Carvana (NYSE:CVNA) Earns “Buy” Rating from Needham & Company LLC

Posted by George Bondi on Aug 1st, 2026

Carvana (NYSE:CVNA – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They currently have a $120.00 price objective on the stock. Needham & Company LLC’s price objective points to a potential upside of 92.76% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Barclays reaffirmed an “overweight” rating and issued a $94.00 price target (up from $93.00) on shares of Carvana in a report on Tuesday, July 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $85.00 price objective (down from $95.00) on shares of Carvana in a report on Tuesday, July 21st. Citizens Jmp boosted their target price on shares of Carvana from $92.00 to $103.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Carvana in a research report on Thursday, June 18th. Finally, Argus cut their price target on Carvana from $500.00 to $100.00 in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.86.

Read Our Latest Research Report on Carvana

Carvana Price Performance

Shares of NYSE:CVNA opened at $62.25 on Thursday. The company’s 50-day moving average is $66.85 and its 200 day moving average is $70.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.57 and a current ratio of 3.93. The company has a market capitalization of $68.28 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 13.96 and a beta of 3.46. Carvana has a fifty-two week low of $54.46 and a fifty-two 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $7.38 billion during the quarter, compared to the consensus estimate of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The firm’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 earnings per share. On average, equities research analysts forecast that Carvana will post 1.61 earnings per share for the current year.

Insider Transactions at Carvana

In other news, Director Ira J. Platt sold 15,000 shares of the business’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 completion of the transaction, the director directly owned 186,470 shares in the company, valued at $12,648,260.10. The trade was a 7.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $68.55, for a total transaction of $3,427,500.00. Following the transaction, the chief operating officer owned 458,755 shares of the company’s stock, valued at $31,447,655.25. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 278,212 shares of company stock worth $19,343,496. 15.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carvana

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of Carvana by 40.8% during the first quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock worth $6,243,000 after purchasing an additional 8,654 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Carvana by 251.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after purchasing an additional 181 shares during the last quarter. Cerity Partners LLC raised its stake in Carvana by 28.8% in the second quarter. Cerity Partners LLC now owns 5,481 shares of the company’s stock valued at $1,847,000 after purchasing an additional 1,226 shares in the last quarter. AXA S.A. raised its stake in Carvana by 340.7% in the second quarter. AXA S.A. now owns 4,253 shares of the company’s stock valued at $1,433,000 after purchasing an additional 3,288 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Carvana by 9.1% during the second quarter. NewEdge Advisors LLC now owns 9,893 shares of the company’s stock valued at $3,334,000 after purchasing an additional 825 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

Positive Sentiment: Carvana reported record second-quarter performance, including $7.38 billion in revenue, $513 million in net income and $769 million in adjusted EBITDA. Retail unit sales increased 38%, while the company extended its streak of growth and profitability. Carvana Reports Record Profit But Cools Expectations With Cautious Outlook
Positive Sentiment: Management highlighted continued platform expansion, inventory growth and software investments, including an artificial-intelligence customer-service agent intended to reduce service costs. Same-day delivery also expanded to the Fort Myers market. Carvana Slashes Customer Service Costs Through AI Agent
Positive Sentiment: Needham maintained a buy rating and a $120 price target, arguing that the post-earnings selloff may offer an opportunity. Citigroup, Barclays and BTIG also retained bullish ratings, although each lowered its target. Needham Says Carvana Stock Could Double as Management Lowers Guidance
Neutral Sentiment: Some analysts continue to view strong consumer demand and Carvana’s online retail model favorably, suggesting the business remains fundamentally healthy despite the market’s negative earnings reaction.
Negative Sentiment: Carvana’s full-year adjusted EBITDA outlook of approximately $2.7 billion to $3.0 billion, with a midpoint below Wall Street expectations, disappointed investors. The guidance overshadowed the quarterly beat and raised concerns about the pace of future earnings growth. CVNA Stock Is Dropping After a Record Quarter
Negative Sentiment: Analysts also cited declining gross profit per unit and adjusted EBITDA margins. BNP Paribas Exane lowered its rating to neutral and cut its price target sharply, while several other firms reduced targets, indicating that valuation is harder to justify without renewed margin expansion. Carvana Profit Compression Makes This Stock Tougher To Bank On

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.