Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of February 28, 2026, Carvana Co. (CVNA) has a Wall Street consensus price target of $465.33, based on estimates from 44 covering analysts. With the stock currently trading at $334.16, this represents a potential upside of +39.3%. The company has a market capitalization of $25.44B.
Analyst price targets range from a low of $320.00 to a high of $550.00, representing a 49% spread in expectations. The median target of $470.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 21 analysts rating the stock as a Buy or Strong Buy,20 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, CVNA trades at a trailing P/E of 39.5x and forward P/E of 45.4x. Analysts expect EPS to grow +71.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $278.33, with bear and bull scenarios of $354.67 and $-245.33 respectively. Model confidence stands at 60/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus Wall Street price target for CVNA is $465.33, representing 39.3% upside from the current price of $334.16. With 44 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
CVNA has a consensus rating of "Buy" based on 44 Wall Street analysts. The rating breakdown is mixed, with 20 Hold ratings making up the largest segment. The consensus 12-month price target of $465.33 implies 39.3% upside from current levels.
At a forward P/E of 45.4324x, CVNA trades at a premium valuation. The consensus price target of $465.33 (39.3% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $550 for CVNA, while the most conservative target is $320. The consensus of $465.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $-245 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CVNA is heavily covered by Wall Street, with 44 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 21 have Buy ratings, 20 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CVNA stock forecast based on 44 Wall Street analysts shows a consensus price target of $465.33, with estimates ranging from $320 (bear case) to $550 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $278, with bear/bull scenarios of $355/$-245.
Our quantitative valuation model calculates CVNA's fair value at $278 (base case), with a bear case of $355 and bull case of $-245. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 60/100.
CVNA trades at a forward P/E ratio of 45.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 39.5x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on CVNA, with a "Buy" consensus rating and $465.33 price target (39.3% upside). 21 of 44 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CVNA analyst price targets range from $320 to $550, a 49% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $465.33 consensus represents the middle ground. Our model's $355-$-245 range provides an independent fundamental perspective.