Wells Fargo (NYSE:WFC) analyst Zachary Fadem maintained a Buy rating on Carvana Co (NYSE:CVNA) on Friday, setting a price target of $405, which is approximately 20.18% above the present share price of $337.
Fadem expects Carvana Co to post earnings per share (EPS) of -$0.46 for the third quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Carvana Co, with an average price target of $341.92.
The analysts price targets range from a high of $405 to a low of $275.
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 $27.29 billion.
According to TipRanks.com, Wells Fargo analyst Zachary Fadem is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.4% and a 79.19% 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.