Carvana (NYSE:CVNA) Price Target Raised to $460.00

Carvana (NYSE:CVNA) had its target price increased by equities researchers at Royal Bank Of Canada from $440.00 to $460.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 20.50% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. William Blair reissued an “outperform” rating on shares of Carvana in a research report on Friday, March 13th. UBS Group reissued a “buy” rating and set a $520.00 target price (up from $485.00) on shares of Carvana in a research report on Thursday. Evercore boosted their target price on shares of Carvana from $390.00 to $400.00 in a research report on Tuesday. DA Davidson cut their target price on shares of Carvana from $470.00 to $320.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $537.00 price objective on shares of Carvana in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $465.48.

Carvana Stock Down 3.6%

Shares of CVNA stock traded down $14.06 on Friday, hitting $381.74. The company’s stock had a trading volume of 2,704,746 shares, compared to its average volume of 3,605,771. The stock has a market capitalization of $83.54 billion, a price-to-earnings ratio of 46.36 and a beta of 3.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.31 and a quick ratio of 2.73. Carvana has a fifty-two week low of $250.89 and a fifty-two week high of $486.89. The firm’s fifty day moving average price is $336.94 and its 200-day moving average price is $371.95.

Shares of Carvana are set to split on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly created shares will be issued to shareholders after the closing bell on Wednesday, May 6th.

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

Insiders Place Their Bets

In related news, VP Stephen R. Palmer sold 1,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $317.50, for a total value of $317,500.00. Following the completion of the sale, the vice president owned 33,891 shares in the company, valued at approximately $10,760,392.50. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Danforth Quayle sold 2,900 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $309.97, for a total transaction of $898,913.00. Following the completion of the sale, the director owned 41,913 shares of the company’s stock, valued at approximately $12,991,772.61. The trade was a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,170 shares of company stock valued at $20,020,204 in the last quarter. 15.19% of the stock is currently owned by insiders.

Institutional Trading of Carvana

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carvana in the fourth quarter valued at about $29,000. Farmers & Merchants Investments Inc. bought a new stake in Carvana in the fourth quarter valued at about $29,000. Motiv8 Investments LLC bought a new stake in Carvana in the fourth quarter valued at about $33,000. Ascentis Independent Advisors bought a new stake in Carvana in the first quarter valued at about $26,000. Finally, Salomon & Ludwin LLC increased its stake in Carvana by 112.5% in the fourth quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock valued at $37,000 after acquiring an additional 45 shares during the period. Institutional investors own 56.71% of the company’s stock.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Record Q1 results — Carvana reported better?than?expected Q1 results (EPS $1.69 vs. consensus ~ $1.58; revenue ~$6.43B) with record retail unit sales (~187,393 units, +40% YoY) and a reported GAAP profit. That fundamental beat is the primary bullish catalyst. Carvana Announces Record First Quarter 2026 Results
• Positive Sentiment: Broad analyst upgrades and price?target hikes — Dozens of firms raised targets and ratings after the quarter (Needham to $600, Morgan Stanley to $510, JPMorgan, Wells Fargo, BTIG, Stephens, Citizens/JMP and others), signaling renewed Wall Street conviction and creating upside re?pricing pressure. Wall Street Showers Carvana With Price Target Hikes
• Neutral Sentiment: Analyst commentary and coverage expansion — Several research shops (Needham, BTIG, Morgan Stanley, etc.) published bullish notes emphasizing growth runway and capacity expansion; this increases institutional visibility but may already be priced in. Carvana: In A Class Of Its Own With Furious Growth Rates
• Neutral Sentiment: Valuation review — Coverage and commentary highlight that recent share gains have pushed Carvana toward a premium multiple, prompting articles that reassess valuation versus growth expectations; this is informational but mixed in impact. Assessing Carvana (CVNA) Valuation After Recent Share Price Strength
• Negative Sentiment: Profit?taking and margin concerns — Despite the revenue and EPS beat, coverage noted a dip in per?unit margins and rising operating costs; some outlets reported a modest post?earnings pullback (stock briefly down ~3% in one report) as traders book gains and digest margin trends. Carvana (CVNA) Stock Drops 3% After First Quarter Earnings Despite Revenue Surge

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.