Carvana’s (CVNA) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reiterated their neutral rating on shares of Carvana (NYSE:CVNA) in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a $67.00 price objective on the stock.

Several other research analysts also recently weighed in on the company. Citigroup reiterated a “market outperform” rating on shares of Carvana in a research note on Wednesday. BNP Paribas Exane dropped their target price on Carvana from $86.00 to $69.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Hovde Group upped their price target on Carvana from $39.50 to $48.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 4th. Barclays reaffirmed an “overweight” rating and set a $80.00 price target (down from $93.00) on shares of Carvana in a report on Tuesday, October 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $84.00 price target (up from $83.00) on shares of Carvana in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.09.

Carvana Stock Performance

NYSE CVNA opened at $68.15 on Thursday. The company has a quick ratio of 2.33, a current ratio of 4.05 and a debt-to-equity ratio of 0.86. Carvana has a 52-week low of $54.46 and a 52-week high of $97.38. The business’s 50-day moving average price is $65.78 and its 200 day moving average price is $69.42. The firm has a market cap of $75.00 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.08 and a beta of 3.55.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.05). The company had revenue of $8.04 billion during the quarter, compared to analyst estimates of $7.71 billion. Carvana had a net margin of 6.21% and a return on equity of 34.77%. The business’s revenue was up 42.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. On average, equities research analysts expect that Carvana will post 1.59 earnings per share for the current year.

Insider Activity

In related news, Director J Quayle sold 14,525 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $75.00, for a total value of $1,089,375.00. Following the completion of the sale, the director owned 214,960 shares in the company, valued at $16,122,000. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Jenkins sold 63,750 shares of Carvana stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $61.64, for a total value of $3,929,550.00. Following the completion of the sale, the chief financial officer directly owned 1,142,502 shares in the company, valued at $70,423,823.28. This represents a 5.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 358,161 shares of company stock valued at $24,164,285 over the last ninety days. 15.19% of the stock is currently owned by company insiders.

Institutional Trading of Carvana

Hedge funds have recently modified their holdings of the business. Provenance Wealth Advisors LLC acquired a new stake in shares of Carvana in the 3rd quarter worth approximately $25,000. Ascentis Independent Advisors purchased a new position in Carvana in the 1st quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Carvana by 152.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock valued at $30,000 after purchasing an additional 58 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in Carvana by 558.0% during the second quarter. Transamerica Financial Advisors LLC now owns 454 shares of the company’s stock worth $30,000 after purchasing an additional 385 shares during the last quarter. Finally, GoalVest Advisory LLC raised its holdings in Carvana by 400.0% during the second quarter. GoalVest Advisory LLC now owns 500 shares of the company’s stock worth $33,000 after purchasing an additional 400 shares during the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana reported record third-quarter revenue of approximately $8.04 billion, up 42.4% year over year, with retail unit sales rising nearly 40% to roughly 217,385 vehicles. The strong volume growth exceeded revenue expectations and overshadowed the earnings miss. Carvana Q3 2026 Earnings Call Highlights
• Positive Sentiment: Morgan Stanley named Carvana a top pick, while UBS maintained a Buy rating. Barclays raised its price target to $82 from $80, and Citizens JMP increased its target to $85 from $83, suggesting analysts see meaningful upside if growth continues. Morgan Stanley Names Carvana a Top Pick
• Positive Sentiment: Needham retained a Buy rating despite lowering its target to $100, arguing that the recent selloff went too far. Commentary also pointed to positive free cash flow and an improved net-debt position as signs of strengthening financial health. Needham’s $100 Target
• Neutral Sentiment: CEO comments that artificial intelligence could simplify used-car buying offer a potential long-term efficiency and customer-experience opportunity, but no specific financial benefit or implementation timeline was announced. Carvana CEO Says AI Could Simplify Used-Car Buying
• Negative Sentiment: Adjusted earnings of $0.39 per share missed estimates, as higher logistics expenses, interest costs and declining unit profitability pressured margins despite record sales. Analysts warn that rising costs, substantial debt and ambitious expansion plans could limit financial flexibility. CVNA Q3 Earnings Miss on Higher Costs
• Negative Sentiment: BNP Paribas Exane and DA Davidson maintained Neutral ratings with $67 targets, underscoring skepticism that the stock’s premium valuation is justified without further margin improvement.

About Carvana

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.