Used Car Seller Carvana On Road To $15B Revenue By 2025 As Unit Growth Accelerates: BofA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: Benzinga
Analyst Rating and Market Position: BofA Securities analyst Michael McGovern has reinstated coverage on Carvana Co. with a Buy rating and a price target of $185, citing the company's strong position for long-term growth in the fragmented used car market.
Financial Projections: McGovern anticipates Carvana's revenue to reach $15.45 billion and EBITDA of $1.50 billion by 2025, slightly exceeding market estimates, with expectations of continued recovery in used car sales as interest rates decline.
Analyst Views on EBIZ
Wall Street analysts forecast EBIZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EBIZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 32.669
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Current: 32.669
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
