The Latest Analyst Ratings For Carvana
Portfolio Pulse from Benzinga Insights
Carvana (NYSE:CVNA) has been analyzed by 8 analysts in the last three months, showing a mix of sentiments from bullish to bearish. The average 12-month price target for CVNA has risen 60.39% to $64.38, with a range from $45.00 to $90.00. Analysts from firms like Jefferies, RBC Capital, Morgan Stanley, JMP Securities, and Wedbush have adjusted their ratings and price targets, reflecting a nuanced view of Carvana's market position. Despite the positive adjustments in price targets, Carvana faces financial challenges, including a -14.56% decline in revenue growth, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.
March 12, 2024 | 12:01 pm
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Carvana has seen a diverse range of analyst ratings, with a notable increase in the average 12-month price target to $64.38. Financial challenges persist, including negative revenue trends and a high debt-to-equity ratio.
The mixed analyst ratings and the significant increase in the average price target suggest a cautiously optimistic outlook for Carvana. However, the company's financial challenges, such as the negative revenue trend and high debt levels, may temper short-term stock performance. The diverse analyst perspectives and the adjustments in price targets indicate that while there is some positive sentiment, the financial health of the company could hinder significant stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100