Stephen Palmer Sells 1,000 Shares of Carvana (NYSE:CVNA) Stock

Carvana Co. (NYSE:CVNA) VP Stephen Palmer sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $317.50, for a total transaction of $317,500.00. Following the sale, the vice president directly owned 33,891 shares in the company, valued at approximately $10,760,392.50. The trade was a 2.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Carvana Stock Up 0.0%

CVNA opened at $313.99 on Friday. The stock has a market capitalization of $68.72 billion, a price-to-earnings ratio of 39.05 and a beta of 3.61. The firm has a 50 day moving average price of $342.93 and a 200-day moving average price of $371.96. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $486.89. The company has a quick ratio of 2.73, a current ratio of 4.31 and a debt-to-equity ratio of 1.15.

Shares of Carvana are going to split before the market opens on Thursday, May 7th. The 5-1 split was announced on Friday, March 13th. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, May 6th.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 18th. The company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $3.12. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter last year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 58.0% on a year-over-year basis. Equities research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Analysts and reporters are refocusing on Carvana after signs that growth is outpacing expectations, improving investor sentiment and activist pressure around governance (split CEO/chair roles) — this narrative supports a higher valuation if momentum persists. Carvana (CVNA) Valuation In Focus As Growth Outpaces Expectations And Investor Sentiment Improves
• Neutral Sentiment: Management scheduled the Q1 2026 earnings release and conference call for April 29 — a key near-term catalyst that could move the stock depending on unit trends, margins and guidance. Carvana to Report First Quarter 2026 Results and Host Quarterly Conference Call on April 29
• Neutral Sentiment: Broader analyst articles (Zacks) mention retail/wholesale stocks that could beat earnings; these pieces can raise attention but don’t contain Carvana-specific forecasts. These 2 Retail and Wholesale Stocks Could Beat Earnings
• Neutral Sentiment: Other media mentions (The Motley Fool, AmericanBankingNews) reference market positioning and peer comparisons; useful for context but less likely to move CVNA by itself. 3 Monster Stocks to Hold for the Next 10 Years Contrasting Hour Loop & Carvana
• Negative Sentiment: Senior insiders disclosed sizable share sales on April 1: COO Benjamin Huston sold 10,000 shares, CFO Mark Jenkins sold 12,750 shares, and VP Stephen Palmer sold 1,000 shares — these reductions (around 2.9%–9.7% of individual holdings) may weigh on sentiment despite no indication of company distress. SEC filings: Huston Form 4 Jenkins Form 4 Palmer Form 4

Hedge Funds Weigh In On Carvana

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Carvana by 40.8% in the first quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock worth $6,243,000 after buying an additional 8,654 shares during the period. Geneos Wealth Management Inc. increased its holdings in Carvana by 251.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after acquiring an additional 181 shares in the last quarter. Choreo LLC increased its holdings in Carvana by 17.8% in the 2nd quarter. Choreo LLC now owns 1,218 shares of the company’s stock worth $410,000 after acquiring an additional 184 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Carvana by 18.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,447 shares of the company’s stock worth $488,000 after acquiring an additional 224 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Carvana by 41.5% during the 2nd quarter. Mackenzie Financial Corp now owns 10,045 shares of the company’s stock worth $3,385,000 after acquiring an additional 2,946 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays cut their price objective on Carvana from $530.00 to $450.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Citigroup dropped their target price on Carvana from $550.00 to $465.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. DA Davidson cut their price target on Carvana from $470.00 to $320.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company reduced their price target on shares of Carvana from $525.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Finally, UBS Group set a $485.00 price objective on shares of Carvana in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $440.59.

About Carvana

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.