG&A was $2.74B, beating the average forecast of $2.66B by 2.86%. Lastly, the company's EPS was $-28.7, beating the average prediction of $-7.591 by 278.09%. In terms of the last quarterly report (Sep 2023), Carvana's revenue was $2.77B, missing the average analysts' forecast of $2.81B by -1.22%. The company's EBITDA was $49M, missing the average prediction of $-88.814M by -155.17%. Carvana's net income was $782M, missing the average estimation of $-93.789M by -933.79%. The company's SG&A was $433M, missing the average forecast of $520.91M by -16.88%. Lastly, the company's EPS was $7.05, missing the average prediction of $-0.702 by -1103.92%