Carvana (NYSE:CVNA) Price Target Raised to $515.00

Key Points

• Citizens Jmp raised its price target on Carvana to $515 (from $460) with a "market outperform" rating, implying roughly a 30.8% upsideModerate Buy with a $464.61 average target.
• Carvana's Q1 beat estimates—EPS $1.69 vs. $1.58 and revenue $6.43B vs. $6.12B—with record retail unit sales and stronger operating income/adjusted EBITDA, but management warned of weaker per‑unit margins and rising costs, which triggered some profit‑taking.
• The company will enact a 5-for-1 stock split on May 7, institutional ownership has climbed (about 56.7% owned by institutions), while insiders have sold shares recently (roughly $20M of insider sales over 90 days).

Carvana (NYSE:CVNA - Get Free Report) had its target price hoisted by equities researchers at Citizens Jmp from $460.00 to $515.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. Citizens Jmp's target price would suggest a potential upside of 30.75% from the stock's current price.

CVNA has been the topic of several other reports. DA Davidson cut their target price on Carvana from $470.00 to $320.00 and set a "neutral" rating on the stock in a report on Thursday, February 19th. Bank of America raised their target price on Carvana from $360.00 to $410.00 and gave the company a "neutral" rating in a report on Tuesday, April 21st. Wedbush cut their target price 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 raised their target price on Carvana from $455.00 to $485.00 and gave the company a "buy" rating in a report on Thursday. Finally, Jefferies Financial Group cut their target price on Carvana from $485.00 to $475.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $464.61.

Carvana Stock Down 0.5%

CVNA stock traded down $1.91 during midday trading on Friday, reaching $393.89. The company had a trading volume of 1,608,528 shares, compared to its average volume of 3,575,421. Carvana has a 1 year low of $250.89 and a 1 year high of $486.89. 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 market capitalization of $86.20 billion, a P/E ratio of 48.19 and a beta of 3.61. The company has a 50 day moving average of $336.94 and a two-hundred day moving average 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 created shares will be distributed to shareholders after the market closes on Wednesday, May 6th.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data 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 business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 46.63%. On average, equities research analysts expect that Carvana will post 6.97 earnings per share for the current fiscal year.

Insider Transactions at Carvana

In related news, VP Stephen R. Palmer sold 1,000 shares of Carvana stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $393.04, for a total value of $393,040.00. Following the transaction, the vice president owned 37,192 shares in the company, valued at $14,617,943.68. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark W. Jenkins sold 12,750 shares of Carvana stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $310.35, for a total transaction of $3,956,962.50. Following the completion of the transaction, the chief financial officer owned 197,089 shares in the company, valued at $61,166,571.15. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 56,170 shares of company stock worth $20,020,204. Corporate insiders own 15.19% of the company's stock.

Institutional Trading of Carvana

Several hedge funds and other institutional investors have recently bought and sold shares of CVNA. Vanguard Group Inc. grew its position in Carvana by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company's stock worth $7,082,804,000 after purchasing an additional 3,328,115 shares during the last quarter. State Street Corp grew its position in Carvana by 93.7% in the 4th quarter. State Street Corp now owns 5,714,779 shares of the company's stock worth $2,411,751,000 after purchasing an additional 2,764,759 shares during the last quarter. Capital Research Global Investors grew its position in Carvana by 42.9% in the 4th quarter. Capital Research Global Investors now owns 5,700,953 shares of the company's stock worth $2,405,959,000 after purchasing an additional 1,711,144 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 worth $7,481,081,000 after purchasing an additional 1,407,762 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Carvana by 55.4% in the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company's stock worth $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 institutional investors and hedge funds.

Key Stories Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Q1 results beat expectations: Carvana reported record retail unit sales (187,393 units), revenue and EPS of $1.69 that topped estimates — management highlighted record GAAP operating income and adjusted EBITDA, underpinning the bullish reaction. Carvana Announces Record First Quarter 2026 Results
• Positive Sentiment: Needham issued a bullish forecast and raised its price target sharply (to $600), citing strong growth and margin progress — a highly visible endorsement that lifts investor conviction. Needham & Company LLC Issues Positive Forecast for Carvana NYSE: CVNA Stock Price
• Positive Sentiment: BTIG also upgraded its outlook and raised its target, joining multiple firms that bumped targets after the quarter — the analyst momentum is pressuring upside estimates and supporting the rally. BTIG Research Issues Positive Forecast for Carvana NYSE: CVNA Stock Price
• Positive Sentiment: Wider analyst re-rating: several brokerages (Morgan Stanley, JPMorgan, Wells Fargo and others) raised price targets and overweight/buy ratings after Q1, signaling broad Wall Street confidence and increasing potential upside. Wall Street Showers Carvana With Price Target Hikes
• Neutral Sentiment: Consensus sentiment is now around "Moderate Buy" as brokerages update models; this consensus supports demand but also sets expectations higher. Carvana Co. NYSE: CVNA Receives Consensus Rating of "Moderate Buy" from Brokerages
• Neutral Sentiment: Valuation is being debated: recent share strength has pushed CVNA to a premium P/E and elevated multiples versus peers — investors are weighing growth vs. current valuation. Assessing Carvana (CVNA) Valuation
• Negative Sentiment: Price pullback / profit-taking: despite the upbeat quarter, CVNA experienced an intraday pullback after the print (reported ~3% drop in one coverage piece) as some traders booked gains and digested shorter-term risks. Carvana (CVNA) Stock Drops 3% After First Quarter Earnings Despite Revenue Surge
• Negative Sentiment: Margin pressure and rising costs flagged: the company reported strong unit and revenue growth but noted weaker per‑unit margins and higher operating costs — a read-through that could temper near-term margin expansion expectations. Carvana Co (CVNA) Q1 2026 Earnings Call Highlights

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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