Carvana swings to profit in Q4, touts strong year ahead

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Carvana (CVNA) PT Raised to $320 at Citi

February 20, 2025 8:34 AM EST

Citi analyst Ronald Josey raised the price target on Carvana (NYSE: CVNA) to $320.00 (from $277.00) while maintaining a Buy rating.

The analyst comments "Following 4Q24 results whereby Retail Unit sales +50% Y/Y (5% above FactSet consensus), EBITDA of $359M (16.5% above consensus), and 1Q & 25 guidance... More

Carvana (CVNA) PT Raised to $340 at Needham

February 20, 2025 6:12 AM EST

Needham analyst Chris Pierce raised the price target on Carvana (NYSE: CVNA) to $340.00 (from $330.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our price target to $340. We see CVNA as the best large cap... More

BTIG Reiterates Buy Rating on Carvana (CVNA)

February 20, 2025 5:25 AM EST

BTIG analyst Marvin Fong reiterated a Buy rating and $295.00 price target on Carvana (NYSE: CVNA).

The analyst comments "VNA delivered another strong quarter that shows it is putting more distance between itself and traditional dealer peers, but results didn't match last quarter's surprise when EBITDA was $99MM ahead of expectations. This quarter, CVNA "only" beat EBITDA expectations by $30MM, coming in at $359MM vs. the $329MM consensus. Non-GAAP Retail GPU was $3,331. We note Visible Alpha had retail GPU at $3,263 but Factset is reporting a higher $3,376 for consensus retail GPU. We will likely... More