Analysts Set Carvana Co. (NYSE:CVNA) Target Price at $437.41

Carvana Co. (NYSE:CVNA) has earned a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $466.1304.

CVNA has been the topic of a number of analyst reports. Wedbush cut their price target on Carvana from $500.00 to $425.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. BTIG Research lifted their price target on Carvana from $455.00 to $485.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on Carvana from $440.00 to $460.00 and gave the company an “outperform” rating in a report on Friday. Gordon Haskett lifted their price target on Carvana from $335.00 to $425.00 and gave the company a “hold” rating in a report on Thursday. Finally, Weiss Ratings downgraded Carvana from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 24th.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Q1 results: Carvana reported record retail unit sales, revenue and profit (EPS and revenue beat consensus), driving confidence in growth and profitability execution. Carvana Announces Record First Quarter 2026
• Positive Sentiment: Broad analyst upgrades: Multiple firms raised price targets and ratings after the quarter (Needham to $600, Morgan Stanley to $510, JPMorgan to $465, Wells Fargo to $475, BTIG to $485, etc.), signaling strong buy-side conviction on upside from current levels. Wall Street Showers Carvana With Price Target Hikes
• Positive Sentiment: Industry demand tailwinds: Management and coverage note inflation-driven used-car demand and capacity expansion (reconditioning and capex) that support faster unit growth and longer-term scaling. Carvana Sets Records as Inflation Drives Used Car Demand
• Neutral Sentiment: Valuation focus: Recent rally (roughly a 1?month surge) has drawn attention to Carvana’s premium P/E and elevated multiples, prompting some investors to reassess upside relative to valuation. Assessing Carvana Valuation After Recent Share Price Strength
• Negative Sentiment: Contrasting analyst signal: DA Davidson raised its target to $335 but kept a “neutral” rating — that target implies downside versus recent levels and injects caution into the upgrade momentum. DA Davidson Price Target Note
• Negative Sentiment: Profit vs. margin trade-off: Despite record profit, management flagged lower per?unit margins and higher operating costs, which could cap near?term margin expansion and leave some investors taking profits. Q1 Earnings Call Highlights
• Negative Sentiment: Immediate market reaction: The stock trimmed gains after the print — some traders sold into the headline beat, producing a short-term pullback despite fundamentally positive results. Stock Reaction After Earnings

Carvana Trading Down 3.3%

Shares of NYSE CVNA opened at $382.57 on Friday. The company has a quick ratio of 2.73, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $336.94 and a two-hundred day simple moving average of $371.95. The firm has a market cap of $83.73 billion, a PE ratio of 46.54 and a beta of 3.55. Carvana has a twelve month low of $250.89 and a twelve month high of $486.89.

Carvana shares are going to split on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly minted shares will be payable to shareholders after the market closes on Wednesday, May 6th.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.11. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.12 billion. Analysts expect that Carvana will post 6.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director J Danforth Quayle sold 2,900 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $309.97, for a total transaction of $898,913.00. Following the transaction, the director directly owned 41,913 shares in the company, valued at $12,991,772.61. The trade was a 6.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark W. Jenkins sold 12,750 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $310.35, for a total value of $3,956,962.50. Following the transaction, the chief financial officer owned 197,089 shares in the company, valued at approximately $61,166,571.15. This trade represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 79,920 shares of company stock worth $29,201,797. Insiders own 15.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its stake in Carvana by 124.9% during the 3rd quarter. Federated Hermes Inc. now owns 265,921 shares of the company’s stock worth $100,316,000 after buying an additional 147,683 shares during the last quarter. Gavilan Investment Partners LLC purchased a new position in Carvana during the 3rd quarter worth $26,030,000. Massachusetts Financial Services Co. MA grew its stake in Carvana by 11.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 637,462 shares of the company’s stock worth $240,476,000 after buying an additional 64,424 shares during the last quarter. Strs Ohio grew its stake in Carvana by 89.9% during the 3rd quarter. Strs Ohio now owns 37,756 shares of the company’s stock worth $14,243,000 after buying an additional 17,878 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Carvana by 14.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 193,879 shares of the company’s stock valued at $76,662,000 after purchasing an additional 24,129 shares during the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Company Profile

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.