Carvana (NYSE:CVNA) VP Stephen Palmer Sells 1,000 Shares of Stock

Carvana Co. (NYSE:CVNA) VP Stephen Palmer sold 1,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $395.32, for a total transaction of $395,320.00. Following the completion of the sale, the vice president directly owned 32,891 shares of the company’s stock, valued at approximately $13,002,470.12. This trade represents a 2.95% 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.

Carvana Price Performance

Carvana stock opened at $382.57 on Friday. The stock has a market cap of $83.73 billion, a price-to-earnings ratio of 46.54 and a beta of 3.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.73. Carvana Co. has a 1 year low of $250.89 and a 1 year high of $486.89. The firm has a 50-day moving average of $336.94 and a two-hundred day moving average of $371.95.

Carvana’s stock is set 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 market closes on Wednesday, May 6th.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 41.46%. On average, research analysts forecast that Carvana Co. will post 6.97 earnings per share for the current year.

Hedge Funds Weigh In On Carvana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp grew its stake in Carvana by 6.4% in the fourth quarter. First Horizon Corp now owns 418 shares of the company’s stock valued at $176,000 after purchasing an additional 25 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Carvana by 28.3% in the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock valued at $51,000 after purchasing an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Carvana by 23.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock valued at $62,000 after purchasing an additional 31 shares during the last quarter. Finivi Inc. grew its stake in Carvana by 4.6% in the fourth quarter. Finivi Inc. now owns 698 shares of the company’s stock valued at $295,000 after purchasing an additional 31 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in Carvana by 1.0% during the fourth quarter. HB Wealth Management LLC now owns 3,190 shares of the company’s stock valued at $1,346,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Key Headlines Impacting Carvana

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CVNA shares. Barclays reissued an “overweight” rating and issued a $475.00 price objective (up from $430.00) on shares of Carvana in a research report on Thursday. Citizens Jmp boosted their price objective on shares of Carvana from $460.00 to $515.00 and gave the company a “market outperform” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Carvana from $455.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Carvana from $440.00 to $460.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Argus raised shares of Carvana to a “strong-buy” rating in a research report on Tuesday, March 3rd. One 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $466.13.

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.