BTIG Research Lowers Carvana (NYSE:CVNA) Price Target to $87.00

Posted by Brenda Bartman on Jul 30th, 2026

Carvana (NYSE:CVNA – Get Free Report) had its target price cut by investment analysts at BTIG Research from $97.00 to $87.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 31.26% from the company’s previous close.

A number of other research firms have also weighed in on CVNA. Citizens Jmp lifted their price objective on shares of Carvana from $92.00 to $103.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Barclays reiterated an “overweight” rating and set a $94.00 price target (up from $93.00) on shares of Carvana in a research note on Tuesday, July 21st. Argus cut their price target on shares of Carvana from $500.00 to $100.00 in a report on Monday, May 11th. UBS Group restated a “buy” rating and issued a $104.00 price objective (up from $97.00) on shares of Carvana in a research report on Thursday, April 30th. Finally, DA Davidson raised their price objective on shares of Carvana from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.65.

Get Our Latest Stock Report on Carvana

Carvana Stock Performance

Shares of CVNA stock opened at $66.28 on Thursday. The stock’s 50-day moving average price is $67.03 and its 200 day moving average price is $71.05. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $72.70 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 14.83 and a beta of 3.46. Carvana has a 52-week low of $54.46 and a 52-week high of $97.38.

Carvana (NYSE:CVNA – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The firm’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same period last year, the firm earned $1.51 EPS. As a group, equities research analysts forecast that Carvana will post 1.63 EPS for the current year.

Insider Buying and Selling

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $76.99, for a total transaction of $3,849,600.00. Following the sale, the chief operating officer directly owned 529,810 shares of the company’s stock, valued at $40,791,131.52. This trade represents a 8.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 14,525 shares of Carvana stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $70.00, for a total transaction of $1,016,750.00. Following the sale, the director owned 214,960 shares of the company’s stock, valued at approximately $15,047,200. This trade represents a 6.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 396,962 shares of company stock worth $28,525,088 in the last 90 days. 15.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carvana

Several hedge funds have recently made changes to their positions in the business. Sands Capital Management LLC grew its holdings in Carvana by 44.4% in the fourth quarter. Sands Capital Management LLC now owns 2,442,534 shares of the company’s stock valued at $1,030,798,000 after purchasing an additional 751,019 shares during the period. Capricorn Fund Managers Ltd acquired a new stake in shares of Carvana during the 1st quarter worth $29,866,000. Gavilan Investment Partners LLC raised its position in shares of Carvana by 24.6% in the 4th quarter. Gavilan Investment Partners LLC now owns 86,000 shares of the company’s stock worth $36,294,000 after buying an additional 17,000 shares during the period. Hsbc Holdings PLC boosted its holdings in Carvana by 239.6% in the fourth quarter. Hsbc Holdings PLC now owns 221,727 shares of the company’s stock valued at $93,748,000 after acquiring an additional 156,430 shares during the last quarter. Finally, Swiss National Bank increased its stake in Carvana by 9.9% during the first quarter. Swiss National Bank now owns 395,180 shares of the company’s stock worth $124,237,000 after acquiring an additional 35,720 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

Positive Sentiment: Carvana reported record Q2 revenue of approximately $7.38 billion, up 52.4% year over year, while retail vehicle sales increased about 40%. Net income reached $513 million and adjusted EBITDA rose to a record $769 million, marking the company’s 10th consecutive quarter of growth and profitability. Carvana Announces Record Second Quarter 2026 Results
Positive Sentiment: Reported adjusted earnings of $0.42 per share exceeded the $0.38 consensus estimate, and revenue surpassed analysts’ expectations of roughly $6.90 billion. Management also forecast full-year earnings of $2.7 billion to $3.0 billion, implying $1.3 billion to $1.6 billion in the second half. Carvana posts record quarterly profits
Neutral Sentiment: Carvana expanded same-day delivery service to the Fort Myers area, potentially improving customer convenience and supporting local sales, although the initiative is unlikely to materially affect near-term valuation. Carvana Expands Same-Day Delivery to Fort Myers
Negative Sentiment: The earnings beat was overshadowed by guidance that missed investor expectations. Analysts viewed the forecast as signaling slower momentum or more cautious profitability assumptions, prompting concern that Carvana’s elevated valuation already prices in much of its recent growth. Carvana’s record quarter overshadowed by soft FY26 outlook

About Carvana

(Get Free Report)

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.