Carvana climbs as traders look ahead to late-April earnings and May stock split vote, with used-car read-throughs in focus

Carvana Co. (CVNA) is up 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: CVNA’s gain appears tied to a mix of sector read-throughs from a major used-car retailer’s quarterly results and renewed positioning ahead of Carvana’s own near-term catalysts. Traders may be viewing weaker profitability and non-cash charges at a large brick-and-mortar peer as supportive for a “share-shift to online” narrative, while also bidding up CVNA into its upcoming earnings and stock-split timeline.

Details:

Carvana scheduled its first-quarter 2026 earnings release for after the market close on April 29, 2026, which can drive pre-earnings repositioning and short-term momentum.

Carvana’s board approved a 5-for-1 forward stock split, subject to a May 5, 2026 shareholder vote, with split-adjusted trading expected to begin May 7, 2026—often a sentiment and liquidity catalyst even though it does not change fundamentals.

A major used-car retailer’s April 14 results showed adjusted profitability ahead of expectations alongside weaker year-over-year metrics and notable one-time items, keeping investors focused on pricing, unit trends, and competitive positioning across the used-auto space.

This could also be amplified by options-driven flows given CVNA’s history of sharp, volatility-heavy moves around event dates.

Sources:

Carvana Investor Relations, CarMax Media Center, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CVNA Insider Trading Activity

$CVNA insiders have traded $CVNA stock on the open market 268 times in the past 6 months. Of those trades, 0 have been purchases and 268 have been sales.

Here’s a breakdown of recent trading of $CVNA stock by insiders over the last 6 months:

DANIEL J. GILL (Chief Product Officer) has made 0 purchases and 4 sales selling 120,000 shares for an estimated $54,169,696.
BENJAMIN E. HUSTON (Chief Operating Officer) has made 0 purchases and 113 sales selling 120,000 shares for an estimated $48,554,221.
THOMAS TAIRA (President, Special Projects) has made 0 purchases and 11 sales selling 83,848 shares for an estimated $34,840,745.
MARK W. JENKINS (Chief Financial Officer) has made 0 purchases and 116 sales selling 76,500 shares for an estimated $27,363,178.
RYAN S. KEETON (Chief Brand Officer) has made 0 purchases and 9 sales selling 72,370 shares for an estimated $24,266,204.
PAUL W. BREAUX (See Remarks) has made 0 purchases and 4 sales selling 30,000 shares for an estimated $13,520,000.
MICHAEL E MAROONE has made 0 purchases and 2 sales selling 30,928 shares for an estimated $12,381,668.
STEPHEN R PALMER (Vice President of Accounting) has made 0 purchases and 6 sales selling 6,000 shares for an estimated $2,132,170.
GREGORY B SULLIVAN has made 0 purchases and 2 sales selling 5,000 shares for an estimated $1,655,500.
J DANFORTH QUAYLE sold 2,900 shares for an estimated $898,913

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

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$CVNA Hedge Fund Activity

We have seen 474 institutional investors add shares of $CVNA stock to their portfolio, and 358 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VANGUARD GROUP INC added 3,328,115 shares (+24.7%) to their portfolio in Q4 2025, for an estimated $1,404,531,092
STATE STREET CORP added 2,764,759 shares (+93.7%) to their portfolio in Q4 2025, for an estimated $1,166,783,593
BLACKROCK, INC. added 1,900,552 shares (+19.4%) to their portfolio in Q4 2025, for an estimated $802,070,955
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,712,042 shares (-69.6%) from their portfolio in Q4 2025, for an estimated $722,515,964
CAPITAL RESEARCH GLOBAL INVESTORS added 1,711,144 shares (+42.9%) to their portfolio in Q4 2025, for an estimated $722,136,990
PRICE T ROWE ASSOCIATES INC /MD/ added 1,407,762 shares (+8.6%) to their portfolio in Q4 2025, for an estimated $594,103,719
GEODE CAPITAL MANAGEMENT, LLC added 1,382,852 shares (+55.4%) to their portfolio in Q4 2025, for an estimated $583,591,201

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$CVNA Congressional Stock Trading

Members of Congress have traded $CVNA stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CVNA stock by members of Congress over the last 6 months:

REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 02/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$CVNA Analyst Ratings

Wall Street analysts have issued reports on $CVNA in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 02/19/2026
JP Morgan issued a "Overweight" rating on 01/28/2026
Wedbush issued a "Outperform" rating on 12/19/2025
Jefferies issued a "Buy" rating on 12/11/2025
UBS issued a "Buy" rating on 12/01/2025
Needham issued a "Buy" rating on 11/17/2025
Barclays issued a "Overweight" rating on 11/12/2025

To track analyst ratings and price targets for $CVNA, check out Quiver Quantitative's $CVNA forecast page.

$CVNA Price Targets

Multiple analysts have issued price targets for $CVNA recently. We have seen 17 analysts offer price targets for $CVNA in the last 6 months, with a median target of $465.0.

Here are some recent targets:

Rajat Gupta from JP Morgan set a target price of $455.0 on 04/09/2026
John Babcock from Barclays set a target price of $430.0 on 04/07/2026
Michael McGovern from B of A Securities set a target price of $360.0 on 04/06/2026
Chris Pierce from Needham set a target price of $500.0 on 03/16/2026
Ronald Josey from Citigroup set a target price of $465.0 on 02/20/2026
Lee Horowitz from Deutsche Bank set a target price of $519.0 on 02/19/2026
Michael Baker from DA Davidson set a target price of $320.0 on 02/19/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.