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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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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美銀證券分析師Mike McGovern維持$Carvana (CVNA.US)$買入評級，並將目標價從185美元上調至210美元。
根據TipRanks數據顯示，該分析師近一年總勝率為57.4%，總平均回報率為4.8%。
此外，綜合報道，$Carvana (CVNA.US)$近期主要分析師觀點如下：
由於單位預測略有增加，該公司已向上調整了對第三季度和第四季度的息稅折舊攤銷前利潤預測，這是二手車行業趨勢改善和庫存選擇增加的結果。此外，資產支持證券交易的超額利差超出了預期。據信，估計值仍有可能增加，據觀察，每過一個季度，Carvana在市場上的競爭優勢就會變得更加明顯。
分析師認爲，Carvana第三季度其他GPU的風險有限，第四季度的風險適中。目前對第三季度銷量的預測已調整爲108,100套，較先前的估計有所增加，略高於市場預期。這一前景基於觀察到的網站流量增加和更高的轉化率，這可能是由於庫存擴大、平均銷售價格下降以及貸款年利率略有降低，從而提高了可負擔性。最近爲期三天的港口罷工預計不會產生重大影響，儘管颶風海倫可能在本季度末暫時影響了東南部的銷售，但預計這些銷售將推遲到10月。
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