Carvana (NYSE:CVNA) Shares Climb 5.8% – Here’s Why

Posted by Brenda Bartman on Sep 29th, 2026

Carvana Co. (NYSE:CVNA – Get Free Report) traded up 5.8% during mid-day trading on Tuesday. The stock traded as high as $63.90 and last traded at $63.97. Approximately 1,690,161 shares traded hands during trading, a decline of 87% from the average daily volume of 13,443,893 shares. The stock had previously closed at $60.47.

Analyst Ratings Changes

CVNA has been the topic of a number of recent research reports. Evercore set a $75.00 price objective on Carvana in a research note on Thursday, July 30th. BNP Paribas Exane dropped their target price on Carvana from $86.00 to $69.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Royal Bank Of Canada set a $82.00 target price on Carvana and gave the company an “outperform” rating in a report on Thursday, July 30th. Citizens Jmp reduced their price target on Carvana from $103.00 to $83.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Carvana in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.05.

Check Out Our Latest Stock Analysis on CVNA

Carvana Price Performance

The business’s 50-day simple moving average is $68.94 and its 200-day simple moving average is $68.42. The stock has a market cap of $69.72 billion, a PE ratio of 35.26, a PEG ratio of 1.87 and a beta of 3.49. 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 (NYSE:CVNA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm 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 company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 earnings per share. On average, research analysts expect that Carvana Co. will post 1.68 EPS for the current fiscal year.

Insider Activity at Carvana

In other Carvana news, CFO Mark Jenkins sold 63,750 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $64.50, for a total transaction of $4,111,875.00. Following the completion of the transaction, the chief financial officer owned 1,156,534 shares of the company’s stock, valued at $74,596,443. This represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $64.50, for a total value of $3,225,000.00. Following the completion of the sale, the chief operating officer owned 535,709 shares of the company’s stock, valued at approximately $34,553,230.50. This trade represents a 8.54% 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 have sold 402,564 shares of company stock worth $27,689,555 over the last 90 days. 15.19% of the stock is owned by insiders.

Institutional Trading of Carvana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. QRG Capital Management Inc. boosted its holdings in Carvana by 490.1% in the second quarter. QRG Capital Management Inc. now owns 68,545 shares of the company’s stock valued at $4,512,000 after acquiring an additional 56,930 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Carvana by 422.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 472,281 shares of the company’s stock valued at $31,086,000 after purchasing an additional 381,808 shares during the period. Andra AP fonden raised its holdings in Carvana by 325.0% in the 2nd quarter. Andra AP fonden now owns 14,075 shares of the company’s stock worth $926,000 after purchasing an additional 10,763 shares in the last quarter. State Street Corp raised its holdings in Carvana by 417.1% in the 2nd quarter. State Street Corp now owns 29,435,364 shares of the company’s stock worth $1,937,436,000 after purchasing an additional 23,742,422 shares in the last quarter. Finally, Security National Bank of SO Dak purchased a new stake in shares of Carvana in the 2nd quarter worth about $121,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

About Carvana

(Get Free Report)

Carvana Co is an online used-car retailer that enables customers to research, purchase, finance, trade in and sell vehicles through its digital platform. The company’s services are designed to allow customers to complete much of the vehicle-buying process online, including selecting a vehicle, arranging financing, completing documentation and scheduling delivery or pickup.

Carvana offers a broad selection of used cars, trucks and sport utility vehicles. Its platform includes vehicle listings with photographs and inspection information, while its operations support vehicle reconditioning, logistics and customer delivery.