Citizens Jmp Lowers Carvana (NYSE:CVNA) Price Target to $83.00

Posted by Stanley Muller on Jul 30th, 2026

Carvana (NYSE:CVNA – Get Free Report) had its target price cut by investment analysts at Citizens Jmp from $103.00 to $83.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective indicates a potential upside of 40.00% from the company’s current price.

CVNA has been the topic of a number of other research reports. Evercore boosted their target price on shares of Carvana from $78.00 to $80.00 in a report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price target on Carvana from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Argus decreased their price objective on Carvana from $500.00 to $100.00 in a research note on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Carvana in a research report on Thursday. Finally, Bank of America increased their price target on shares of Carvana from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.78.

View Our Latest Report on Carvana

Carvana Stock Performance

NYSE:CVNA traded down $7.04 on Thursday, reaching $59.28. 9,000,299 shares of the company’s stock were exchanged, compared to its average volume of 14,851,072. The firm has a market cap of $65.03 billion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 14.83 and a beta of 3.46. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. The stock has a fifty day simple moving average of $67.03 and a 200-day simple moving average of $71.05. 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 results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $7.38 billion for the quarter, compared to analyst estimates of $6.90 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 earnings per share. As a group, sell-side analysts predict that Carvana will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Carvana

In other news, Director Ira J. Platt sold 15,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $67.83, for a total transaction of $1,017,450.00. Following the sale, the director owned 186,470 shares in the company, valued at approximately $12,648,260.10. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 63,750 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $68.34, for a total transaction of $4,356,675.00. Following the sale, the chief financial officer owned 1,029,580 shares in the company, valued at approximately $70,361,497.20. This trade represents a 5.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 396,962 shares of company stock valued at $28,525,088 over the last quarter. Company insiders own 15.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in Carvana during the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carvana during the 4th quarter valued at about $29,000. Farmers & Merchants Investments Inc. bought a new position in shares of Carvana during the 4th quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Carvana by 152.6% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of Carvana during the 4th quarter valued at about $33,000. 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: Carvana reported record Q2 2026 revenue of approximately $7.38 billion, up 52.4% year over year, while EPS of $0.42 exceeded the $0.38 consensus estimate. Net income reached $513 million and adjusted EBITDA rose to a record $769 million, extending the company’s growth and profitability streak to 10 consecutive quarters. Carvana Announces Record Second Quarter 2026 Results
Positive Sentiment: Management forecast full-year earnings of $2.7 billion to $3.0 billion, implying $1.3 billion to $1.6 billion in earnings during the second half of the year. The guidance signals continued strong profitability and operating momentum. Carvana posts record quarterly profits
Positive Sentiment: Needham reaffirmed its “buy” rating and assigned a $120 price target, while BTIG Research maintained a “buy” rating despite lowering its target from $97 to $87. Both targets remain well above the current trading level, supporting the bullish long-term view. Analyst rating and price target updates
Neutral Sentiment: The earnings release showed strong sales and profit growth, but EPS was below the prior-year $1.51 figure, making the sustainability of Carvana’s sharply improved results an important issue for investors.
Negative Sentiment: The stock selloff reflects Wall Street’s disappointment with the full-year outlook. Although Carvana delivered a quarterly beat on revenue and EPS, the guidance was viewed as insufficient or below expectations, leaving investors concerned that future earnings growth may slow. Carvana Stock Falls After Earnings

Carvana Company Profile

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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.