Based on the provided data, here's a concise analysis of CVNA's valuation:
CVNA appears to be trading at elevated levels with concerning valuation metrics. The stock's current price of $261.49 represents a significant premium with a P/S ratio of 2.04 and an EV/EBITDA of 40.31 in the latest quarter, suggesting stretched valuations compared to historical norms.
Technical indicators show an RSI of 71.34, indicating overbought conditions, while the stock is trading well above its 20-day moving average of $236.28, suggesting potential near-term pullback risks.
Recent analyst actions reveal mixed sentiment - while JPMorgan raised its target to $350 citing potential outperformance, Wedbush maintains a more cautious Hold rating with a $250 target, implying downside from current levels.
The stock's dramatic recovery from its 2022 lows appears to be pricing in significant optimism about future growth, but current valuation levels suggest limited upside potential given the competitive used car market landscape and interest rate environment.