JPMorgan Chase & Co. Issues Positive Forecast for Carvana (NYSE:CVNA) Stock Price

Carvana (NYSE:CVNA) had its price objective upped by JPMorgan Chase & Co. from $490.00 to $510.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

CVNA has been the subject of a number of other research reports. Citigroup lifted their price target on Carvana from $445.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Wells Fargo & Company raised their target price on shares of Carvana from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Carvana in a research note on Monday, December 29th. Wedbush raised their price objective on shares of Carvana from $400.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, Wall Street Zen lowered shares of Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $474.27.

Carvana Trading Down 14.6%

Carvana stock opened at $407.95 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana has a fifty-two week low of $148.25 and a fifty-two week high of $486.89. The stock has a market cap of $88.75 billion, a P/E ratio of 93.14, a PEG ratio of 1.15 and a beta of 3.54. The firm’s fifty day moving average price is $427.84 and its 200-day moving average price is $378.26.

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

Insider Activity at Carvana

In related news, COO Benjamin E. Huston sold 40,000 shares of Carvana stock in a transaction on Monday, December 8th. The shares were sold at an average price of $439.50, for a total value of $17,580,000.00. Following the transaction, the chief operating officer owned 100,758 shares in the company, valued at $44,283,141. This trade represents a 28.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Taira sold 30,952 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $435.96, for a total transaction of $13,493,833.92. Following the sale, the insider owned 69,880 shares of the company’s stock, valued at approximately $30,464,884.80. The trade was a 30.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 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.

Hedge Funds Weigh In On Carvana

Large investors have recently bought and sold shares of the stock. Hilltop National Bank bought a new position in shares of Carvana in the second quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carvana during the 4th quarter valued at $29,000. ORG Partners LLC boosted its position in Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after buying an additional 87 shares during the period. Salomon & Ludwin LLC grew its holdings in Carvana by 112.5% in the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of Carvana in the third quarter valued at about $38,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Carvana News Roundup

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.