Carvana Co. shares have fallen 31.6% from their 52-week high of $97.38 reached on January 23, yet Wall Street analysts remain bullish with a consensus Strong Buy rating and a mean price target of $94.40, implying a potential upside of 41.8% from current levels. Over the past three months, the stock gained 14.3%, outperforming the SPDR S&P Retail ETF's 9.4% advance, but on a year-to-date basis it is down 21.1%, lagging the ETF's 1.3% gain. The company reported first-quarter earnings per share of $1.69 on revenue of $6.4 billion, both exceeding analyst estimates. In the auto and truck dealerships sector, rival CarMax has risen 36.5% year-to-date but remains down 23.1% over the past 52 weeks.
Carvana CoAnalyst consensus Strong Buy with 41.8% upside price target and Q1 earnings beat.
CarMax Inc