Key Takeaways

• Carvana priced a $1.66 billion Term Loan B on August 12, refinancing its 2030 senior secured notes at nearly three points lower interest and cutting annual interest expense by $45 million.
• Ten buy ratings, six outperforms, seven holds and one sell make up the current Street view on Carvana stock, with a mean target 29% above the $64 close.
• TIKR’s model values Carvana stock at $114 by 2030, a 78% total return.
• The Street’s mean target has fallen 10% since June, from $92 to $83, even though the ratings split (10 buys, 6 outperforms, 7 holds, 1 sell) hasn’t changed since March.

A $45 million interest cut just landed while the Street’s mean target fell $9 in the same stretch. Analyze Carvana stock on…