Gordon Haskett Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price

Key Points

• Gordon Haskett raised its price target on Carvana to $425 (from $335) while keeping a "hold" rating, implying roughly a 10.9% upside from the prior close.
• Carvana beat Q1 expectations—EPS $1.69 vs. $1.58 and revenue $6.43B vs. $6.12B—prompting multiple analyst target increases and a consensus target of $462.22 with an average "Moderate Buy" rating.
• Despite the upbeat quarter, management flagged weaker per‑unit margins and higher costs, the stock experienced a short pullback, and insiders have recently sold shares, underscoring near‑term margin and valuation risks.

Carvana (NYSE:CVNA - Get Free Report) had its price target hoisted by equities research analysts at Gordon Haskett from $335.00 to $425.00 in a research report issued on Thursday,MarketScreener reports. The firm presently has a "hold" rating on the stock. Gordon Haskett's price objective points to a potential upside of 10.88% from the stock's previous close.

A number of other research analysts have also recently issued reports on CVNA. Barclays restated an "overweight" rating and set a $475.00 price objective (up from $430.00) on shares of Carvana in a report on Thursday. DA Davidson reduced their price target on shares of Carvana from $470.00 to $320.00 and set a "neutral" rating on the stock in a research report on Thursday, February 19th. Weiss Ratings lowered shares of Carvana from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, March 24th. Stephens upped their price objective on shares of Carvana from $430.00 to $485.00 in a research report on Thursday. Finally, Jefferies Financial Group dropped their price objective on Carvana from $485.00 to $475.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. One equities research 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $462.22.

Carvana Trading Down 3.2%

NYSE:CVNA opened at $383.30 on Thursday. The company has a current ratio of 4.31, a quick ratio of 2.73 and a debt-to-equity ratio of 1.15. Carvana has a 1-year low of $250.89 and a 1-year high of $486.89. The firm has a market capitalization of $83.89 billion, a price-to-earnings ratio of 46.63 and a beta of 3.61. The business's 50-day moving average price is $336.94 and its two-hundred day moving average price is $371.95.

Shares of Carvana are set to split on the morning of Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly minted shares will be payable to shareholders after the closing bell 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 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.11. The company had revenue of $6.43 billion during 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%. On average, equities analysts expect that Carvana will post 6.97 earnings per share for the current year.

Insider Transactions at Carvana

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 transaction of $3,956,962.50. Following the sale, the chief financial officer directly owned 197,089 shares in the company, valued at $61,166,571.15. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Benjamin E. Huston sold 10,000 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $411.27, for a total transaction of $4,112,700.00. Following the completion of the sale, the chief operating officer directly owned 98,652 shares in the company, valued at $40,572,608.04. This represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 56,170 shares of company stock valued at $20,020,204. 15.19% of the stock is currently owned by insiders.

Institutional Trading of Carvana

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

Carvana News Summary

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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