RBC Capital analyst Brad Erickson maintained a Buy rating on Carvana Co (NYSE:CVNA) on Friday, setting a price target of $425, which is approximately 22.96% above the present share price of $345.65.
Erickson expects Carvana Co to post earnings per share (EPS) of -$0.46 for the third quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Strong Buy rating of shares in Carvana Co, with an average price target of $383.6.
The analysts price targets range from a high of $430 to a low of $283.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $2.25 billion and a net profit of -$59 million. The company's market cap is $27.99 billion.
According to TipRanks.com, RBC Capital analyst Brad Erickson is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 41.0% and a 62.30% success rate.
Founded in 2012, Arizona-based Carvana Co. is an e-commerce platform for buying and selling used cars in the United States. Carvana.com enables consumers to quickly and easily shop more than 20,000 vehicles, finance, trade-in or sell their current vehicle to Carvana, sign contracts, and schedule as-soon-as-next-day delivery or pickup at one of Carvana’s patented, automated Car Vending Machines.