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Do Analysts Agree Friday on Carvana Co (CVNA) Stock's Target Price?

Friday, March 01, 2024 11:22 AM | InvestorsObserver Analysts

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Do Analysts Agree Friday on Carvana Co (CVNA) Stock's Target Price?

InvestorsObserver is giving Carvana Co (CVNA) an Analyst Rating Rank of 5, meaning CVNA is ranked higher by analysts than 5% of stocks. The average price target for CVNA is $51.187 and analyst’s rate the stock as a Hold.

Overall Score - 3
Wall Street analysts are rating CVNA a Hold today. Find out what this means to you and get the rest of the rankings on CVNA!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Carvana Co Stock Today?

Carvana Co (CVNA) stock is trading at $79.05 as of 11:14 AM on Friday, Mar 1, an increase of $3.17, or 4.18% from the previous closing price of $75.88. The stock has traded between $75.41 and $79.34 so far today. Volume today is low. So far 2,110,180 shares have traded compared to average volume of 8,395,572 shares. Click Here to get the full Stock Report for Carvana Co stock.

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