Hovde Group Forecasts Strong Price Appreciation for Carvana (NYSE:CVNA) Stock

Posted by Geri Gentry on Aug 4th, 2026

Carvana (NYSE:CVNA – Get Free Report) had its price objective hoisted by stock analysts at Hovde Group from $39.50 to $48.00 in a research report issued on Tuesday. The brokerage presently has a “market perform” rating on the stock. Hovde Group’s target price points to a potential downside of 29.89% from the stock’s current price.

CVNA has been the topic of a number of other research reports. Evercore set a $75.00 price target on Carvana in a research report on Thursday. Zacks Research lowered shares of Carvana from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $80.00 target price on shares of Carvana in a report on Friday. Jefferies Financial Group dropped their price objective on Carvana from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. Finally, BTIG Research decreased their target price on Carvana from $97.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Check Out Our Latest Stock Analysis on Carvana

Carvana Price Performance

Shares of NYSE:CVNA traded up $2.34 during trading on Tuesday, hitting $68.47. 2,056,068 shares of the company were exchanged, compared to its average volume of 14,923,836. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. Carvana has a 1-year low of $54.46 and a 1-year high of $97.38. The company has a market capitalization of $75.10 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 2.30 and a beta of 3.46. The business’s 50 day moving average is $66.81 and its 200-day moving average is $70.45.

Carvana (NYSE:CVNA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $7.38 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $1.51 EPS. Equities analysts forecast that Carvana will post 1.65 earnings per share for the current year.

Insider Buying and Selling at Carvana

In related news, insider Thomas Taira sold 5,597 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $67.15, for a total transaction of $375,838.55. Following the completion of the sale, the insider directly owned 315,075 shares of the company’s stock, valued at approximately $21,157,286.25. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 1,029,580 shares of the company’s stock, valued at approximately $70,361,497.20. The trade was 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 278,212 shares of company stock valued at $19,343,496 in the last quarter. 15.19% of the stock is owned by company insiders.

Institutional Trading of Carvana

Several hedge funds have recently added to or reduced their stakes in CVNA. First Horizon Corp grew its stake in Carvana by 6.4% in the 4th quarter. First Horizon Corp now owns 418 shares of the company’s stock worth $176,000 after acquiring an additional 25 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Carvana by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock worth $622,000 after purchasing an additional 31 shares in the last quarter. Finivi Inc. increased its holdings in Carvana by 4.6% during the 4th quarter. Finivi Inc. now owns 698 shares of the company’s stock worth $295,000 after purchasing an additional 31 shares during the period. HB Wealth Management LLC raised its position in Carvana by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 3,190 shares of the company’s stock valued at $1,346,000 after purchasing an additional 31 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Carvana by 4.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 696 shares of the company’s stock worth $294,000 after buying an additional 32 shares during the period. Institutional investors own 56.71% of the company’s stock.

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.