Carvana (NYSE:CVNA – Free Report) had its target price lifted by BNP Paribas Exane from $388.00 to $429.00 in a research note published on Thursday morning,MarketScreener reports.
A number of other equities research analysts also recently issued reports on CVNA. UBS Group reaffirmed a “buy” rating and set a $520.00 price target (up from $485.00) on shares of Carvana in a research note on Thursday. BTIG Research boosted their target price on shares of Carvana from $455.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings cut shares of Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 24th. Citigroup reaffirmed an “outperform” rating on shares of Carvana in a report on Friday. Finally, Barclays reissued an “overweight” rating and set a $475.00 price objective (up from $430.00) on shares of Carvana in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $464.61.
Read Our Latest Stock Report on Carvana
Carvana Price Performance
Carvana shares are going to split before the market opens on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly created shares will be issued to shareholders after the market closes on Wednesday, May 6th.
Carvana (NYSE:CVNA – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.11. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.12 billion. Carvana had a return on equity of 46.63% and a net margin of 6.40%. Research analysts expect that Carvana will post 6.97 EPS for the current fiscal year.
Insider Activity
In other Carvana news, insider Thomas Taira sold 3,770 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $341.00, for a total value of $1,285,570.00. Following the transaction, the insider owned 58,564 shares of the company’s stock, valued at $19,970,324. This represents a 6.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 2,900 shares of Carvana stock in a transaction on Monday, March 9th. The stock was sold at an average price of $309.97, for a total value of $898,913.00. Following the sale, the director owned 41,913 shares of the company’s stock, valued at approximately $12,991,772.61. This trade represents a 6.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 56,170 shares of company stock valued at $20,020,204. 15.19% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new stake in Carvana in the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carvana during the fourth quarter worth approximately $29,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Carvana during the fourth quarter valued at approximately $29,000. ORG Partners LLC raised its stake in shares of Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Carvana in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.
Carvana News Summary
Here are the key news stories impacting Carvana this week:
- Positive Sentiment: Q1 results beat expectations: Carvana reported record retail unit sales (187,393 units), revenue and EPS of $1.69 that topped estimates — management highlighted record GAAP operating income and adjusted EBITDA, underpinning the bullish reaction. Carvana Announces Record First Quarter 2026 Results
- Positive Sentiment: Needham issued a bullish forecast and raised its price target sharply (to $600), citing strong growth and margin progress — a highly visible endorsement that lifts investor conviction. Needham & Company LLC Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price
- Positive Sentiment: BTIG also upgraded its outlook and raised its target, joining multiple firms that bumped targets after the quarter — the analyst momentum is pressuring upside estimates and supporting the rally. BTIG Research Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price
- Positive Sentiment: Wider analyst re-rating: several brokerages (Morgan Stanley, JPMorgan, Wells Fargo and others) raised price targets and overweight/buy ratings after Q1, signaling broad Wall Street confidence and increasing potential upside. Wall Street Showers Carvana With Price Target Hikes
- Neutral Sentiment: Consensus sentiment is now around “Moderate Buy” as brokerages update models; this consensus supports demand but also sets expectations higher. Carvana Co. (NYSE:CVNA) Receives Consensus Rating of “Moderate Buy” from Brokerages
- Neutral Sentiment: Valuation is being debated: recent share strength has pushed CVNA to a premium P/E and elevated multiples versus peers — investors are weighing growth vs. current valuation. Assessing Carvana (CVNA) Valuation
- Negative Sentiment: Price pullback / profit-taking: despite the upbeat quarter, CVNA experienced an intraday pullback after the print (reported ~3% drop in one coverage piece) as some traders booked gains and digested shorter-term risks. Carvana (CVNA) Stock Drops 3% After First Quarter Earnings Despite Revenue Surge
- Negative Sentiment: Margin pressure and rising costs flagged: the company reported strong unit and revenue growth but noted weaker per‑unit margins and higher operating costs — a read-through that could temper near-term margin expansion expectations. Carvana Co (CVNA) Q1 2026 Earnings Call Highlights
Carvana Company Profile
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.
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