Citizens Jmp Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price

Carvana (NYSE:CVNA) had its price target increased by Citizens Jmp from $460.00 to $515.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

CVNA has been the topic of a number of other research reports. Citigroup reaffirmed an “outperform” rating on shares of Carvana in a research report on Friday. Robert W. Baird set a $440.00 price objective on shares of Carvana in a research report on Thursday. Morgan Stanley boosted their price objective on shares of Carvana from $450.00 to $510.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank Of Canada reduced their target price on shares of Carvana from $500.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Finally, Gordon Haskett increased their target price on Carvana from $335.00 to $425.00 and gave the stock a “hold” rating in a report 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $466.13.

Carvana Trading Down 3.3%

Carvana stock traded down $13.23 during midday trading on Friday, hitting $382.57. 4,359,806 shares of the stock were exchanged, compared to its average volume of 2,602,332. The stock has a market capitalization of $83.72 billion, a PE ratio of 46.54 and a beta of 3.55. The company has a fifty day simple moving average of $336.94 and a two-hundred day simple moving average of $371.95. The company has a quick ratio of 2.73, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. Carvana has a 52 week low of $250.89 and a 52 week high of $486.89.

Carvana’s stock is 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) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.11. The business 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 41.46%. Equities research analysts anticipate that Carvana will post 6.97 EPS for the current fiscal year.

Insider Buying and Selling

In other Carvana news, VP Stephen R. Palmer sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $395.32, for a total transaction of $395,320.00. Following the transaction, the vice president owned 32,891 shares of the company’s stock, valued at $13,002,470.12. The trade was a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $309.97, for a total value of $898,913.00. Following the completion of the sale, the director owned 41,913 shares in the company, valued at $12,991,772.61. This represents a 6.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,920 shares of company stock worth $29,201,797 in the last 90 days. 15.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CVNA. Price T Rowe Associates Inc. MD increased its position in Carvana by 8.6% during 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 buying an additional 1,407,762 shares during the period. Vanguard Group Inc. boosted its position in shares of Carvana by 24.7% in the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after acquiring an additional 3,328,115 shares during the period. State Street Corp grew its stake in shares of Carvana by 93.7% in the fourth 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 increased its position in Carvana by 42.9% during the fourth 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 period. Finally, Geode Capital Management LLC increased its position in Carvana by 55.4% during the fourth 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 period. 56.71% of the stock is owned by institutional investors and hedge funds.

Carvana News Roundup

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

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.