Carvana's Stock Price Target Raised to $490 by Citigroup

Citigroup analyst Ronald Josey has raised Carvana's (CVNA) price target to $490, an 18.07% increase, and maintained a "Buy" rating. This follows a series of positive ratings and price target adjustments from other analysts, highlighting optimism about Carvana's future market performance. The average target price for CVNA is $369.35, with a high estimate of $500.00 and a low estimate of $148.00.

Title: Citigroup Analyst Raises Carvana Price Target Amid Positive Market Sentiment

Citigroup analyst Ronald Josey has raised Carvana's (CVNA) price target to $490, marking an 18.07% increase. This adjustment follows a series of positive ratings and price target adjustments from other analysts, reflecting optimism about Carvana's future market performance. The average target price for CVNA is $369.35, with estimates ranging from a high of $500.00 to a low of $148.00.

The latest price target increase comes after Carvana reported its second-quarter 2025 earnings, which exceeded Wall Street expectations. The company's revenue of $4.84 billion marked a 42% year-over-year increase, while earnings per share also surpassed forecasts. Analysts have cited Carvana's strong growth trajectory, operational efficiency, and market expansion efforts as key drivers behind the positive outlook.

Piper Sandler, Needham, and BTIG have also raised their price targets for Carvana in recent weeks. Piper Sandler increased its target to $440, while Needham raised its target to $500, maintaining a "Buy" rating. BTIG increased its target to $450, citing strong margins and performance in retail gross profit per unit and per unit operations expense. These developments underscore analysts' confidence in Carvana's operational strategies and financial health.

Despite the positive sentiment, Carvana faces challenges such as managing inventory costs and maintaining thin profit margins. However, the company's innovative business model, which includes online car buying, financing, and trading, has positioned it well in the competitive used-car market.

The latest earnings report and analyst upgrades suggest that Carvana is well-positioned to continue its growth trajectory. As the company expands its market footprint and improves operational efficiencies, investors can expect further positive developments in the coming quarters.

References:
[1] https://www.tipranks.com/news/the-fly/carvana-price-target-raised-to-440-from-340-at-piper-sandler-thefly
[2] https://za.investing.com/news/company-news/carvana-stock-hits-alltime-high-at-39024-usd-93CH-3814117
[3] https://za.investing.com/news/analyst-ratings/needham-raises-carvana-stock-price-target-to-500-from-340-93CH-3813975
[4] https://finimize.com/content/cvna-asset-snapshot