Insider Selling: Carvana (NYSE:CVNA) VP Sells 1,000 Shares of Stock

Key Points

• VP Stephen Palmer sold 1,000 Carvana shares on May 1 at an average of $395.32 for $395,320 under a Rule 10b5-1 plan, leaving him with 32,891 shares (a 2.95% ownership decline).
• Carvana stock traded down to $382.57 on the day with volume well above average, and the company is set to execute a 5-for-1 stock split effective May 7.
• Q1 results beat expectations (EPS $1.69 vs $1.58; revenue $6.43B vs $6.12B), prompting multiple analyst price-target upgrades, though some warn about premium valuation and margin pressures; consensus target is about $466.13.

Carvana Co. (NYSE:CVNA - Get Free Report) VP Stephen Palmer sold 1,000 shares of Carvana stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $395.32, for a total transaction of $395,320.00. Following the completion of the transaction, the vice president owned 32,891 shares of the company's stock, valued at $13,002,470.12. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carvana Stock Performance

Carvana stock traded down $13.23 during mid-day trading on Friday, reaching $382.57. The company's stock had a trading volume of 4,359,806 shares, compared to its average volume of 2,602,332. Carvana Co. has a 12-month low of $250.89 and a 12-month high of $486.89. The company has a market capitalization of $83.73 billion, a P/E ratio of 46.54 and a beta of 3.55. 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 firm's fifty day moving average price is $336.94 and its two-hundred day moving average price is $371.95.

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

Carvana (NYSE:CVNA - Get Free Report) last released 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 firm 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 41.46%. Sell-side analysts predict that Carvana Co. will post 6.97 EPS for the current fiscal year.

Key Stories Impacting Carvana

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

Institutional Trading of Carvana

Several institutional investors have recently added to or reduced their stakes in CVNA. Royal Bank of Canada boosted its position in Carvana by 40.8% during the first quarter. Royal Bank of Canada now owns 29,867 shares of the company's stock valued at $6,243,000 after buying an additional 8,654 shares during the period. Geneos Wealth Management Inc. boosted its position in Carvana by 251.4% during the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company's stock valued at $53,000 after buying an additional 181 shares during the period. Cerity Partners LLC boosted its position in Carvana by 28.8% during the second quarter. Cerity Partners LLC now owns 5,481 shares of the company's stock valued at $1,847,000 after buying an additional 1,226 shares during the period. AXA S.A. boosted its position in Carvana by 340.7% during the second quarter. AXA S.A. now owns 4,253 shares of the company's stock valued at $1,433,000 after buying an additional 3,288 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Carvana by 9.1% during the second quarter. NewEdge Advisors LLC now owns 9,893 shares of the company's stock valued at $3,334,000 after buying an additional 825 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVNA has been the subject of several research reports. BTIG Research upped their target price on shares of Carvana from $455.00 to $485.00 and gave the stock a "buy" rating in a research report on Thursday. Bank of America upped their target price on shares of Carvana from $360.00 to $410.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 21st. UBS Group reiterated a "buy" rating and issued a $520.00 target price (up from $485.00) on shares of Carvana in a research report on Thursday. Needham & Company LLC upped their target price on shares of Carvana from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, DA Davidson upped their target price on shares of Carvana from $320.00 to $335.00 and gave the stock a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $466.13.

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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