The Analyst Verdict: Carvana In The Eyes Of 22 Experts
Portfolio Pulse from Benzinga Insights
Carvana (NYSE:CVNA) has received mixed analyst ratings over the past three months, with a recent increase in average 12-month price targets. Analysts have raised their price targets, reflecting a more optimistic outlook. Carvana's financials show positive revenue growth but challenges in profitability and asset utilization.
October 23, 2024 | 3:00 pm
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Carvana has received a range of analyst ratings, with recent increases in price targets indicating a more optimistic outlook. The average price target has risen to $178.45, with a high of $250.00. Despite positive revenue growth, Carvana faces challenges in profitability and asset utilization.
The increase in average price targets from analysts suggests a more positive outlook for Carvana's stock in the short term. The company's revenue growth is a positive indicator, but challenges in profitability and asset utilization may temper expectations. Overall, the analyst sentiment and financial performance suggest a likely upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100