Carvana’s recent analyst upgrade and $400 price target, boosted by a bullish macro outlook and strong sales projections, shows growing investor confidence despite a high P/E.
Carvana Co.’s stock is at a crossroads, with analysts predicting a rebound despite the company’s history of unprofitability at scale and a high price-to-earnings ratio of 91.1.
Carvana’s growth trajectory remains strong despite concerns over subprime debt, with analysts reaffirming their confidence in the company’s business model and setting a $450 price target.
Carvana Co.’s stock surges 46% year-over-year after a record-breaking Q1 performance, with analysts noting its robust business model and strategic initiatives.