BTIG Research Raises Carvana (NYSE:CVNA) Price Target to $485.00

Carvana (NYSE:CVNA) had its price target raised by equities research analysts at BTIG Research from $455.00 to $485.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 26.77% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $500.00 price objective on shares of Carvana in a research note on Monday, March 16th. Argus upgraded Carvana to a “strong-buy” rating in a research note on Tuesday, March 3rd. UBS Group restated a “buy” rating and set a $520.00 price objective (up from $485.00) on shares of Carvana in a research note on Thursday. DA Davidson cut their price objective on Carvana from $470.00 to $320.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, Evercore upped their price objective on Carvana from $390.00 to $400.00 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Carvana has a consensus rating of “Moderate Buy” and a consensus target price of $466.13.

Carvana Trading Down 3.3%

Shares of CVNA opened at $382.57 on Thursday. The company has a market capitalization of $83.73 billion, a P/E ratio of 46.54 and a beta of 3.55. Carvana has a one year low of $250.89 and a one year high of $486.89. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.73 and a current ratio of 4.09. The stock has a 50-day moving average price of $336.94 and a 200 day moving average price of $371.95.

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

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 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 firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.12 billion. Sell-side analysts forecast that Carvana will post 6.97 EPS for the current fiscal year.

Insider Buying and Selling at Carvana

In other news, COO Benjamin E. Huston sold 10,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $384.96, for a total transaction of $3,849,600.00. Following the sale, the chief operating officer directly owned 105,962 shares in the company, valued at approximately $40,791,131.52. This represents a 8.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stephen R. Palmer sold 1,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $395.32, for a total value of $395,320.00. Following the sale, the vice president owned 32,891 shares in the company, valued at $13,002,470.12. The trade was a 2.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 79,920 shares of company stock worth $29,201,797. Corporate insiders own 15.19% of the company’s stock.

Institutional Trading of Carvana

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Carvana during the 4th quarter worth approximately $29,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Carvana during the 4th quarter worth approximately $29,000. Motiv8 Investments LLC acquired a new stake in shares of Carvana during the 4th quarter worth approximately $33,000. Ascentis Independent Advisors acquired a new stake in shares of Carvana during the 1st quarter worth approximately $26,000. Finally, Salomon & Ludwin LLC raised its position in shares of Carvana by 112.5% during the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock worth $37,000 after purchasing an additional 45 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

More Carvana News

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 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.