Carvana Co. (CVNA) Stock Forecast & Predictions

Carvana Co. - Class A CVNA: $265.01

1930 W Rio Salado Pkwy, Tempe, Arizona, US. | Sector: Retail Trade | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web:

  • Market Cap$12.55B
  • Change (52 Weeks)224.40%
  • Low (52 Weeks)$71.56
  • Carvana Co. (CVNA) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Carvana Co. (CVNA) stock price is $265.01 and the 52 weeks low is $71.56, which means the Carvana Co. stock price is up 224.40% in the last 12 months.

    Carvana Co. (CVNA) Stock Price has been Trending Strongly with an ADX reading of 26.36 as per the Weekly Chart.

    A Upward trend indicates that Carvana Co. (CVNA) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that CVNA Stock price might rise further, 31.25% indicating that CVNA Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall CVNA stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Carvana Co. (CVNA) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Carvana Co. (CVNA) is based on 30 Institutional Analyst Ratings where 46.67% are on Strong Buy, 23.33% on Moderate Buy, 26.67% remains on Hold, 0.00% are on Moderate Sell and 3.33% are on Strong Sell.

    Out of 30 Institutional Analysts, majority recommended CVNA stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Carvana Co..

    Carvana Co. (CVNA) Stock Price Prediction By Analysts


    HighLowAverage
    $441.00$191.90$310.49
    $310.4917.16% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for CVNA set by the institutional analysts is $310.49 where High Estimate is $441.00, Median $314.16 and Low $191.90.

    The average price target for CVNA by Institutional Analysts is $310.49, which is 17.16% Upside from the current price. So according to the Institutional Analysts, CVNA Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Carvana Co. (CVNA) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with CVNA stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about CVNA and holding their positions hoping for a further rise in the stock price and more profit.

    Carvana Co. (CVNA) Stock Forecast Based on News Sentiment


    Neutral
    Based on 2 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of CVNA consisting of positive and negative, it shows that Carvana Co. had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so CVNA stock price most likey won't have any reaction to last weeks news coverage.

    Carvana Co. (CVNA) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond JamesMarket PerformInitiated
    JefferiesBuyMaintained
    Morgan StanleyOverweightUpgraded
    JMP SecuritiesMarket OutperformMaintained
    Cowen & Co.OutperformMaintained
    BairdOutperformMaintained
    Truist SecuritiesBuyInitiated
    JefferiesBuyInitiated
    DA DavidsonNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    NeedhamBuyMaintained
    BairdOverweightMaintained
    Morgan StanleyEqual-WeightUpgraded
    Piper SandlerOverweightMaintained
    NeedhamBuyMaintained
    B. Riley FBRNeutralDowngraded
    Goldman SachsBuyUpgraded
    StifelHoldInitiated
    CitigroupBuyMaintained
    B of A SecuritiesNeutralDowngraded
    Wells FargoOverweightMaintained
    WedbushNeutralMaintained
    Piper SandlerOverweightMaintained
    Morgan StanleyUnderweightMaintained
    NeedhamBuyMaintained
    Piper SandlerOverweightInitiated
    WedbushNeutralMaintained
    Goldman SachsNeutralInitiated
    Wells FargoOverweightMaintained
    NeedhamBuyMaintained
    Nomura InstinetNeutralMaintained
    Wells FargoOverweightMaintained
    CitigroupBuyMaintained
    OppenheimerOutperformMaintained
    Morgan StanleyUnderweightMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyUnderweightMaintained
    B. Riley FBRBuyMaintained
    B of A SecuritiesBuyReiterated
    B. Riley FBRBuyMaintained
    Nomura InstinetNeutralInitiated
    NeedhamBuyMaintained
    Morgan StanleyUnderweightMaintained
    Wells FargoOverweightMaintained
    Wells FargoOverweightMaintained
    CitigroupBuyMaintained
    NeedhamBuyMaintained
    B of A SecuritiesBuyReiterated
    Wells FargoOverweightMaintained
    CFRAStrong SellDowngraded
    CFRASellReiterated
    CFRASellDowngraded
    BairdOutperformMaintained
    B of A SecuritiesBuyMaintained
    WedbushNeutralMaintained
    Stephens & Co.Equal-WeightMaintained
    NeedhamBuyMaintained
    Deutsche BankHoldMaintained
    B. Riley FBRBuyMaintained
    Deutsche BankHoldInitiated
    Evercore ISI GroupIn-LineInitiated
    BenchmarkHoldInitiated
    CitigroupBuyMaintained
    Wells FargoOutperformMaintained
    WedbushNeutralMaintained
    WedbushNeutralMaintained
    Morgan StanleyUnderweightMaintained
    JP MorganNeutralInitiated
    OppenheimerOutperformInitiated
    NeedhamBuyInitiated
    JMP SecuritiesMarket OutperformReiterated
    BMO CapitalMarket PerformMaintained
    Morgan StanleyUnderweightReiterated
    Cowen & Co.OutperformInitiated
    WedbushNeutralMaintained
    WedbushNeutralMaintained
    BMO CapitalMarket PerformMaintained
    Morgan StanleyUnderweightMaintained
    BairdOutperformMaintained
    Seaport GlobalNeutralInitiated
    Morgan StanleyUnderweightInitiated
    CitigroupBuyInitiated
    JMP SecuritiesMarket OutperformMaintained
    BairdOutperformMaintained
    Wells FargoOutperformMaintained
    CitigroupBuyMaintained
    Stephens & Co.Equal-WeightInitiated
    JMP SecuritiesMarket OutperformMaintained
    CitigroupBuyMaintained
    BMO CapitalMarket PerformMaintained
    BairdOutperformMaintained
    WedbushNeutralMaintained
    CitigroupBuyMaintained
    BairdOutperformMaintained
    Bank of AmericaBuyMaintained
    B. Riley FBRBuyUpgraded
    WedbushNeutralMaintained
    CitigroupBuyMaintained
    Barrington ResearchOutperformUpgraded
    Craig-HallumHoldDowngraded
    BMO CapitalMarket PerformDowngraded
    Deutsche BankHoldDowngraded
    JMP SecuritiesOutperformMaintained
    BMO CapitalOutperformMaintained
    Barrington ResearchMarket PerformInitiated
    B. Riley FBRSellInitiated
    B. RileySellInitiated
    WedbushNeutralInitiated
    William BlairOutperformInitiated
    Wells FargoOutperformInitiated
    JMP SecuritiesOutperformInitiated
    CitigroupBuyInitiated
    BMO CapitalOutperformInitiated
    Bank of AmericaBuyInitiated
    BairdOutperformInitiated
    Craig-HallumBuyInitiated
    SusquehannaNeutralInitiated

    Carvana Co. (CVNA) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.405
    The average consensus EPS for CVNA is $-0.405 with a high estimate of $-0.126 and Low of $-0.725 for the period 2021-06-30 and based on 25 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.25$-0.32596142020-09-30


    The latest average Earning Per Share Estimate for Carvana Co. is $-0.40, which is lower than CVNA's last EPS, $-0.25. This means that Analysts are expecting Carvana Co. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Carvana Co..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.25$-0.32596142020-09-30
    $-0.62$-0.84761999999999992020-06-30
    $-1.18$-0.63401162020-03-31
    $-0.79$-0.64179420000000012019-12-31
    $-0.56$-0.40525622019-09-30
    $-0.4$-0.424758600000000042019-06-30
    $-0.53$-0.47714582019-03-31
    $-0.55$-0.495567000000000042018-12-31
    $-0.4$-0.381482018-09-30
    $-0.37$-0.35264462018-06-30
    $-0.4$-0.40766342018-03-31
    $-0.36$-0.34507622017-12-31
    $-0.29$-0.305051400000000032017-09-30
    $-0.28$-0.304867799999999972017-06-30
    $-0.28$-0.294525000000000042017-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).