Where Will Carvana Stock Be in 3 Years?
(NYSE: CVNA) shares have been on an absolute tear this year, up over 700% so far. Despite a renewed sense of optimism surrounding the most speculative of growth tech stocks, this company has benefited from a new debt deal that should ease the company's financial stress in the near term.
But investors need to understand that this is still a very risky company. There's a lot of uncertainty as it relates to Carvana's long-term future.
However, if we assume that this used car retailer can continue improving its financial position and return to outsized growth again, where could the stock be in three years? Continue reading to see what I think about Carvana's prospects.
Source Fool.com
Carvana Co. Stock
€125.78
-8.570%
Based on 9 Buy predictions and 7 Sell predictions the sentiment towards Carvana Co. is rather balanced.
On the other hand, the target price of 120 € is below the current price of 125.78 € for Carvana Co., so the potential is actually -4.6%.
