Carvana Co.

DB:CV0 Stock Report

Market Cap: €58.6b

Carvana Valuation

Is CV0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CV0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€567.05
Fair Value
52.5% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: CV0 (€269.2) is trading below our estimate of fair value (€567.05)

Significantly Below Fair Value: CV0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CV0?

Key metric: As CV0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CV0. This is calculated by dividing CV0's market cap by their current earnings.
What is CV0's PE Ratio?
PE Ratio103.5x
EarningsUS$398.00m
Market CapUS$65.84b

Price to Earnings Ratio vs Peers

How does CV0's PE Ratio compare to its peers?

The above table shows the PE ratio for CV0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.4x
AG1 AUTO1 Group
99.5x31.23%€5.4b
ZAL Zalando
29.9x18.17%€8.1b
FIE Fielmann Group
28.9x14.98%€4.7b
HBM HORNBACH Baumarkt
19.3xn/a€2.1b
CV0 Carvana
103.5x24.72%€65.8b

Price-To-Earnings vs Peers: CV0 is expensive based on its Price-To-Earnings Ratio (103.5x) compared to the peer average (44.4x).

Price to Earnings Ratio vs Industry

How does CV0's PE Ratio compare vs other companies in the European Specialty Retail Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CV0 103.5xIndustry Avg. 18.1xNo. of Companies14PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CV0 is expensive based on its Price-To-Earnings Ratio (103.5x) compared to the European Specialty Retail industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is CV0's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CV0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio103.5x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: CV0 is expensive based on its Price-To-Earnings Ratio (103.5x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CV0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€269.20
€252.69
-6.13%
20.18%€304.44€96.70n/a20
May ’26€210.35
€229.00
+8.87%
21.06%€301.14€95.66n/a20
Apr ’26€196.22
€245.96
+25.35%
21.65%€314.91€100.03n/a20
Mar ’26€223.15
€264.82
+18.68%
19.46%€337.47€104.13n/a20
Feb ’26€239.40
€244.46
+2.11%
21.37%€337.65€104.19n/a20
Jan ’26€203.40
€235.84
+15.95%
19.89%€312.81€102.37n/a20
Dec ’25€245.70
€235.10
-4.31%
19.27%€305.44€103.09n/a20
Nov ’25€210.15
€216.62
+3.08%
24.86%€295.30€99.66n/a19
Oct ’25€157.66
€138.51
-12.15%
21.48%€178.94€64.42n/a21
Sep ’25€134.98
€134.35
-0.47%
21.79%€179.76€64.71n/a19
Aug ’25€133.88
€132.18
-1.27%
25.48%€185.34€50.04n/a19
Jul ’25€114.66
€102.22
-10.85%
23.96%€140.45€50.56n/a17
Jun ’25€92.84
€97.87
+5.42%
21.20%€125.00€50.00n/a17
May ’25€77.85
€61.01
-21.63%
22.29%€83.94€24.25€210.3518
Apr ’25€81.40
€58.52
-28.11%
23.57%€83.79€24.21€196.2218
Mar ’25€75.65
€51.20
-32.32%
23.71%€73.76€23.97€223.1517
Feb ’25€39.04
€35.65
-8.68%
31.67%€57.24€13.85€239.4018
Jan ’25€49.94
€33.56
-32.79%
30.51%€56.69€13.72€203.4017
Dec ’24€28.50
€31.87
+11.83%
28.67%€55.01€13.75€245.7017
Nov ’24€24.56
€38.69
+57.52%
32.89%€56.78€4.73€210.1517
Oct ’24€39.36
€40.60
+3.15%
33.95%€59.48€4.72€157.6617
Sep ’24€47.16
€38.77
-17.80%
34.44%€57.75€4.58€134.9817
Aug ’24€44.40
€36.92
-16.84%
38.29%€57.15€4.54€133.8817
Jul ’24€23.66
€14.32
-39.48%
55.15%€32.86€0.91€114.6616
Jun ’24€14.58
€10.65
-26.98%
61.22%€33.10€0.92€92.8419
May ’24€6.06
€8.66
+43.09%
43.95%€18.18€0.91€77.8517
AnalystConsensusTarget
Consensus Narrative from 20 Analysts
€248.91
Fair Value
8.2% overvalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 15:40
End of Day Share Price 2025/05/19 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Carvana Co. is covered by 45 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Colin SebastianBaird
Craig KennisonBaird
Gary PrestopinoBarrington Research Associates, Inc.