Carvana (NYSE:CVNA) Price Target Raised to $460.00

Key Points

• Royal Bank of Canada raised its price target on Carvana to $460 (an implied ~20.5% upside) and the stock has seen broad analyst price‑target hikes, leaving a MarketBeat consensus of "Moderate Buy" with an average target around $465.48.
• Carvana reported a stronger‑than‑expected Q1 (EPS $1.69 vs. $1.58 forecast; revenue $6.43B vs. $6.12B) with record retail unit sales (~187,393, +40% YoY) and a reported GAAP profit, which is the primary bullish catalyst behind recent upgrades.
• Shares traded near $381.74 ahead of a planned 5‑for‑1 split on May 7; insiders have recently sold stock (56,170 shares worth ~$20M over 90 days) even as institutional ownership rose to about 56.7%, and some coverage notes warn of valuation and margin pressures prompting profit‑taking.

Carvana (NYSE:CVNA - Get Free Report) had its price objective raised by analysts at Royal Bank Of Canada from $440.00 to $460.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 20.50% from the stock's current price.

Several other research firms have also recently issued reports on CVNA. Robert W. Baird set a $440.00 price target on Carvana in a report on Thursday. BTIG Research lifted their price objective on shares of Carvana from $455.00 to $485.00 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of Carvana from $485.00 to $475.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. BNP Paribas Exane lifted their price objective on shares of Carvana from $388.00 to $429.00 in a research report on Thursday. Finally, Evercore lifted their price objective on shares of Carvana from $390.00 to $400.00 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Carvana presently has a consensus rating of "Moderate Buy" and an average target price of $465.48.

Carvana Price Performance

Shares of NYSE CVNA traded down $14.06 during trading on Friday, hitting $381.74. The company had a trading volume of 2,704,746 shares, compared to its average volume of 3,605,771. The company has a market cap of $83.54 billion, a P/E ratio of 46.36 and a beta of 3.61. Carvana has a 52 week low of $250.89 and a 52 week high of $486.89. The business's 50-day moving average is $336.94 and its 200 day moving average is $371.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.73 and a current ratio of 4.31.

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 - Get Free Report) last posted 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. The company had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.12 billion. Carvana had a return on equity of 46.63% and a net margin of 6.40%. Equities research analysts predict that Carvana will post 6.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Carvana

In other news, VP Stephen R. Palmer sold 1,000 shares of the business'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 transaction, the vice president directly owned 37,192 shares in the company, valued at $14,617,943.68. The trade was a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas Taira sold 3,770 shares of the business's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $341.00, for a total transaction of $1,285,570.00. Following the transaction, the insider owned 58,564 shares in the company, valued at approximately $19,970,324. This represents a 6.05% decrease in their ownership of the stock. 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 sold a total of 56,170 shares of company stock worth $20,020,204 over the last 90 days. 15.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carvana

Several institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Carvana by 8.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company's stock valued at $7,481,081,000 after purchasing an additional 1,407,762 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Carvana by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company's stock valued at $7,082,804,000 after purchasing an additional 3,328,115 shares during the last quarter. State Street Corp lifted its stake in shares of Carvana by 93.7% in the 4th quarter. State Street Corp now owns 5,714,779 shares of the company's stock valued at $2,411,751,000 after purchasing an additional 2,764,759 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Carvana by 42.9% in the 4th quarter. Capital Research Global Investors now owns 5,700,953 shares of the company's stock valued at $2,405,959,000 after purchasing an additional 1,711,144 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Carvana by 55.4% in the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company's stock valued at $1,632,763,000 after purchasing an additional 1,382,852 shares during the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Record Q1 results — Carvana reported better‑than‑expected Q1 results (EPS $1.69 vs. consensus ~ $1.58; revenue ~$6.43B) with record retail unit sales (~187,393 units, +40% YoY) and a reported GAAP profit. That fundamental beat is the primary bullish catalyst. Carvana Announces Record First Quarter 2026 Results
• Positive Sentiment: Broad analyst upgrades and price‑target hikes — Dozens of firms raised targets and ratings after the quarter (Needham to $600, Morgan Stanley to $510, JPMorgan, Wells Fargo, BTIG, Stephens, Citizens/JMP and others), signaling renewed Wall Street conviction and creating upside re‑pricing pressure. Wall Street Showers Carvana With Price Target Hikes
• Neutral Sentiment: Analyst commentary and coverage expansion — Several research shops (Needham, BTIG, Morgan Stanley, etc.) published bullish notes emphasizing growth runway and capacity expansion; this increases institutional visibility but may already be priced in. Carvana: In A Class Of Its Own With Furious Growth Rates
• Neutral Sentiment: Valuation review — Coverage and commentary highlight that recent share gains have pushed Carvana toward a premium multiple, prompting articles that reassess valuation versus growth expectations; this is informational but mixed in impact. Assessing Carvana (CVNA) Valuation After Recent Share Price Strength
• Negative Sentiment: Profit‑taking and margin concerns — Despite the revenue and EPS beat, coverage noted a dip in per‑unit margins and rising operating costs; some outlets reported a modest post‑earnings pullback (stock briefly down ~3% in one report) as traders book gains and digest margin trends. Carvana (CVNA) Stock Drops 3% After First Quarter Earnings Despite Revenue Surge

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.

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