Carvana (NYSE:CVNA) Stock Gets Price Target Bump from Citizens Jmp

Carvana (NYSE:CVNA) had its price target lifted by equities researchers at Citizens Jmp from $83.00 to $85.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp‘s target price suggests a potential upside of 24.16% from the company’s previous close.

A number of other brokerages also recently commented on CVNA. DA Davidson reaffirmed a “neutral” rating and issued a $67.00 price objective on shares of Carvana in a research report on Thursday. Barclays reissued an “overweight” rating and set a $80.00 target price (down from $93.00) on shares of Carvana in a research report on Tuesday, October 6th. Citigroup reissued a “market outperform” rating on shares of Carvana in a report on Wednesday. Robert W. Baird set a $72.00 price objective on shares of Carvana in a research report on Thursday, July 30th. Finally, BTIG Research set a $82.00 price target on Carvana and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Carvana Stock Up 15.9%

NYSE:CVNA opened at $68.46 on Friday. The stock has a market capitalization of $75.34 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 1.75 and a beta of 3.55. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. The stock’s fifty day moving average is $65.85 and its two-hundred day moving average is $69.54. Carvana has a 52 week low of $54.46 and a 52 week high of $97.38.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, October 28th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). The business had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $7.71 billion. Carvana had a return on equity of 36.63% and a net margin of 6.21%. Carvana’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Research analysts anticipate that Carvana will post 1.63 EPS for the current year.

Insider Buying and Selling at Carvana

In other news, COO Benjamin Huston sold 50,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $71.55, for a total transaction of $3,577,500.00. Following the completion of the sale, the chief operating officer owned 478,693 shares of the company’s stock, valued at $34,250,484.15. This represents a 9.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $61.64, for a total transaction of $3,929,550.00. Following the completion of the sale, the chief financial officer directly owned 1,142,502 shares in the company, valued at approximately $70,423,823.28. This represents a 5.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 358,161 shares of company stock worth $24,164,285 over the last ninety days. Company insiders own 15.19% of the company’s stock.

Institutional Investors Weigh In On Carvana

A number of institutional investors and hedge funds have recently made changes to their positions in CVNA. Oregon Public Employees Retirement Fund grew its position in shares of Carvana by 0.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 88,480 shares of the company’s stock valued at $5,534,000 after acquiring an additional 410 shares during the period. Tucker Asset Management LLC increased its position in Carvana by 28.1% during the third quarter. Tucker Asset Management LLC now owns 7,729 shares of the company’s stock worth $483,000 after buying an additional 1,697 shares during the last quarter. Virtue Capital Management LLC raised its stake in Carvana by 4.9% in the third quarter. Virtue Capital Management LLC now owns 67,017 shares of the company’s stock valued at $4,191,000 after buying an additional 3,134 shares during the period. Greenleaf Trust raised its stake in Carvana by 36.2% in the third quarter. Greenleaf Trust now owns 5,013 shares of the company’s stock valued at $314,000 after buying an additional 1,332 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Carvana during the 3rd quarter worth approximately $13,419,000. Institutional investors own 56.71% of the company’s stock.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Record sales and revenue: Carvana reported third-quarter revenue of $8.04 billion, up 42.4% year over year and ahead of the $7.71 billion consensus estimate. Retail units sold reached 217,385, an increase of nearly 40%, marking the eighth consecutive quarter of approximately 40% growth. Carvana Q3 2026 Earnings Call Highlights
• Positive Sentiment: Profitability and balance-sheet progress: Carvana generated $289 million in quarterly profit, positive free cash flow, and improved its net debt position to its best level in nearly five years. Management also reiterated an ambitious long-term opportunity, targeting 3 million annual retail units and a 12.5% operating margin by 2030–2035. Carvana Continues To Improve
• Positive Sentiment: Analyst support: Morgan Stanley reportedly called Carvana a top pick following the results, while Needham maintained a Buy rating despite reducing its price target from $120 to $100. The lower target still implies substantial upside based on the reference price. Morgan Stanley Names CVNA a Top Pick
• Neutral Sentiment: Valuation remains debated: The strong operating performance has reignited discussion over whether Carvana’s rapid growth justifies its elevated valuation, particularly as the broader auto industry remains challenging. Carvana Q3 Results Reignite the Valuation Debate
• Negative Sentiment: EPS and margins disappointed: Adjusted earnings of $0.39 per share missed estimates of roughly $0.44–$0.47, while earnings declined from $1.03 per share a year earlier. Lower gross profit per unit contributed to pressure on profitability. Carvana Misses Q3 Earnings Estimates
• Negative Sentiment: Cautious analyst targets: BNP Paribas Exane lowered its target from $69 to $67 and kept a Neutral rating; DA Davidson also maintained Neutral with a $67 target. These targets reflect limited near-term upside and ongoing concerns about valuation and execution.

About Carvana

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.