Used Car Seller Carvana On Road To $15B Revenue By 2025 As Unit Growth Accelerates: BofA
Used Car Seller Carvana On Road To $15B Revenue By 2025 As Unit Growth Accelerates: BofA
As prices normalize, car supply returns, and interest rates begin to fall, the market is recovering, adds the analyst.BofA Securities analyst Michael McGovern reinstated coverage on Carvana Co. (NYSE:CVNA) with a Buy rating and a price target of $185.
BofA证券分析师Michael McGovern重新开始对Carvana Co. (纽交所:CVNA)进行覆盖，并给予买入评级和185美元的目标价。
The analyst believes the company is well-positioned for sustained long-term growth in the $800 billion+ fragmented market.
该分析师认为该公司在8000亿+的碎片化市场中处于良好的持久增长地位。
McGovern expects Carvana to sustain recent improvements in unit economics and leverage as growth accelerates.
McGovern预计随着增长加速，Carvana将保持最近改善的单元经济和杠杆效应。
As prices normalize, car supply returns, and interest rates begin to fall, the market is recovering, adds the analyst.
分析师指出，随着价格趋于正常、汽车供应恢复和利率开始下降，市场正在复苏。
Used car sales remain around 20% below pre-COVID levels, and the analyst anticipates further recovery as rates decrease.
二手车销售仍然比COVID前水平低约20%，分析师预计随着利率下降，进一步复苏将会出现。
The analyst anticipates Carvana's 2025 revenue of $15.45 billion and EBITDA of $1.50 billion, slightly above Street estimates of $15.31 billion and $1.46 billion, respectively.
该分析师预计，Carvana在2025年的营业收入为154.5亿美元，EBITDA为15亿美元，略高于街头预期的153.1亿美元和14.6亿美元。
Also Read: Carvana Drives Profitability With Stronger Unit Sales In 'Another Sterling Quarter,' 4 Analysts Are Optimistic
还要阅读: Carvana通过更强劲的销售量推动盈利能力，在'另一个出色的季度'中，4位分析师表示乐观
The analyst assumes a 20% gross margin and SG&A expenses at 14% of revenue for the year.
分析师预计，全年20%的毛利率和14%的销售和管理费用占收入。
For 2026, McGovern expects 20% revenue growth driven by high-teens retail unit growth.
麦格文预计2026年营业收入增长20%，受到高十年代的零售部门增长的推动。
The analyst notes near-term profit estimates are achievable without significant new capacity investments as unit growth accelerates and less reconditioning site expansion is needed.
分析师指出，随着销售单位增长加速和更少的改装网站扩张需求，近期利润预测是可以实现的，而无需进行重大的新能力投资。
Investors can gain exposure to GitLab via Tidal ETF Trust II Pinnacle Focused Opportunities ETF (NYSE:FCUS) and Global X E-commerce ETF (NASDAQ:EBIZ).
投资者可以通过Tidal ETF Trust II Pinnacle Focused Opportunities ETF (纽交所：FCUS)和Global X电子商务ETF (纳斯达克：EBIZ)获得GitLab的曝光 。
Price Action: CVNA shares are up 1.09% at $154.56 at the last check Tuesday.
Carvana股票的价格行为：周二最后检查时，CVNA股票上涨1.09%，至154.56美元。
Photo via Shutterstock
图片来自shutterstock。
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