Wall Street Analysts See a 57.03% Upside in Carvana (CVNA): Can the Stock Really Move This High?

Group 1 - Carvana (CVNA) shares have increased by 2.4% over the past four weeks, closing at $176.32, with a mean price target of$276.88 indicating a potential upside of 57% [1] - The mean estimate is based on 16 short-term price targets with a standard deviation of $45.35, where the lowest estimate is$200 (13.4% increase) and the highest is $340 (92.8% increase) [2] - Analysts show strong agreement on Carvana's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][10] Group 2 - Recent trends indicate that four earnings estimates for Carvana have been revised higher in the last 30 days, leading to a 4.6% increase in the Zacks Consensus Estimate [11] - Carvana holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside [12] - While the consensus price target may not be a reliable indicator of the stock's gain, it does provide a directional guide for price movement [12]