Royal Bank Of Canada Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price

Carvana (NYSE:CVNA) had its price target raised by Royal Bank Of Canada from $440.00 to $460.00 in a research report report published on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. UBS Group restated a “buy” rating and set a $520.00 price objective (up from $485.00) on shares of Carvana in a research report on Thursday. Wells Fargo & Company upped their target price on Carvana from $425.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup reissued an “outperform” rating on shares of Carvana in a research report on Friday. William Blair restated an “outperform” rating on shares of Carvana in a report on Friday, March 13th. Finally, 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. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $466.13.

Carvana Trading Down 3.3%

Shares of CVNA stock traded down $13.23 during trading hours on Friday, reaching $382.57. 4,359,806 shares of the stock traded hands, compared to its average volume of 2,602,332. 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 firm has a market capitalization of $83.72 billion, a PE ratio of 46.54 and a beta of 3.55. Carvana has a 1-year low of $250.89 and a 1-year high of $486.89. The business has a fifty day moving average price of $336.94 and a 200 day moving average price of $371.95.

Shares of Carvana are going to split on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, May 6th.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.58 by $0.11. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The business had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.12 billion. On average, equities research analysts forecast that Carvana will post 6.97 EPS for the current year.

Insider Activity at Carvana

In related news, Director J Danforth Quayle sold 2,900 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $309.97, for a total value of $898,913.00. Following the transaction, the director owned 41,913 shares in the company, valued at approximately $12,991,772.61. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas Taira sold 3,770 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $341.00, for a total transaction of $1,285,570.00. Following the transaction, the insider directly owned 58,564 shares in the company, valued at approximately $19,970,324. The trade was a 6.05% decrease in their position. 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 three months, insiders sold 79,920 shares of company stock worth $29,201,797. 15.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CVNA. Royal Bank of Canada boosted its holdings in Carvana by 40.8% in the first quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock worth $6,243,000 after purchasing an additional 8,654 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Carvana by 251.4% during the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock valued at $53,000 after buying an additional 181 shares in the last quarter. Cerity Partners LLC raised its holdings in Carvana by 28.8% during the second quarter. Cerity Partners LLC now owns 5,481 shares of the company’s stock valued at $1,847,000 after buying an additional 1,226 shares in the last quarter. AXA S.A. lifted its position in shares of Carvana by 340.7% in the second quarter. AXA S.A. now owns 4,253 shares of the company’s stock worth $1,433,000 after buying an additional 3,288 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Carvana by 9.1% in the second quarter. NewEdge Advisors LLC now owns 9,893 shares of the company’s stock worth $3,334,000 after buying an additional 825 shares during the last quarter. Institutional investors and hedge funds 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

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.