New York, January 23, 2026, 14:39 ET — Regular session
- Carvana shares dipped roughly 0.7% in afternoon trading, having reached $486.50 earlier.
- Barclays bumped up its price target on the used-car e-commerce retailer this week
- A BlackRock filing revealed a 7.6% passive stake as of Dec. 31
Carvana Co shares edged down 0.7% to $474.89 on Friday, after hitting an intraday peak of $486.50. So far, the stock has fluctuated between $462.45 and $486.50 during the session.
The company’s fourth-quarter and full-year results are due after the market closes on Feb. 18, with a conference call to follow. Carvana confirmed the call is set for 5:30 p.m. ET. 1
Barclays analyst John Babcock bumped up the price target to $530 from $465, maintaining an Overweight rating that signals he expects the stock to outperform. In his note, Babcock mentioned “soft” pressures in the auto sales unit but highlighted that trade checks show the used-vehicle market has “good momentum.” 2
Separately, a Schedule 13G filing revealed BlackRock holds 10,760,106 shares of Carvana Class A stock, representing 7.6% of that class as of Dec. 31. Schedule 13G forms disclose passive stakes exceeding 5% in U.S.-listed firms. 3
Carvana’s stock has swung wildly, bouncing back strongly from its 2022 lows after the company emphasized trimming costs and cutting debt. Reuters reported in December that Carvana is poised to enter the S&P 500, a move likely to boost demand from passive funds. 4
Traders now face a key question: can Carvana keep its momentum going into earnings without new data? The stock has emerged as a momentum play lately, but that kind of action can quickly reverse when markets get volatile.
Investors are eyeing whether demand for used vehicles stays strong and if Carvana can maintain its margins as it expands. The cost of funding and credit performance will also be key, given that much of the online used-car market relies on financing.
Bulls face a risk as expectations have surged ahead of the fundamentals, leaving little margin for error. Even if headline revenue holds up, a weaker-than-anticipated sales environment, rising loan losses, or a missed margin target could slam the stock.
Carvana’s next big event hits on Feb. 18, with results coming after the close and a call scheduled for 5:30 p.m. ET. Expect any analyst revisions or significant shareholder filings before then to shake up positioning ahead of the earnings release.
