BofA Securities analyst Mike McGovern maintains $Carvana (CVNA.US)$ with a buy rating, and adjusts the target price from $185 to $210.
According to TipRanks data, the analyst has a success rate of 57.4% and a total average return of 4.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carvana (CVNA.US)$'s main analysts recently are as follows:
The firm has adjusted its EBITDA forecasts for Q3 and Q4 upwards due to marginally higher unit projections, which are the result of improved trends in the used vehicle sector and an enhanced selection of inventory. Additionally, the excess spreads on asset-backed securities deals have surpassed expectations. It is believed that there remains a potential for estimates to increase, and it is observed that with each passing quarter, Carvana's competitive edge in the market becomes more pronounced.
Analysts perceive a limited risk for Carvana's Q3 Other GPU and a modest risk for Q4. Current projections for Q3 unit sales have been adjusted to 108,100, an increase from the previous estimate, and slightly above the consensus. This outlook is based on the observed uptick in website traffic and a higher conversion rate, which may be due to an expanded inventory, reduced average selling prices, and slightly lower loan APRs, enhancing affordability. The recent three-day port strike is not expected to have a significant impact, and while Hurricane Helene may have temporarily affected sales in the Southeast at the quarter's end, it is anticipated that these sales were deferred to October.
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美银证券分析师Mike McGovern维持$Carvana (CVNA.US)$买入评级,并将目标价从185美元上调至210美元。
根据TipRanks数据显示,该分析师近一年总胜率为57.4%,总平均回报率为4.8%。
此外,综合报道,$Carvana (CVNA.US)$近期主要分析师观点如下:
由于单位预测略有增加,该公司已向上调整了对第三季度和第四季度的息税折旧摊销前利润预测,这是二手车行业趋势改善和库存选择增加的结果。此外,资产支持证券交易的超额利差超出了预期。据信,估计值仍有可能增加,据观察,每过一个季度,Carvana在市场上的竞争优势就会变得更加明显。
分析师认为,Carvana第三季度其他GPU的风险有限,第四季度的风险适中。目前对第三季度销量的预测已调整为108,100套,较先前的估计有所增加,略高于市场预期。这一前景基于观察到的网站流量增加和更高的转化率,这可能是由于库存扩大、平均销售价格下降以及贷款年利率略有降低,从而提高了可负担性。最近为期三天的港口罢工预计不会产生重大影响,尽管飓风海伦可能在本季度末暂时影响了东南部的销售,但预计这些销售将推迟到10月。
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