Used Car Seller Carvana On Road To $15B Revenue By 2025 As Unit Growth Accelerates: BofA
Used Car Seller Carvana On Road To $15B Revenue By 2025 As Unit Growth Accelerates: BofA
BofA Securities analyst Michael McGovern reinstated coverage on Carvana Co. (NYSE:CVNA) with a Buy rating and a price target of $185.
BofA證券分析師Michael McGovern重新開始對Carvana Co. (紐交所:CVNA)進行覆蓋，並給予買入評級和185美元的目標價。
The analyst believes the company is well-positioned for sustained long-term growth in the $800 billion+ fragmented market.
該分析師認爲該公司在8000億+的碎片化市場中處於良好的持久增長地位。
McGovern expects Carvana to sustain recent improvements in unit economics and leverage as growth accelerates.
McGovern預計隨着增長加速，Carvana將保持最近改善的單元經濟和槓桿效應。
As prices normalize, car supply returns, and interest rates begin to fall, the market is recovering, adds the analyst.
分析師指出，隨着價格趨於正常、汽車供應恢復和利率開始下降，市場正在復甦。
Used car sales remain around 20% below pre-COVID levels, and the analyst anticipates further recovery as rates decrease.
二手車銷售仍然比COVID前水平低約20%，分析師預計隨着利率下降，進一步復甦將會出現。
The analyst anticipates Carvana's 2025 revenue of $15.45 billion and EBITDA of $1.50 billion, slightly above Street estimates of $15.31 billion and $1.46 billion, respectively.
該分析師預計，Carvana在2025年的營業收入爲154.5億美元，EBITDA爲15億美元，略高於街頭預期的153.1億美元和14.6億美元。
Also Read: Carvana Drives Profitability With Stronger Unit Sales In 'Another Sterling Quarter,' 4 Analysts Are Optimistic
還要閱讀: Carvana通過更強勁的銷售量推動盈利能力，在'另一個出色的季度'中，4位分析師表示樂觀
The analyst assumes a 20% gross margin and SG&A expenses at 14% of revenue for the year.
分析師預計，全年20%的毛利率和14%的銷售和管理費用佔收入。
For 2026, McGovern expects 20% revenue growth driven by high-teens retail unit growth.
麥格文預計2026年營業收入增長20%，受到高十年代的零售部門增長的推動。
The analyst notes near-term profit estimates are achievable without significant new capacity investments as unit growth accelerates and less reconditioning site expansion is needed.
分析師指出，隨着銷售單位增長加速和更少的改裝網站擴張需求，近期利潤預測是可以實現的，而無需進行重大的新能力投資。
Investors can gain exposure to GitLab via Tidal ETF Trust II Pinnacle Focused Opportunities ETF (NYSE:FCUS) and Global X E-commerce ETF (NASDAQ:EBIZ).
投資者可以通過Tidal ETF Trust II Pinnacle Focused Opportunities ETF (紐交所：FCUS)和Global X電子商務ETF (納斯達克：EBIZ)獲得GitLab的曝光 。
Price Action: CVNA shares are up 1.09% at $154.56 at the last check Tuesday.
Carvana股票的價格行爲：週二最後檢查時，CVNA股票上漲1.09%，至154.56美元。
Photo via Shutterstock
圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。