Carvana (NYSE:CVNA) Given New $85.00 Price Target at Citizens Jmp

Carvana (NYSE:CVNA) had its price target boosted by Citizens Jmp from $83.00 to $85.00 in a report released on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other research firms also recently issued reports on CVNA. Wells Fargo & Company restated an “overweight” rating and set a $75.00 price objective (down from $80.00) on shares of Carvana in a report on Friday, October 23rd. Evercore set a $75.00 price objective on shares of Carvana in a research report on Thursday, July 30th. DA Davidson reiterated a “neutral” rating and issued a $67.00 target price on shares of Carvana in a research note on Thursday. Robert W. Baird set a $72.00 target price on Carvana in a research report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Carvana in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.09.

Carvana Trading Down 0.2%

Shares of Carvana stock opened at $68.15 on Friday. Carvana has a 1 year low of $54.46 and a 1 year high of $97.38. The company’s fifty day simple moving average is $65.78 and its 200-day simple moving average is $69.42. The company has a market cap of $75.00 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.08 and a beta of 3.55. The company has a current ratio of 4.05, a quick ratio of 2.33 and a debt-to-equity ratio of 0.86.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, October 28th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.05). Carvana had a net margin of 6.21% and a return on equity of 34.77%. The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.71 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. Carvana’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, sell-side analysts expect that Carvana will post 1.58 EPS for the current year.

Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 63,750 shares of Carvana stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $61.64, for a total transaction of $3,929,550.00. Following the sale, the chief financial officer directly owned 1,142,502 shares of the company’s stock, valued at approximately $70,423,823.28. The trade was a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Quayle sold 14,525 shares of Carvana stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $75.00, for a total value of $1,089,375.00. Following the sale, the director directly owned 214,960 shares in the company, valued at $16,122,000. The trade was a 6.33% decrease in their ownership of the stock. 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 three months, insiders have sold 358,161 shares of company stock valued at $24,164,285. Corporate insiders own 15.19% of the company’s stock.

Hedge Funds Weigh In On Carvana

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Carvana by 152.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the period. Meeder Advisory Services Inc. lifted its holdings in shares of Carvana by 3.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,993 shares of the company’s stock worth $627,000 after acquiring an additional 75 shares during the period. Ascentis Independent Advisors bought a new stake in shares of Carvana during the 1st quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in shares of Carvana during the 1st quarter worth approximately $36,000. Finally, Root Financial Partners LLC boosted its position in shares of Carvana by 114.1% during the 1st quarter. Root Financial Partners LLC now owns 289 shares of the company’s stock worth $91,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana reported record third-quarter revenue of approximately $8.04 billion, up 42.4% year over year, with retail unit sales rising nearly 40% to roughly 217,385 vehicles. The strong volume growth exceeded revenue expectations and overshadowed the earnings miss. Carvana Q3 2026 Earnings Call Highlights
• Positive Sentiment: Morgan Stanley named Carvana a top pick, while UBS maintained a Buy rating. Barclays raised its price target to $82 from $80, and Citizens JMP increased its target to $85 from $83, suggesting analysts see meaningful upside if growth continues. Morgan Stanley Names Carvana a Top Pick
• Positive Sentiment: Needham retained a Buy rating despite lowering its target to $100, arguing that the recent selloff went too far. Commentary also pointed to positive free cash flow and an improved net-debt position as signs of strengthening financial health. Needham’s $100 Target
• Neutral Sentiment: CEO comments that artificial intelligence could simplify used-car buying offer a potential long-term efficiency and customer-experience opportunity, but no specific financial benefit or implementation timeline was announced. Carvana CEO Says AI Could Simplify Used-Car Buying
• Negative Sentiment: Adjusted earnings of $0.39 per share missed estimates, as higher logistics expenses, interest costs and declining unit profitability pressured margins despite record sales. Analysts warn that rising costs, substantial debt and ambitious expansion plans could limit financial flexibility. CVNA Q3 Earnings Miss on Higher Costs
• Negative Sentiment: BNP Paribas Exane and DA Davidson maintained Neutral ratings with $67 targets, underscoring skepticism that the stock’s premium valuation is justified without further margin improvement.

About Carvana

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.