Key Highlights:
- Carvana is expanding operations with a new facility in Colorado Springs, boosting its vehicle inventory and logistics.
- Analyst consensus predicts a potential upside for Carvana stocks with an average target price of $253.74.
- GuruFocus GF Value suggests a significant downside, estimating the stock should be valued at $47.28.
Carvana (CVNA, Financial) is strategically broadening its operational footprint by establishing a new auction and reconditioning megasite in Colorado Springs. This expansion is designed to significantly bolster Carvana's vehicle inventory capabilities and enhance production efficiency at their existing ADESA location. This development promises not only quicker vehicle shipping but also new employment prospects. Notably, Carvana's shares have recently surged by 4%, reflecting investor optimism.
Wall Street Analysts Forecast
According to projections from 19 analysts, the average one-year price target for Carvana Co (CVNA, Financial) is set at $253.74, with the highest forecast hitting $340.00 and the lowest at $148.00. This average price target indicates a potential upside of 14.85% from Carvana's current trading price of $220.94. For further insights, delve into the full analysis on the Carvana Co (CVNA) Forecast page.
The consensus from 23 brokerage firms rates Carvana Co (CVNA, Financial) at an average of 2.3 on a scale of 1 to 5, where 1 denotes a Strong Buy and 5 suggests a Sell. This places Carvana in the "Outperform" category, indicating positive sentiment among analysts.
However, when considering the GF Value estimate provided by GuruFocus, Carvana Co (CVNA, Financial) presents a contrasting outlook. The estimated GF Value is $47.28, which implies a substantial downside of 78.6% from its current price of $220.94. GF Value is GuruFocus's assessment of the fair market value based on historical trading multiples and anticipated business performance. For a more comprehensive analysis, visit the Carvana Co (CVNA) Summary page.
