Carvana (CVNA) News Today

Why CVNA Shares Are Moving

Carvana Co. (NYSE:CVNA) has seen its stock advance today on the back of impressive Q2 results and a wave of analyst upgrades, partially offset by insider selling by the company’s CEO and founding family.

• Positive Sentiment: Carvana posted a Q2 earnings beat with revenue up 42% year-over-year and record vehicle deliveries, driving strong profit and margin gains. Carvana posts Q2 earnings beat driven by record vehicle sales
• Positive Sentiment: Shares hit a new 52-week high following better-than-expected Q2 earnings. Carvana Hits New 12-Month High on Better-Than-Expected Earnings
• Positive Sentiment: Tariff-related tailwinds provided an approximate $100 per car uplift in Q2, boosting margins. Carvana Cashed In On Trump's Tariffs...
• Positive Sentiment: Needham & Company LLC boosted its price target to $500 and maintained a “buy” rating. Needham & Company LLC Boosts Carvana Price Target to $500
• Positive Sentiment: Citigroup raised its target to $490 with a “buy” rating. Citigroup Ups Carvana Price Target to $490
• Positive Sentiment: Royal Bank of Canada upped its price objective to $460 and reiterated an “outperform” rating. Royal Bank Of Canada Gives Carvana New $460 Price Target
• Positive Sentiment: Piper Sandler increased its target to $440 and kept an “overweight” rating. Piper Sandler Increases Carvana Price Target to $440
• Positive Sentiment: Bank of America lifted its objective to $425 with a “buy” rating. Bank of America Raises Carvana Price Target to $425
• Positive Sentiment: JPMorgan Chase & Co. raised its target to $415 and upgraded the stock to “overweight.” JPMorgan Forecasts Strong Price Appreciation for Carvana
• Neutral Sentiment: DA Davidson increased its target to $380 but maintained a “neutral” rating. DA Davidson Forecasts Strong Price Appreciation for Carvana
• Neutral Sentiment: Overview of this week’s share surge and what’s driving Carvana’s momentum. Why Shares of Carvana Are Surging This Week
• Negative Sentiment: CEO Ernest C. Garcia III sold 10,000 shares at an average price of $335.27, trimming his stake. SEC Filing
• Negative Sentiment: CEO Ernest C. Garcia III sold 7,300 shares at an average price of $389.63, further reducing his holdings. SEC Filing
• Negative Sentiment: CEO Ernest C. Garcia III sold 2,700 shares at an average price of $403.83, trimming his position again. SEC Filing
• Negative Sentiment: Major shareholder Ernest C. Garcia II sold 50,000 shares at approximately $332.21, slightly reducing his stake. SEC Filing