Zacks Research Issues Positive Forecast for Carvana Earnings

Carvana Co. (NYSE:CVNA) – Investment analysts at Zacks Research increased their Q1 2025 EPS estimates for shares of Carvana in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.63 for the quarter, up from their previous forecast of $0.59. The consensus estimate for Carvana’s current full-year earnings is $0.62 per share. Zacks Research also issued estimates for Carvana’s Q2 2025 earnings at $0.72 EPS, Q1 2026 earnings at $1.07 EPS and Q2 2026 earnings at $1.07 EPS.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.41. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 31.8% compared to the same quarter last year.

CVNA has been the subject of several other research reports. JPMorgan Chase & Co. boosted their target price on shares of Carvana from $230.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada raised shares of Carvana to a “sector perform” rating and boosted their price objective for the company from $166.00 to $170.00 in a research report on Monday, August 19th. TD Cowen lifted their target price on Carvana from $110.00 to $148.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Piper Sandler increased their price target on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Evercore ISI increased their target price on Carvana from $186.00 to $190.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Carvana presently has a consensus rating of “Hold” and a consensus price target of $217.71.

Carvana Price Performance

Shares of CVNA opened at $249.38 on Monday. Carvana has a 52 week low of $29.84 and a 52 week high of $259.39. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The firm has a market cap of $51.78 billion, a price-to-earnings ratio of 24,962.96 and a beta of 3.37. The stock has a 50 day moving average of $197.26 and a 200-day moving average of $151.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. Vanguard Group Inc. raised its position in Carvana by 2.7% during the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock valued at $904,642,000 after buying an additional 266,972 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Carvana by 39.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after acquiring an additional 2,112,463 shares in the last quarter. Lingotto Investment Management LLP boosted its position in Carvana by 1.4% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock worth $486,143,000 after acquiring an additional 52,833 shares during the period. Finally, State Street Corp increased its holdings in shares of Carvana by 6.1% in the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company’s stock valued at $326,893,000 after purchasing an additional 107,610 shares during the period. Institutional investors own 56.71% of the company’s stock.

Insider Activity at Carvana

In other news, Director Gregory B. Sullivan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $235.00, for a total transaction of $1,175,000.00. Following the completion of the transaction, the director now owns 53,407 shares in the company, valued at approximately $12,550,645. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Ernest C. Garcia II sold 9,186 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $156.95, for a total transaction of $1,441,742.70. Following the completion of the sale, the insider now owns 41,433,131 shares in the company, valued at $6,502,929,910.45. The trade was a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,427,249 shares of company stock worth $437,470,322 over the last quarter. 17.18% of the stock is currently owned by company insiders.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.