Carvana CoNYSE: CVNA
Consumer Discretionary · Automotive Retail
$380.50
-3.87%
Vol: 9.2M
Research Digest
Friday, May 1, 2026
Carvana Q1 2026 record results with 40% retail unit growth; stock jumps 10%, Barclays raises PT to $475.
Carvana Q1 2026 record retail sales 187,393 units (+40% YoY), EPS $1.69 vs $1.43 est, revenue $6.43B vs $6.08B est. Adjusted EBITDA $672M, net income $405M. Stock jumped 10% extended trading, up 63% over past 12 months. Barclays raised PT to $475 from $430 with Overweight. Stock at $396.59 implying significant upside.
Previous Market Intelligence
13 daysApr 30Carvana reports record Q1 2026 with 187k units sold (up 40% YoY), $6.43B revenue (up 52%), net income $405M, EPS beat $1.69 vs $1.43.Positive▶
Carvana delivered exceptional Q1 2026 results beating analyst expectations. The company sold 187,393 retail units, up 40% YoY, generating $6.432B in revenue, up 52%. Net income reached $405M, up from $373M last year, with EPS of $1.69 versus $1.43 expected. Management expects Q2 to set new records in both retail units and Adjusted EBITDA. Multiple analysts raised price targets: JPMorgan to $465, UBS to $520, Morgan Stanley to $510, Needham to $600. Stock jumped 9-10% post-earnings, up 34.56% over the month and 68.27% YTD.
Apr 29Carvana beats earnings expectations with record Q1 2026 results and 40% retail unit growthPositive▶
Carvana reported record Q1 2026 revenue of $6.4 billion, up 52% year-over-year, with 187,393 retail units sold (+40%). Net income reached $405 million and Adjusted EBITDA hit $672 million, both quarterly records. Adjusted EPS of $1.69 beat estimates of $1.56 by $0.13. Management expects Q2 2026 records for retail units and EBITDA. Stock surged 10% in extended trading and is up 27% for April.
Apr 16Carvana jumps 5.9% on 5-for-1 stock split announcement; earnings scheduled April 29Positive▶
Carvana shares up 5.9% following board approval of 5-for-1 stock split effective May 7, 2026 (subject to May 5 shareholder vote). Q1 earnings released April 29. BofA downgraded to Neutral in early April citing rising oil prices and interest rate headwinds. Despite YTD decline of 20%, stock gained 107% in 2025. Insurance partnership milestone: 200,000+ embedded Carvana Insurance policies sold with Root.
Apr 15Carvana approved 5-for-1 stock split; Q1 2026 earnings due April 29 with BofA downgrade to Neutral.Mixed▶
Carvana announced board approval of a 5-for-1 forward stock split on March 13, 2026 (subject to May 5 shareholder vote). The company achieved record FY2025 results: 596,641 retail units (+43% YoY), $20.32B revenue (+49% YoY), and $2.24B Adjusted EBITDA. Bank of America downgraded from Buy to Neutral on April 1 citing higher oil prices and profit-per-vehicle pressure. However, 8 analysts maintain Buy ratings with median price target of $465.
Apr 14Carvana rallies 7.1% after 5-for-1 stock split approval and same-day LA delivery launch; BofA downgrades to Neutral.Mixed▶
Carvana announced 5-for-1 stock split effective May 7, 2026 and expanded same-day delivery in Los Angeles, sparking 7.1% rally. Bank of America downgraded from Buy to Neutral on April 13 citing higher oil prices and PPV margin pressure. JPMorgan maintained Overweight but lowered target to $455. CEO sold $1.28M in stock on April 8. Q1 earnings expected April 29.
Apr 13Carvana announces 5-for-1 stock split effective May 7; Bank of America downgrades to Neutral citing margin pressure despite record Q4 profit.Mixed▶
Carvana announced a 5-for-1 stock split effective May 7. Bank of America downgraded from Buy to Neutral due to higher oil prices and margin pressure. Q4 results showed record profit ($4.22 EPS vs. $1.10 consensus) and strong revenue ($5.60B). President Thomas Taira sold $1.28M in stock. Q1 earnings due April 29. Consensus Buy with $436.13 target.
Apr 10Carvana announced planned 5-for-1 stock split pending shareholder approval May 5; BofA downgraded to Neutral with $360 PT.Mixed▶
Carvana announced 5-for-1 stock split effective May 7, 2026 pending shareholder approval. Q1 2026 earnings due April 29 after market close. BofA downgraded stock to Neutral from Buy on April 6, cutting price target from $400 to $360 citing crude price spike above $107/barrel. Stock trading at $326.93, down 3.5% on April 9, having dropped 24.4% from January highs.
Apr 9Bank of America downgrades CVNA to Neutral, cuts price target to $360 from $400 on macro headwindsNegative▶
Bank of America downgraded Carvana to Neutral on April 6, 2026, cutting its price target to $360 from $400 amid concerns about rising short-term rates impacting financing spreads, aggressive margin competition, and younger consumers' greater exposure to higher fuel costs. The downgrade came after crude oil shocks and geopolitical tensions in the Middle East raised concerns about delivery costs. Despite the downgrade, 23 analyst experts maintain a "Moderate Buy" consensus with an average price target of $438.29, suggesting 29% potential upside. CVNA is down 21% year-to-date but up 90% over the past 52 weeks. The company is scheduled to report Q1 2026 earnings on April 29, 2026.
Apr 8Bank of America Downgrades Carvana to Neutral Amid Macro HeadwindsNegative▶
BofA downgraded CVNA to Neutral from Buy with price target cut to $360 from $400 on April 6. Rising Treasury yields, higher gas prices, and competition pressuring near-term gains. Company on track to become largest independent U.S. dealer. Stock down 2.2% but long-term outlook remains positive on market share gains.
Apr 7Carvana downgraded by Bank of America on macro headwinds but maintains strong unit growth with 5-for-1 stock split approvalNegative▶
Bank of America downgraded CVNA to Neutral from Buy with price target cut to $360 from $400 citing rising interest rates, fuel costs, and softer unit growth. Weaker tax refund season support identified as key headwind. Despite downgrade, Carvana reported record Q4 profit with retail auto sales near 600,000 vehicles and 58% YoY revenue growth. Board approved first-ever 5-for-1 stock split. Q4 adjusted EBITDA of $511M missed $536M expectations. Earnings scheduled April 30 expected to show $1.53 adjusted EPS on $6.01B revenue. Analyst consensus remains Strong Buy overall despite recent declines.
Apr 6Carvana announces 5-for-1 stock split and Q1 earnings set for April 29Positive▶
Carvana announced 5-for-1 stock split contingent on shareholder approval at May 5 annual meeting. Company filed proxy opposing CEO-chairman separation proposal. Q1 2026 earnings scheduled April 29 after market close. Record 2025 results: retail units sold 596,641 (+43% YoY), revenue $20.3B (+49% YoY), net income $1.9B. Expanded same-day delivery to greater Los Angeles. Stock down 24.4% month-over-month but 24 analysts maintain Buy consensus with $436.13 target (+44.4% upside). CFO Mark Jenkins disposed $2.5M shares (April 3). Strong fundamental recovery from 2024 lows despite macro headwinds and post-earnings volatility.
Apr 3Carvana reports record FY2025 revenue of $20.3B (+49% YoY), 596K units sold; approves 5-for-1 stock split.Mixed▶
Carvana announced record full-year 2025 results with $20.3B revenue (+49% YoY), 596,641 retail units sold (+43% YoY), and $1.9B net income. Board approved a 5-for-1 stock split. However, Q4 adjusted EBITDA of $511M fell below $536M analyst expectation. Stock has dropped 24.4% from $478.45 to $361.53 currently.
Apr 2Carvana Board approves 5-for-1 stock split; expands same-day delivery to Los Angeles; Q1 2026 earnings due April 29.Mixed▶
Carvana Co.'s Board of Directors approved a 5-for-1 stock split, the first-ever stock split for the used-car retailer, aimed at helping long-term employees build ownership. The company expanded same-day delivery to Los Angeles in March 2026. In 2025, Carvana's revenue was $20.32 billion, an increase of 48.63% compared to the previous year, with earnings of $1.41 billion, an increase of 570%. However, recent reports highlight strong retail unit growth and pricing momentum, though concerns over profitability and market conditions persist. According to 24 analysts, the average rating for CVNA stock is Buy, with a 12-month stock price target of $436.13. Carvana is set to report first-quarter 2026 financial results on April 29.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CVNACARVANA | $380.50 | -3.87% | +24.9% | 37.0x | 3.61 | $87.4B |
| ORLYO | $96.55 | -2.87% | +7.9% | 27.8x | 0.60 | $83.3B |
| AZOAUTOZONE | $3,593.96 | -2.97% | +7.7% | 21.2x | 0.41 | $61.4B |
| AMZNAMAZON.COM | $268.12 | +1.15% | +24.6% | 27.1x | 1.38 | $2.85T |
| TSLATESLA | $390.70 | +2.38% | +8.2% | 150.5x | 1.92 | $1.43T |
| HDHOME | $324.45 | -1.32% | +0.7% | 20.2x | 1.08 | $327.5B |
Key Fundamentals
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Price above both MAs — bullish structure.