Used Car PricesUsed car prices continue to fall, with the Manheim used car price index indicating an average 3% decrease in wholesale used car prices compared to 4Q23, or down 12% year over year. ValuationThe stock trades at 27x upwardly revised FY25 EBITDA forecast, which is high consideri...
Carvana MarketRank™ Stock Analysis Analyst Rating Hold 2.29 Rating Score Upside/Downside 1.5% Downside $148.40 Price Target Short Interest Bearish 7.45% of Shares Sold Short Dividend Strength N/A Sustainability -2.66 Upright™ Environmental Score ...
Note this assumes the used car market remains depressed throughout 2022 and then Carvana’s retail unit growth increases to 25% a year for the remainder of the forecast and no benefit in lower SG&A or increased gross profit per unit from the additional ADESA locations was assume...
building an old-fashioned offline model this fast is a huge accomplishment. However, it kills the dream of a more efficient way to sell cars and would probably have a significant negative effect on the stock price.
1 Stock That Has Skyrocketed More Than Nvidia Since the Start of 2023: Is It Too Late to Buy? August 30, 2024 | americanbankingnews.com Carvana (NYSE:CVNA) Stock Price Down 1.5% on Insider Selling August 29, 2024 | nasdaq.com