Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Carvana Co (NYSE:CVNA) on Wednesday, setting a price target of $400, which is approximately 24.59% above the present share price of $321.06.
Sebastian expects Carvana Co to post earnings per share (EPS) of $0.27 for the third quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Carvana Co, with an average price target of $397.71.
The analysts price targets range from a high of $470 to a low of $306.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.34 billion and a net profit of $82 million. The company's market cap is $27.13 billion.
According to TipRanks.com, Robert W. Baird analyst Colin Sebastian is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.4% and a 65.45% 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.