BTIG Research Has Lowered Expectations for Carvana (NYSE:CVNA) Stock Price

Carvana (NYSE:CVNA) had its target price lowered by research analysts at BTIG Research from $535.00 to $455.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 25.71% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Argus began coverage on Carvana in a research note on Monday, December 15th. They issued a “buy” rating and a $500.00 price target for the company. Morgan Stanley reissued an “overweight” rating on shares of Carvana in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Carvana in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Carvana in a research report on Tuesday, January 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $500.00 price objective on shares of Carvana in a research report on Thursday. Nineteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $465.41.

Carvana Stock Performance

Shares of CVNA opened at $361.96 on Thursday. The stock has a market capitalization of $78.74 billion, a price-to-earnings ratio of 82.64 and a beta of 3.57. Carvana has a 12 month low of $148.25 and a 12 month high of $486.89. The firm has a fifty day simple moving average of $428.22 and a 200 day simple moving average of $382.10. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, topping the consensus estimate of $1.10 by $3.12. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The company’s revenue for the quarter was up 58.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. Research analysts forecast that Carvana will post 2.85 EPS for the current fiscal year.

Insider Activity at Carvana

In related news, COO Benjamin E. Huston sold 40,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $439.50, for a total value of $17,580,000.00. Following the completion of the sale, the chief operating officer directly owned 100,758 shares in the company, valued at $44,283,141. The trade was a 28.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Gill sold 80,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $439.50, for a total value of $35,160,000.00. Following the transaction, the insider owned 191,106 shares in the company, valued at $83,991,087. The trade was a 29.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 420,351 shares of company stock valued at $179,589,049 in the last 90 days. Corporate insiders own 17.12% of the company’s stock.

Institutional Investors Weigh In On Carvana

Several institutional investors have recently made changes to their positions in CVNA. Los Angeles Capital Management LLC boosted its position in shares of Carvana by 1,950.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 111,190 shares of the company’s stock valued at $37,467,000 after purchasing an additional 105,768 shares in the last quarter. Federated Hermes Inc. lifted its stake in Carvana by 124.9% in the third quarter. Federated Hermes Inc. now owns 265,921 shares of the company’s stock valued at $100,316,000 after buying an additional 147,683 shares during the period. Hudson Bay Capital Management LP boosted its holdings in shares of Carvana by 158.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 16,478 shares of the company’s stock worth $5,552,000 after buying an additional 10,090 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Carvana by 11.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 637,462 shares of the company’s stock worth $240,476,000 after buying an additional 64,424 shares during the period. Finally, Strs Ohio increased its stake in shares of Carvana by 89.9% in the 3rd quarter. Strs Ohio now owns 37,756 shares of the company’s stock valued at $14,243,000 after acquiring an additional 17,878 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Key Stories Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Company beat expectations — Q4 revenue $5.6B (up 58% YoY) and EPS $4.22, handily above Street estimates; management highlighted record unit economics and improved operating profit/cash from operations. Carvana Announces Record Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Street reaction includes multiple buy/overweight ratings and high price targets (median ~ $515), reflecting analyst confidence that improved fundamentals support higher equity value. QuiverQuant: Carvana Q4 results and analyst activity
• Neutral Sentiment: Full earnings disclosure and the call transcript provide detail on margins, inventory and channel dynamics; useful for modeling but not a single clear catalyst. Earnings Call Transcript
• Neutral Sentiment: Press snapshots and analyst notes compare key metrics versus estimates — revenue and gross profit strong, but some per‑unit profitability metrics show mixed trends that require deeper read. Q4 Earnings Snapshot
• Negative Sentiment: Accounting and profitability questions raised on the earnings call and in coverage; lack of clear answers on certain metrics contributed to investor concern. PYMNTS: Accounting scrutiny and profitability concerns
• Negative Sentiment: Regulatory/fraud allegations and an investor class action probe (Pomerantz) surfaced ahead of/around the report, increasing downside risk and headline sensitivity. Pomerantz investor alert
• Negative Sentiment: Heavy insider selling revealed in coverage and institutional flow headlines increase perceived governance/owner alignment risk and amplify volatility. QuiverQuant: insider selling & institutional changes

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.