CVNA Price Prediction Next Week
Technical Analysis
Based on recent price action and technical indicators, CVNA shows a bearish reversal pattern after reaching $272.40. The stock has experienced significant selling pressure following its Q4 earnings report, with declining volumes suggesting weakening momentum.
News Impact
- Recent earnings triggered a stock slide despite better-than-expected results
- Morgan Stanley noted "expectations were high" and cited "lack of specific FY25 margin guide" as concerns
- Company announced integration of inspection capabilities at ADESA Indianapolis site, potentially creating 200 new jobs
Price Forecast (Next Week) Target Price Range: $245-255
- Support levels: $250, $240
- Resistance levels: $275, $285
The stock appears overbought after surging 387% over the past year. Technical indicators suggest a pullback is likely in the coming week.
Trading Recommendation: SELL Rationale:
- Valuation near historical highs with P/S ratio of 3.6x
- Recent earnings-driven selloff indicates profit-taking
- High debt burden of $5.6B remains a concern
- Competition intensifying with Amazon's entry into online car sales
Target Entry: Current market price (~$269) Stop Loss: $285 Take Profit: $245
CVNA Similar Chart Price Prediction
The price of CVNA is predicted to go up 6.68%, based on the high correlation periods with OC. The similarity of these two price pattern on the periods is 97.13%.
CVNA
OC
Up: 6.68%Similarity: 97.13%
CVNA Revenue Forecast
CVNA EPS Forecast
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CVNA Analyst's Forecast
Rajat Gupta
JP Morgan
Buy
2025-03-07
Price Target
$350 → $365
Upside
+93.66%
JPMorgan analyst Rajat Gupta says the recent pullback in Carvana shares post the Q4 results "makes the risk/reward skew highly compelling." The firm believes concerns around retail gross profit per unit are misplaced and investor focus should rather be on Carvana's EBITDA and EBITDA per unit, which it says continue to stay on a strong trajectory. The Carvana debt complex has held in relatively well since Q4 earnings, with trading levels decoupling from the recent equity underperformance, the analyst tells investors in a research note. JPMorgan believes the company's debt ratings are "due for an upgrade" and keeps an Overweight rating on the shares with a $350 price target.
Ronald Josey
Citigroup
Strong Buy
2025-02-21
Price Target
$277 → $320
Upside
+43.3%
Michael Baker
DA Davidson
Hold
2025-02-20
Price Target
$220 → $260
Upside
+4.96%
