Citigroup Issues Pessimistic Forecast for Carvana (NYSE:CVNA) Stock Price

Carvana (NYSE:CVNA) had its price target dropped by analysts at Citigroup from $93.00 to $90.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 44.57% from the company’s current price.

A number of other equities analysts have also weighed in on CVNA. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Carvana in a report on Thursday. UBS Group restated a “buy” rating and issued a $83.00 price target on shares of Carvana in a research note on Friday. Citizens Jmp lowered their price target on Carvana from $103.00 to $83.00 and set a “market outperform” rating on the stock in a report on Thursday. Bank of America increased their price objective on Carvana from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Argus lowered their target price on shares of Carvana from $500.00 to $100.00 in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $85.86.

Carvana Stock Up 1.3%

Shares of CVNA traded up $0.81 on Friday, reaching $62.25. The stock had a trading volume of 11,869,577 shares, compared to its average volume of 15,047,780. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. Carvana has a 12-month low of $54.46 and a 12-month high of $97.38. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 14.89 and a beta of 3.46. The company has a 50-day simple moving average of $66.97 and a 200-day simple moving average of $70.85.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Carvana had a net margin of 6.26% and a return on equity of 39.91%. The business had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter in the prior year, the company earned $1.51 earnings per share. The business’s revenue was up 52.4% compared to the same quarter last year. Sell-side analysts predict that Carvana will post 1.63 EPS for the current year.

Insider Buying and Selling at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $68.55, for a total value of $3,427,500.00. Following the transaction, the chief operating officer directly owned 458,755 shares of the company’s stock, valued at approximately $31,447,655.25. The trade was a 9.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $68.34, for a total transaction of $4,356,675.00. Following the completion of the transaction, the chief financial officer directly owned 1,029,580 shares in the company, valued at $70,361,497.20. This trade represents a 5.83% 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 quarter, insiders sold 278,212 shares of company stock valued at $19,343,496. 15.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carvana

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Carvana by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock worth $7,082,804,000 after acquiring an additional 3,328,115 shares during the last quarter. State Street Corp increased its stake in Carvana by 93.7% in the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock worth $2,411,751,000 after purchasing an additional 2,764,759 shares during the period. Capital Research Global Investors lifted its position in shares of 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 purchasing an additional 1,711,144 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Carvana by 8.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock worth $7,481,081,000 after purchasing an additional 1,407,762 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Carvana by 55.4% during the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after buying an additional 1,382,852 shares in the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana delivered a record Q2 2026, with revenue of $7.38 billion, above the roughly $6.90 billion consensus estimate, and earnings of $0.42 per share versus expectations of $0.39. Net income reached $513 million and adjusted EBITDA rose to a record $769 million, while retail unit sales increased 38% year over year. Carvana Announces Record Second Quarter 2026 Results
• Positive Sentiment: Commentators from LikeFolio and Needham argue that the post-earnings selloff is excessive, citing strong consumer demand, continued customer adoption of Carvana’s online model and potential for significant long-term upside. Needham maintained its buy view, while Barclays retained an overweight rating. Needham says Carvana stock could double as management lowers guidance
• Positive Sentiment: Management highlighted continued platform expansion, inventory growth and AI-driven customer-service efficiencies. Same-day delivery was also expanded to the Fort Myers area, supporting Carvana’s convenience-focused strategy. Carvana Slashes Customer Service Costs Through AI Agent

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.