Shares of Carvana Co. (NYSE:CVNA) jumped nearly 8% on Tuesday after Jefferies reiterated its bullish stance, pointing to stronger-than-expected retail unit growth and improving pricing trends early in the first quarter. Jefferies maintained a “Buy” rating on the company with a $485 price target, implying roughly 67% upside from current levels.
Carvana (NYSE: CVNA) printed a new monthly low on Monday as the market questioned the timing and motivation behind the firm's recently announced 5-for-1 forward stock split. For some, the price action may be puzzling given forward splits are often seen as positive catalysts, because they signal insider confidence in the company's share price trajectory.
Carvana (NYSE:CVNA) shares are down 8% in Monday morning trading, falling from an opening price of $302.04 to around $278.
Carvana (CVNA) closed the most recent trading day at $308.56, moving +2.52% from the previous trading session.
Carvana shares have fallen ~30% YTD amid macro headwinds and post-earnings volatility. Q4 earnings revealed strong retail unit and revenue growth, but gross profit per unit (GPU) declined, challenging the bull thesis. Investors are concerned about CVNA's path to profitability and reliance on custom metrics like GPU.
Carvana (CVNA) reported earnings 30 days ago. What's next for the stock?
Carvana's 5-for-1 stock split caps a dramatic turnaround, but rich valuation, rising costs and weaker 2026 EPS estimates temper the buy case now.
CVNA shares climbed after the board approved a 5-for-1 stock split aimed at boosting trading accessibility and liquidity following strong share-price gains.
Carvana has moved from the brink of bankruptcy to record financials. The used car retailer expects 2026 to drive significant increases in retail units and adjusted EBITDA.
Carvana (CVNA) closed the most recent trading day at $300.15, moving +2.57% from the previous trading session.
Carvana Co. (NYSE:CVNA), the online car sales platform, on Friday announced that its board of directors has approved a 5-for-1 forward stock split. The split, the first in Carvana's history, is intended to make the stock more accessible to team members and shareholders.
Carvana shares rose Friday after the company announced a 5-for-1 stock split, with investors appearing to welcome the move.