Carvana Co. (NYSE:CVNA - Get Free Report) VP Stephen Palmer sold 1,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $395.32, for a total transaction of $395,320.00. Following the sale, the vice president directly owned 32,891 shares of the company's stock, valued at $13,002,470.12. The trade was a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carvana Trading Down 3.3%
NYSE:CVNA opened at $382.57 on Friday. Carvana Co. has a 52 week low of $250.89 and a 52 week high of $486.89. The firm has a 50 day moving average of $336.94 and a 200 day moving average of $371.95. The company has a quick ratio of 2.73, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $83.73 billion, a price-to-earnings ratio of 46.54 and a beta of 3.55.
Shares of Carvana are set 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 issued to shareholders after the market closes on Wednesday, May 6th.
Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.11. Carvana had a net margin of 6.40% and a return on equity of 41.46%. The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.12 billion. As a group, sell-side analysts anticipate that Carvana Co. will post 6.97 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on CVNA shares. Citigroup reissued an "outperform" rating on shares of Carvana in a research report on Friday. Robert W. Baird set a $440.00 target price on shares of Carvana in a research report on Thursday. BTIG Research raised their price target on shares of Carvana from $455.00 to $485.00 and gave the stock a "buy" rating in a report on Thursday. BNP Paribas Exane raised their price target on shares of Carvana from $388.00 to $429.00 in a report on Thursday. Finally, Argus raised shares of Carvana to a "strong-buy" rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $466.13.
Get Our Latest Research Report on CVNA
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CVNA. Ascentis Independent Advisors purchased a new position in shares of Carvana in the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carvana in the fourth quarter worth $29,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Carvana in the fourth quarter worth $29,000. ORG Partners LLC increased its stake in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company's stock worth $33,000 after acquiring an additional 87 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in shares of Carvana in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 56.71% of the company's stock.
Carvana News Roundup
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
About Carvana
(
Get Free Report)
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.
Further Reading
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