Carvana (NYSE:CVNA) Stock Gets Price Target Trim from BNP Paribas Exane

Carvana (NYSE:CVNA) had its price objective trimmed by BNP Paribas Exane from $69.00 to $67.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently commented on CVNA. Citigroup reaffirmed a “market outperform” rating on shares of Carvana in a report on Wednesday. Bank of America reissued a “neutral” rating on shares of Carvana in a report on Thursday. 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 report on Tuesday, August 4th. Royal Bank Of Canada set a $82.00 price objective on Carvana and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $67.00 price objective on shares of Carvana in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and an average price target of $82.09.

Carvana Stock Down 0.2%

CVNA opened at $68.15 on Thursday. The firm’s 50 day simple moving average is $65.78 and its two-hundred day simple moving average is $69.42. The company has a market capitalization of $75.00 billion, a PE ratio of 34.21, a PEG ratio of 2.08 and a beta of 3.55. Carvana has a 1-year low of $54.46 and a 1-year high of $97.38. The company has a current ratio of 4.05, a quick ratio of 2.33 and a debt-to-equity ratio of 0.86.

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

Insider Transactions at Carvana

In other news, VP Stephen Palmer sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $61.64, for a total transaction of $308,200.00. Following the sale, the vice president directly owned 120,865 shares in the company, valued at $7,450,118.60. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $71.55, for a total transaction of $3,577,500.00. Following the transaction, the chief operating officer owned 478,693 shares in the company, valued at approximately $34,250,484.15. This trade represents a 9.46% 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. Over the last quarter, insiders sold 358,161 shares of company stock valued at $24,164,285. Company insiders own 15.19% of the company’s stock.

Institutional Investors Weigh In On Carvana

Institutional investors have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Carvana by 417.1% in the second quarter. State Street Corp now owns 29,435,364 shares of the company’s stock valued at $1,937,436,000 after purchasing an additional 23,742,422 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Carvana by 345.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,325,237 shares of the company’s stock valued at $218,867,000 after purchasing an additional 2,579,295 shares in the last quarter. Amundi raised its stake in Carvana by 379.7% during the second quarter. Amundi now owns 2,421,045 shares of the company’s stock valued at $159,353,000 after purchasing an additional 1,916,349 shares in the last quarter. Spruce House Investment Management LLC raised its stake in Carvana by 2.6% during the first quarter. Spruce House Investment Management LLC now owns 2,335,000 shares of the company’s stock valued at $734,077,000 after purchasing an additional 60,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Carvana by 384.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,898,095 shares of the company’s stock valued at $124,933,000 after purchasing an additional 1,506,145 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Key Headlines Impacting Carvana

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.

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.