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

Carvana (NYSE:CVNA) had its target price upped by Stephens from $430.00 to $485.00 in a research report released on Thursday morning,MarketScreener reports.

Other equities research analysts have also issued reports about the company. UBS Group reissued a “buy” rating and issued a $520.00 price target (up from $485.00) on shares of Carvana in a research report on Thursday. Argus upgraded shares of Carvana to a “strong-buy” rating in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $537.00 target price on shares of Carvana in a report on Thursday. DA Davidson dropped their price target on shares of Carvana from $470.00 to $320.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Finally, Robert W. Baird set a $440.00 price target on shares of Carvana in a report on Thursday. One research 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $464.61.

Carvana Stock Down 2.2%

Shares of CVNA traded down $8.72 on Thursday, reaching $387.08. The company’s stock had a trading volume of 1,953,211 shares, compared to its average volume of 3,596,084. The company has a current ratio of 4.31, a quick ratio of 2.73 and a debt-to-equity ratio of 1.15. Carvana has a twelve month low of $250.89 and a twelve month high of $486.89. The stock has a market capitalization of $84.71 billion, a PE ratio of 47.07 and a beta of 3.61. The firm has a fifty day moving average of $336.94 and a 200-day moving average of $371.95.

Carvana’s stock is going to split before the market opens on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, May 6th.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.11. Carvana had a return on equity of 46.63% and a net margin of 6.40%.The firm had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. Equities analysts predict that Carvana will post 6.97 EPS for the current year.

Insider Activity

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

Institutional Trading of Carvana

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ascentis Independent Advisors bought a new position in shares of Carvana in the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Carvana in the 4th quarter worth approximately $29,000. Farmers & Merchants Investments Inc. bought a new position in Carvana in the 4th quarter valued at $29,000. ORG Partners LLC grew its position in shares of Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after purchasing an additional 87 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of Carvana during the 4th quarter valued at $33,000. Institutional investors own 56.71% of the company’s stock.

Key Stories Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Q1 results beat expectations: Carvana reported record retail unit sales (187,393 units), revenue and EPS of $1.69 that topped estimates — management highlighted record GAAP operating income and adjusted EBITDA, underpinning the bullish reaction. Carvana Announces Record First Quarter 2026 Results
• Positive Sentiment: Needham issued a bullish forecast and raised its price target sharply (to $600), citing strong growth and margin progress — a highly visible endorsement that lifts investor conviction. Needham & Company LLC Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price
• Positive Sentiment: BTIG also upgraded its outlook and raised its target, joining multiple firms that bumped targets after the quarter — the analyst momentum is pressuring upside estimates and supporting the rally. BTIG Research Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price
• Positive Sentiment: Wider analyst re-rating: several brokerages (Morgan Stanley, JPMorgan, Wells Fargo and others) raised price targets and overweight/buy ratings after Q1, signaling broad Wall Street confidence and increasing potential upside. Wall Street Showers Carvana With Price Target Hikes
• Neutral Sentiment: Consensus sentiment is now around “Moderate Buy” as brokerages update models; this consensus supports demand but also sets expectations higher. Carvana Co. (NYSE:CVNA) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Valuation is being debated: recent share strength has pushed CVNA to a premium P/E and elevated multiples versus peers — investors are weighing growth vs. current valuation. Assessing Carvana (CVNA) Valuation
• Negative Sentiment: Price pullback / profit-taking: despite the upbeat quarter, CVNA experienced an intraday pullback after the print (reported ~3% drop in one coverage piece) as some traders booked gains and digested shorter-term risks. Carvana (CVNA) Stock Drops 3% After First Quarter Earnings Despite Revenue Surge
• Negative Sentiment: Margin pressure and rising costs flagged: the company reported strong unit and revenue growth but noted weaker per‑unit margins and higher operating costs — a read-through that could temper near-term margin expansion expectations. Carvana Co (CVNA) Q1 2026 Earnings Call Highlights

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.