In the article, we have discussed the Carvana Stock Forecast 2024, 2025 and 2030. It is an Automotive Retailer company. Read the article to learn more about Carvana Co.
About Carvana Co.
Carvana Co. is an online used car retailer based in Tempe, Arizona. It is founded by Ernest Garcia III, Ryan Keeton, and Ben Huston in the year 2012. Its Headquarters is located in Tempe, Arizona, United States.
The company was the fastest-growing online used car dealer in the United States and is known for its multi-story glass tower car vending machines. Carvana was named to the 2021 Fortune 500 list, one of the youngest companies to be added to the list.
The company’s total market cap is $9.40 billion as per Yahoo Finance and its revenue is $13.6 billion (2022) with a total revenue growth of 22.98%.
Carvana Stock Forecast 2024, 2025, 2026, and 2030
| Year | Minimum Price (USD) | Average Price (USD) | Maximum Price (USD) | Change from Previous Year (USD) |
| 2024 | $30.24 | $44.38 | $58.52 | -19.82% |
| 2025 | $35.16 | $50.22 | $65.28 | -13.46% |
| 2026 | $40.08 | $56.06 | $72.04 | -7.10% |
| 2027 | $45 | $61.90 | $78.80 | -1.06% |
| 2028 | $50.92 | $67.74 | $84.56 | 6.08% |
| 2029 | $56.84 | $73.58 | $90.32 | 11.20% |
| 2030 | $62.76 | $79.42 | $96.08 | 16.32% |
Table of Details of Carvana Stock
| Stock Name | Carvana |
| Founded | 2012 |
| Founder | Ernest Garcia III, Ryan Keeton, and Ben Huston |
| CEO | Ernest Garcia III |
| Headquarters | Tempe, Arizona, United States |
| Number of employees | 16,600 (2022) |
| Stock listed | NYSE: CVNA |
| Revenue | $13.6 billion (2022) |
| Subsidiaries | Carvana, LLC, Carlypso Inc., MORE |
| Market Cap | $9.40 billion (Yahoo Finance) |
| Industry | Automotive retail |
| Official Website | https://www.carvana.com/ |
| Competitors | CarMax, Lithia Motors, Penske Automotive Group, AutoNation, Shift, Vroom, CarGurus, TrueCar |
| Revenue growth | 22.98% |
| International countries | United States |
| Investments in | Used car online retail |
Carvana Stock Official Website
Carvana Stock – AI Analyst Ratings
Here are 16 ratings in which there are 1 Buy, 13 Hold, and 2 Sell.
(Based on 16 analysts giving stock ratings to Carvana Co in the past 3 months)
Carvana Stock Forecast 2024
Carvana Stock Forecast for the year 2024 is between $30.24 to $58.52. Currently, it is traded at $30.24. Its price will overall change by -19.82%.
Here the minimum price of the Carvana stock will be $30.24 and the maximum price will be $58.52.
Growing pressure from traditional dealerships and online competitors impacts Carvana’s market share and profitability.
Carvana Stock Forecast 2025
In the year 2025, its price will overall change by -13.46%. The maximum and minimum prices of the Carvana Stock will be $65.28 and $35.16 respectively.
Analyst Predictions:
- Limited data: Due to the longer timeframe, there are fewer analyst forecasts available for 2025.
- Current consensus: The existing data mostly reflects a “Hold” rating, suggesting potential for sideways movement or slight fluctuations.
The competitive landscape in the used car market is expected to evolve further. Traditional dealerships, online competitors, and emerging technologies could reshape the market dynamics.
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Carvana Stock Forecast 2026
Predicting the stock price of Carvana (CVNA) four years into the future, until 2026, is very difficult with any certainty.
Although the minimum and maximum price of the Carvana Stock will be $40.08 and $72.04. The average price of the stock during the whole year will be around $56.06.
The online used car market is becoming increasingly competitive, with traditional dealerships and other startups also vying for market share. If Carvana successfully executes its expansion plans and improves its operational efficiency, it could achieve significant growth in the future.
Carvana Stock Forecast 2030
It’s even more difficult to predict Carvana’s stock price in 2030, seven years from now, compared to forecasting it for 2026. The uncertainties surrounding the automotive industry, economic landscape, and technological advancements make any long-term forecast highly speculative.
However, its minimum and maximum prices will be $62.76 and $96.08 respectively. During the whole year, its average price will be around $79.42.
Major Holders
| 8.83% | % of Shares Held by All Insider |
| 100.63% | % of Shares Held by Institutions |
| 110.39% | % of Float Held by Institutions |
| 352 | Number of Institutions Holding Shares |
Top Institutional Holders
| Holder | Shares | Date Reported | % Out | Value |
| Morgan Stanley | 14,756,510 | Sep 29, 2023 | 12.94% | 781,209,619 |
| Spruce House Investment Management LLC | 10,000,000 | Sep 29, 2023 | 8.77% | 529,399,986 |
| Vanguard Group Inc | 9,367,976 | Sep 29, 2023 | 8.22% | 495,940,636 |
| Blackrock Inc. | 6,972,658 | Sep 29, 2023 | 6.11% | 369,132,504 |
| CAS Investment Partners, LLC | 6,827,803 | Sep 29, 2023 | 5.99% | 361,463,881 |
| Greenoaks Capital Partners LLC | 6,040,032 | Sep 29, 2023 | 5.30% | 319,759,285 |
| Price (T.Rowe) Associates Inc | 5,181,223 | Sep 29, 2023 | 4.54% | 274,293,938 |
| FMR, LLC | 4,696,510 | Sep 29, 2023 | 4.12% | 248,633,232 |
| Lingotto Investment Management Llp | 4,625,272 | Sep 29, 2023 | 4.06% | 244,861,893 |
| Shaw D.E. & Co., Inc. | 2,816,553 | Sep 29, 2023 | 2.47% | 149,108,311 |
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Conclusion
Carvana Co. is an online used car retailer and it has many competitors in the market like CarMax, Lithia Motors, Penske Automotive Group, AutoNation, Shift, Vroom, CarGurus, and TrueCar.
It’s crucial to remember that this information is not financial advice. Always conduct your research and consult with a qualified financial advisor before making any investment decisions.
Disclaimer
This price prediction is only for reference purposes, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis. This article is just for informational purposes. Consider your financial advisor before investing anywhere.
FAQ
Is Carvana a stock to buy?
Here are 16 ratings in which there are 1 Buy, 13 Hold, and 2 Sell.
What is the prediction for Carvana stock?
The median estimate of $35.00 for the next 12 months indicates a -33.91 % decrease. (CNN Money)
Is Carvana undervalued?
Carvana Co is Undervalued by 1%
What is the stock price prediction for Carvana in 2024?
Carvana Stock Forecast for the year 2024 is between $30.24 to $58.52. Currently, it is traded at $30.24. Its price will overall change by -19.82%.
Is Carvana a healthy company?
while Carvana was focusing on business growth, it wasn’t focused on profits.