Zacks Research Has Positive Estimate for Carvana Q2 Earnings

Carvana Co. (NYSE:CVNA) – Stock analysts at Zacks Research raised their Q2 2027 earnings estimates for shares of Carvana in a research note issued to investors on Thursday, May 28th. Zacks Research analyst Team now expects that the company will earn $0.58 per share for the quarter, up from their prior forecast of $0.56. The consensus estimate for Carvana’s current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana’s Q1 2028 earnings at $0.74 EPS.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $1.37. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%.

A number of other brokerages have also commented on CVNA. Citigroup reissued an “outperform” rating on shares of Carvana in a report on Friday, May 1st. Citizens Jmp increased their price target on shares of Carvana from $92.00 to $103.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Wedbush decreased their price target on shares of Carvana from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. DA Davidson increased their target price on shares of Carvana from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Bank of America increased their target price on shares of Carvana from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.14.

Carvana Price Performance

Shares of NYSE:CVNA opened at $73.57 on Friday. The company’s fifty day moving average price is $69.49 and its 200-day moving average price is $74.93. The firm has a market capitalization of $80.70 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 12.32 and a beta of 3.55. Carvana has a one year low of $54.46 and a one year high of $97.38. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57.

Insider Activity at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $61.97, for a total transaction of $3,098,600.00. Following the transaction, the chief operating officer owned 464,620 shares of the company’s stock, valued at approximately $28,793,430.64. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Danforth Quayle sold 14,500 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $61.99, for a total transaction of $898,913.00. Following the sale, the director directly owned 209,565 shares of the company’s stock, valued at $12,991,772.61. The trade was a 6.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 281,205 shares of company stock worth $19,495,895 in the last 90 days. Corporate insiders own 15.19% of the company’s stock.

Institutional Investors Weigh In On Carvana

Institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in shares of Carvana by 124.9% during the third quarter. Federated Hermes Inc. now owns 265,921 shares of the company’s stock valued at $100,316,000 after purchasing an additional 147,683 shares during the last quarter. Gavilan Investment Partners LLC purchased a new position in shares of Carvana during the third quarter valued at approximately $26,030,000. Intech Investment Management LLC raised its holdings in shares of Carvana by 301.4% during the third quarter. Intech Investment Management LLC now owns 7,230 shares of the company’s stock valued at $2,727,000 after purchasing an additional 5,429 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Carvana by 5.2% during the third quarter. TD Asset Management Inc now owns 133,811 shares of the company’s stock valued at $50,479,000 after purchasing an additional 6,643 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its holdings in shares of Carvana by 581.4% during the third quarter. Picton Mahoney Asset Management now owns 16,491 shares of the company’s stock valued at $6,220,000 after purchasing an additional 14,071 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Company Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.