Evercore ISI Forecasts Strong Price Appreciation for Carvana (NYSE:CVNA) Stock

Carvana (NYSE:CVNA) had its price objective increased by stock analysts at Evercore ISI from $425.00 to $430.00 in a report issued on Tuesday,MarketScreener reports. Evercore ISI’s target price indicates a potential upside of 5.40% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded Carvana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. DA Davidson set a $360.00 price target on shares of Carvana in a research report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on shares of Carvana from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday. Argus began coverage on shares of Carvana in a research report on Monday, December 15th. They set a “buy” rating and a $500.00 target price on the stock. Finally, Gordon Haskett dropped their price target on shares of Carvana from $445.00 to $435.00 and set a “hold” rating for the company in a research report on Monday, January 5th. Nineteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $474.27.

Carvana Trading Down 14.6%

Shares of NYSE:CVNA opened at $407.95 on Tuesday. Carvana has a 12-month low of $148.25 and a 12-month high of $486.89. The business has a 50 day moving average of $427.84 and a 200-day moving average of $378.26. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. The stock has a market cap of $88.75 billion, a PE ratio of 93.14, a P/E/G ratio of 1.15 and a beta of 3.54.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.26). The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. As a group, equities research analysts forecast that Carvana will post 2.85 earnings per share for the current year.

Insider Activity at Carvana

In other Carvana news, insider Thomas Taira sold 1,174 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $447.00, for a total transaction of $524,778.00. Following the completion of the transaction, the insider directly owned 68,252 shares in the company, valued at $30,508,644. The trade was a 1.69% 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. Also, VP Stephen R. Palmer sold 1,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $419.48, for a total value of $419,480.00. Following the completion of the sale, the vice president directly owned 38,744 shares in the company, valued at approximately $16,252,333.12. This represents a 2.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 467,626 shares of company stock worth $192,090,109 in the last 90 days. Corporate insiders own 16.36% of the company’s stock.

Institutional Trading of Carvana

Several institutional investors and hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC increased its holdings in shares of Carvana by 1,950.7% during the second quarter. Los Angeles Capital Management LLC now owns 111,190 shares of the company’s stock valued at $37,467,000 after acquiring an additional 105,768 shares in the last quarter. Hudson Bay Capital Management LP lifted its holdings in shares of Carvana by 158.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 16,478 shares of the company’s stock worth $5,552,000 after purchasing an additional 10,090 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Carvana by 11.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 637,462 shares of the company’s stock valued at $240,476,000 after purchasing an additional 64,424 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Carvana by 14.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 193,879 shares of the company’s stock valued at $76,662,000 after purchasing an additional 24,129 shares in the last quarter. Finally, Strs Ohio increased its stake in Carvana by 89.9% during the 3rd quarter. Strs Ohio now owns 37,756 shares of the company’s stock valued at $14,243,000 after purchasing an additional 17,878 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: JPMorgan raised its price target to $510 and keeps an “overweight” rating, signaling continued analyst conviction in Carvana’s growth runway despite recent headlines. JPMorgan raises price target to $510
• Positive Sentiment: Some analysts highlight an expanding online buyer base and improving unit economics that supported earlier gains in the stock, underpinning the bull case if operational momentum continues. Carvana Is Up After Analysts Cite Expanding Online Buyer Base
• Neutral Sentiment: Evercore slightly adjusted its price target (from $425 to $430); the change is modest and its rating remains cautious, leaving room for differing analyst views to drive volatility. Evercore adjusts price target on Carvana
• Neutral Sentiment: Market commentary and roundups are debating whether the recent run-up in CVNA needed reassessment; these pieces provide context but don’t directly alter fundamentals. Carvana Stock Plummeted Today — Here’s Why
• Negative Sentiment: Gotham City Research alleges Carvana overstated earnings by roughly $1 billion and raised related‑party concerns; those claims are the proximate cause of the sharp selloff and heightened scrutiny. Carvana shares fall following short-seller accusations
• Negative Sentiment: Multiple securities‑law firms (Bleichmar Fonti & Auld LLP and Block & Leviton) have launched investigations and notified investors, increasing legal and disclosure risk for the company and likely prolonging uncertainty. BFA Law launches investigation into Carvana Block & Leviton investigating Carvana
• Negative Sentiment: The market reaction—sharp price decline and heavy intraday volume—reflects elevated execution, disclosure and governance concerns; until the company addresses the allegations (or regulators clarify outcomes), expect elevated volatility. Why CVNA erased its 2026 gains

Carvana Company Profile

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.