Carvana (NYSE:CVNA) Price Target Raised to $335.00 at DA Davidson

Carvana (NYSE:CVNA) had its price target upped by equities research analysts at DA Davidson from $320.00 to $335.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target would suggest a potential downside of 12.43% from the company’s current price.

A number of other analysts have also recently issued reports on the stock. BNP Paribas Exane raised their target price on shares of Carvana from $388.00 to $429.00 in a research note on Thursday. Wedbush cut their target price on shares of Carvana from $500.00 to $425.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Needham & Company LLC raised their target price on shares of Carvana from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $537.00 target price on shares of Carvana in a research note on Thursday. Finally, Morgan Stanley raised their target price on shares of Carvana from $450.00 to $510.00 and gave the stock an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $466.13.

Carvana Stock Performance

Shares of NYSE CVNA traded down $13.23 during mid-day trading on Friday, reaching $382.57. 4,345,697 shares of the company were exchanged, compared to its average volume of 3,618,506. The company’s 50-day simple moving average is $336.94 and its 200-day simple moving average is $371.95. The company has a quick ratio of 2.73, a current ratio of 4.31 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $83.73 billion, a P/E ratio of 46.54 and a beta of 3.61. Carvana has a twelve month low of $250.89 and a twelve month high of $486.89.

Shares of Carvana are scheduled 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) last posted its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 net margin of 6.40% and a return on equity of 46.63%. As a group, research analysts predict that Carvana will post 6.97 earnings per share for the current year.

Insiders Place Their Bets

In other Carvana news, VP Stephen R. Palmer sold 1,000 shares of Carvana stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $317.50, for a total value of $317,500.00. Following the completion of the sale, the vice president owned 33,891 shares in the company, valued at $10,760,392.50. The trade was a 2.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Taira sold 3,770 shares of Carvana stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $341.00, for a total transaction of $1,285,570.00. Following the completion of the sale, the insider owned 58,564 shares of the company’s stock, valued at $19,970,324. This trade represents a 6.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 56,170 shares of company stock worth $20,020,204. 15.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carvana

Several hedge funds and other institutional investors have recently made changes to their positions in CVNA. Ascentis Independent Advisors acquired a new position in shares of Carvana in the 1st quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carvana in the 4th quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Carvana in the 4th quarter valued at approximately $29,000. ORG Partners LLC raised its position in shares of Carvana by 8,700.0% in the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after buying an additional 87 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of Carvana in the 4th quarter valued at approximately $33,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

More Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Wall Street raised price targets and ratings across the board after Carvana’s Q1 beat; notable actions include multiple firms lifting targets into the $450–$600 range (Morgan Stanley, Needham, JPMorgan, Wells Fargo, Stephens, BTIG, RBC and others), signaling broad analyst confidence in the growth rebound. Wall Street Showers Carvana With Price Target Hikes
• Positive Sentiment: Carvana reported strong Q1 results — record retail units (~187k), revenue and GAAP operating income (and a reported profit) that topped estimates — which is the primary catalyst behind the analyst upgrades and higher targets. Carvana Announces Record First Quarter 2026 Results
• Positive Sentiment: Independent research and broker notes (Needham, BTIG, Needham’s move to $600 PT) issued positive forecasts reinforcing the buy-side momentum. Needham & Company LLC Issues Positive Forecast for Carvana
• Neutral Sentiment: Some analysts and commentary are revisiting valuation after the rally — the stock now carries a premium multiple relative to peers, prompting debates about whether the upside is justified solely by growth. Assessing Carvana Valuation After Recent Share Price Strength
• Neutral Sentiment: Corporate actions that may affect trading dynamics: Carvana’s strong operational momentum and capacity expansion were highlighted on the call; these are positive long-term signals but can increase short-term volatility as expectations reset. Carvana: In A Class Of Its Own With Furious Growth Rates
• Negative Sentiment: Despite top-line and EPS beats, per-unit margins declined and management noted margin pressure — a key reason some traders trimmed positions after the print. Carvana Q1 Earnings Beat Estimates on Record Retail Unit Growth
• Negative Sentiment: Short-term profit-taking showed up in coverage noting a post-earnings pullback (a ~3% drop reported in some outlets), reflecting traders locking gains after the recent run. Carvana (CVNA) Stock Drops 3% After First Quarter Earnings

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.