20 Analysts Assess Carvana: What You Need To Know
Portfolio Pulse from Benzinga Insights
20 analysts have recently assessed Carvana (NYSE:CVNA), providing a range of ratings from bullish to bearish. The average 12-month price target has increased by 19.1% to $153.85. Analysts have adjusted their ratings and price targets, reflecting evolving sentiments. Carvana shows strong financial performance with notable revenue growth and profitability, but faces challenges in debt management.
September 09, 2024 | 3:00 pm
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Carvana (NYSE:CVNA) has received a range of analyst ratings, with an average 12-month price target increase of 19.1% to $153.85. The company shows strong financial performance with revenue growth and profitability, but faces high debt levels.
The increase in the average price target by 19.1% suggests positive sentiment among analysts, which could lead to a short-term price increase. Carvana's strong financial performance supports this outlook, although high debt levels pose a risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100