Expert Outlook: Carvana Through The Eyes Of 18 Analysts
Portfolio Pulse from Benzinga Insights
Analysts' ratings for Carvana (NYSE:CVNA) over the last quarter show a range of sentiments from bullish to bearish. The average 12-month price target has increased by 31.21% to $98.72. Recent analyst actions include several rating raises and price target adjustments, reflecting evolving market conditions and company performance. Carvana has shown strong financial metrics, including a 17.46% revenue growth rate, a net margin of 0.91%, and a return on equity of 10.53%. However, its debt-to-equity ratio is notably high at 22.27.
June 07, 2024 | 8:01 pm
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Analysts' ratings for Carvana (NYSE:CVNA) show mixed sentiments, with an average 12-month price target increase of 31.21% to $98.72. Recent analyst actions include several rating raises and price target adjustments. Carvana has shown strong financial metrics, including a 17.46% revenue growth rate, a net margin of 0.91%, and a return on equity of 10.53%. However, its debt-to-equity ratio is notably high at 22.27.
The increase in the average 12-month price target by 31.21% and several rating raises indicate positive sentiment among analysts. Strong financial metrics such as revenue growth, net margin, and return on equity further support a positive outlook. However, the high debt-to-equity ratio is a concern that may temper some of the optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100