Carvana (NYSE:CVNA) Given New $100.00 Price Target at Needham & Company LLC

Carvana (NYSE:CVNA) had its price target decreased by equities research analysts at Needham & Company LLC from $120.00 to $100.00 in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s target price would indicate a potential upside of 70.20% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. DA Davidson set a $67.00 price target on Carvana in a report on Thursday, July 30th. Barclays reiterated an “overweight” rating and set a $80.00 target price (down from $93.00) on shares of Carvana in a research report on Tuesday, October 6th. BTIG Research set a $82.00 target price on shares of Carvana in a research note on Thursday. UBS Group restated a “buy” rating and issued a $83.00 price target on shares of Carvana in a report on Friday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Carvana in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.74.

Carvana Stock Down 0.8%

Shares of NYSE:CVNA opened at $58.75 on Thursday. Carvana has a 1 year low of $54.46 and a 1 year high of $97.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33. The business’s 50-day moving average is $65.89 and its 200-day moving average is $69.64. The company has a market capitalization of $64.66 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 1.71 and a beta of 3.55.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, October 28th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.05). The business had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.71 billion. Carvana had a return on equity of 37.06% and a net margin of 6.26%. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. Equities research analysts predict that Carvana will post 1.63 earnings per share for the current year.

Insider Transactions at Carvana

In other news, insider Thomas Taira sold 5,597 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $65.00, for a total transaction of $363,805.00. Following the transaction, the insider directly owned 357,442 shares of the company’s stock, valued at $23,233,730. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stephen R. Palmer sold 5,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $61.64, for a total value of $308,200.00. Following the completion of the transaction, the vice president owned 120,865 shares in the company, valued at approximately $7,450,118.60. This represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 358,161 shares of company stock valued at $24,164,285. Company insiders own 15.19% of the company’s stock.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently bought and sold shares of the business. Saudi Central Bank increased its position in shares of Carvana by 806.1% during the second quarter. Saudi Central Bank now owns 45,043 shares of the company’s stock worth $2,965,000 after acquiring an additional 40,072 shares in the last quarter. WINTON GROUP Ltd bought a new position in Carvana in the 2nd quarter valued at about $23,046,000. Parkwood LLC lifted its position in Carvana by 3,147.7% in the 2nd quarter. Parkwood LLC now owns 139,000 shares of the company’s stock valued at $9,149,000 after acquiring an additional 134,720 shares in the last quarter. Fund 1 Investments LLC acquired a new position in Carvana during the 2nd quarter valued at about $3,126,000. Finally, Hsbc Holdings PLC boosted its stake in Carvana by 239.6% during the 4th quarter. Hsbc Holdings PLC now owns 221,727 shares of the company’s stock valued at $93,748,000 after purchasing an additional 156,430 shares during the last quarter. 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: Carvana reported $8.04 billion in Q3 revenue, up 42.4% year over year and ahead of the roughly $7.71 billion consensus estimate. Retail vehicle units sold rose nearly 40%, underscoring strong demand and supporting the bullish reaction. Carvana Profit Soars as Vehicle Sales Climb Nearly 40%
• Positive Sentiment: The company generated positive free cash flow and improved its net debt position to its best level in nearly five years. Management also reiterated an ambitious long-term opportunity, targeting 3 million annual retail units and a 12.5% operating margin by 2030–2035. Carvana Continues To Improve
• Neutral Sentiment: Carvana posted approximately $289 million in net profit, with a 6.26% net margin and 37.06% return on equity. The earnings call indicated that management is placing greater emphasis on GAAP metrics and operational scale, which could improve investor confidence if sustained. Carvana Q3 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted earnings were weaker than expected: Q3 EPS was $0.39, below estimates ranging from $0.44 to $0.47 and down from $1.03 a year earlier. Lower gross profit per unit and weaker GPU performance indicate that Carvana is trading some profitability for rapid volume growth. Carvana Misses Q3 Earnings Estimates

Carvana Company Profile

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.