Carvana (NYSE:CVNA) Price Target Raised to $335.00 at DA Davidson

Key Points

• DA Davidson raised its price target on Carvana to $335 (from $320) but kept a "neutral" rating—this target still implies about a 12.4% downside from the recent close even as Wall Street broadly lifted many other targets, leaving a consensus near $466.13.
• Carvana beat Q1 estimates (EPS $1.69 vs $1.58; revenue $6.43B vs $6.12B) with record retail units, prompting widespread analyst upgrades, though per-unit margins weakened and the stock pulled back roughly 3.3% on profit-taking.
• Corporate actions and insider activity: Carvana will execute a 5-for-1 stock split on May 7, and insiders sold about $20M of stock last quarter, while institutional investors own roughly 56.7% of the company.

Carvana (NYSE:CVNA - Get Free Report) had its price objective raised by equities researchers at DA Davidson from $320.00 to $335.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. DA Davidson's price objective suggests a potential downside of 12.43% from the stock's previous close.

Several other equities research analysts also recently issued reports on CVNA. Citigroup reissued an "outperform" rating on shares of Carvana in a research report on Friday. Barclays reissued an "overweight" rating and set a $475.00 price objective (up from $430.00) on shares of Carvana in a research report on Thursday. Evercore increased their price objective on shares of Carvana from $390.00 to $400.00 in a research report on Tuesday. UBS Group reissued a "buy" rating and set a $520.00 price objective (up from $485.00) on shares of Carvana in a research report on Thursday. Finally, Weiss Ratings downgraded shares of Carvana from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $466.13.

Carvana Trading Down 3.3%

Shares of CVNA stock traded down $13.23 on Friday, hitting $382.57. The stock had a trading volume of 4,345,697 shares, compared to its average volume of 3,618,506. Carvana has a twelve month low of $250.89 and a twelve month high of $486.89. The firm has a market cap of $83.73 billion, a P/E ratio of 46.54 and a beta of 3.61. The company has a current ratio of 4.31, a quick ratio of 2.73 and a debt-to-equity ratio of 1.15. The company has a fifty day moving average price of $336.94 and a two-hundred day moving average price of $371.95.

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 issued to shareholders after the market closes on Wednesday, May 6th.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.11. Carvana had a net margin of 6.40% and a return on equity of 46.63%. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. As a group, analysts forecast that Carvana will post 6.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Mark W. Jenkins sold 12,750 shares of the firm's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $310.35, for a total value of $3,956,962.50. Following the completion of the transaction, the chief financial officer owned 197,089 shares of the company's stock, valued at approximately $61,166,571.15. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stephen R. Palmer sold 1,000 shares of the firm's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $393.04, for a total transaction of $393,040.00. Following the completion of the transaction, the vice president directly owned 37,192 shares of the company's stock, valued at approximately $14,617,943.68. This trade represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,170 shares of company stock valued at $20,020,204 in the last quarter. Company insiders own 15.19% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CVNA. Ascentis Independent Advisors bought a new position in shares of Carvana in the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carvana in the fourth quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Carvana in the fourth quarter valued at approximately $29,000. ORG Partners LLC lifted its position in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company's stock valued at $33,000 after buying an additional 87 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Carvana in the fourth quarter valued at approximately $33,000. 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: Wall Street raised price targets and ratings across the board after Carvana’s Q1 beat; notable actions include multiple firms lifting targets into the $450–$600 range (Morgan Stanley, Needham, JPMorgan, Wells Fargo, Stephens, BTIG, RBC and others), signaling broad analyst confidence in the growth rebound. Wall Street Showers Carvana With Price Target Hikes
• Positive Sentiment: Carvana reported strong Q1 results — record retail units (~187k), revenue and GAAP operating income (and a reported profit) that topped estimates — which is the primary catalyst behind the analyst upgrades and higher targets. Carvana Announces Record First Quarter 2026 Results
• Positive Sentiment: Independent research and broker notes (Needham, BTIG, Needham’s move to $600 PT) issued positive forecasts reinforcing the buy-side momentum. Needham & Company LLC Issues Positive Forecast for Carvana
• Neutral Sentiment: Some analysts and commentary are revisiting valuation after the rally — the stock now carries a premium multiple relative to peers, prompting debates about whether the upside is justified solely by growth. Assessing Carvana Valuation After Recent Share Price Strength
• Neutral Sentiment: Corporate actions that may affect trading dynamics: Carvana’s strong operational momentum and capacity expansion were highlighted on the call; these are positive long-term signals but can increase short-term volatility as expectations reset. Carvana: In A Class Of Its Own With Furious Growth Rates
• Negative Sentiment: Despite top-line and EPS beats, per-unit margins declined and management noted margin pressure — a key reason some traders trimmed positions after the print. Carvana Q1 Earnings Beat Estimates on Record Retail Unit Growth
• Negative Sentiment: Short-term profit-taking showed up in coverage noting a post-earnings pullback (a ~3% drop reported in some outlets), reflecting traders locking gains after the recent run. Carvana (CVNA) Stock Drops 3% After First Quarter Earnings

About Carvana

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.

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