Benzinga · Oct 9, 2026
BTIG Reiterates Buy on Carvana, Maintains $87 Price Target
BTIG analyst Marvin Fong reiterates Carvana (NYSE:CVNA) with a Buy and maintains $87 price target.
CV
NYSE · CVNA
Carvana Co.
Consumer Cyclical · Specialty Retail
$63.73
Up+$0.53 (+0.84%)
Updated Oct 11, 2026, 5:47 PM
SID Score
4.5/10
Composite research score
Smart Money
62/100
Neutral
- Market cap
- 102.47B
- P/E ratio
- 104.61
- Dividend yield
- 0.00%
- 52-week range
- $56.12 – $486.89
- Volume
- 6.8M
- Avg. volume
- 3.34M
Price performance · CVNA
CVNA price history
1M range · 20 trading sessions · Daily adjusted prices
Prices through Oct 9, 2026
CVNA closed at $63.73 after 20 trading sessions, down 10.07% for the selected period.
- Last close
- $63.73
- Period change
- -10.07%
- Period low
- $60.47
- Period high
- $70.87
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 9, 2026 | $63.96 | $64.46 | $62.841 | $63.73 | 6.8M |
| Oct 8, 2026 | $61.69 | $63.65 | $61.42 | $63.20 | 7.69M |
| Oct 7, 2026 | $63.27 | $63.64 | $62.01 | $62.76 | 6.56M |
| Oct 6, 2026 | $64.475 | $65.28 | $62.68 | $63.88 | 4.66M |
| Oct 5, 2026 | $63.705 | $65.12 | $63.0675 | $63.72 | 6.99M |
| Oct 2, 2026 | $64.33 | $66.02 | $63.21 | $63.77 | 8.87M |
| Oct 1, 2026 | $62.06 | $63.29 | $58.92 | $63.04 | 11.32M |
| Sep 30, 2026 | $64.065 | $64.515 | $62.25 | $62.54 | 7.25M |
| Sep 29, 2026 | $62.53 | $64.69 | $61.95 | $63.62 | 10.17M |
| Sep 28, 2026 | $63.68 | $64.22 | $59.65 | $60.47 | 15.48M |
| Sep 25, 2026 | $64.09 | $65.48 | $63.40 | $65.06 | 4.22M |
| Sep 24, 2026 | $63.65 | $64.53 | $62.445 | $64.18 | 6.97M |
| Sep 23, 2026 | $64.91 | $65.04 | $62.15 | $63.95 | 8.57M |
| Sep 22, 2026 | $68.42 | $69.20 | $65.27 | $65.40 | 5.99M |
| Sep 21, 2026 | $65.89 | $68.01 | $65.44 | $67.18 | 5.44M |
| Sep 18, 2026 | $65.94 | $66.5658 | $64.75 | $65.11 | 14.45M |
| Sep 17, 2026 | $67.47 | $67.715 | $65.42 | $65.84 | 6.45M |
| Sep 16, 2026 | $67.65 | $67.7537 | $64.84 | $65.40 | 8.56M |
| Sep 15, 2026 | $70.56 | $71.17 | $66.58 | $66.90 | 7.98M |
| Sep 14, 2026 | $69.30 | $71.18 | $68.84 | $70.87 | 5.96M |
Latest CVNA news
The latest Smart Investors Daily articles mentioning CVNA.
Stock researchCompany · Overview
Company
Market Activity
Research & News
CVNA research
Overview
Company profile and research snapshot.
Company profile
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- Buy
- Average target
- $445.36
- Implied upside
- —
- Analysts
- 20
| Date | Firm | Rating | Target |
|---|---|---|---|
| Oct 9, 2026 | BTIG | Buy | — |
| Oct 6, 2026 | Stephens & Co. | Overweight | — |
| Oct 6, 2026 | Barclays | Overweight | — |
| Sep 30, 2026 | Oppenheimer | Outperform | — |
| Aug 4, 2026 | BTIG | Buy | — |
News briefing
Generated Oct 11, 2026, 5:03 PM
Why Is CVNA Up Today?
Carvana shares gained 0.84% today, reaching $0.53 higher, as analyst support continues to underpin the online used car retailer's valuation. BTIG's reiteration of a Buy rating and $87 price target suggests confidence in the company's recovery trajectory, though modest daily gains reflect cautious investor sentiment.
Bottom line: Carvana's modest daily gain reflects cautious optimism around BTIG's continued analyst support, though broader market skepticism about the company's turnaround remains evident. Investors should focus on monitoring quarterly cash flow trends, inventory turnover, and margin expansion before viewing this as a significant buying opportunity despite the $87 price target.
Yahoo · Oct 7, 2026
Carvana (CVNA) Suffers a Larger Drop Than the General Market: Key Insights
Carvana (CVNA) closed the most recent trading day at $62.76, moving 1.75% from the previous trading session.
CNBC · Oct 7, 2026
Used vehicle prices tick lower
CNBC Phil LeBeau joins 'Fast Money' to talk pricing changes in the used car market.
Yahoo · Oct 6, 2026
Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Orlando
ORLANDO, Fla., October 06, 2026--Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling cars, today announced plans to bring Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Orlando wholesale auction site in Sanford, Fla. The integration adds reconditioning capacity and a new inventory pool to Carvana's network that builds selection for retail customers nationwide, brings more vehicles eligible for same-day delivery to Central Florida car buyers
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