Zacks Research Has Negative Estimate for Carvana Q2 Earnings

Carvana Co. (NYSE:CVNA) – Investment analysts at Zacks Research cut their Q2 2027 earnings per share estimates for shares of Carvana in a report issued on Thursday, July 16th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.54 per share for the quarter, down from their prior estimate of $0.57. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana’s Q3 2027 earnings at $0.61 EPS.

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

A number of other equities research analysts also recently commented on CVNA. Wells Fargo & Company raised their target price on Carvana from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BNP Paribas Exane raised their price objective on shares of Carvana from $77.60 to $85.80 in a research note on Thursday, April 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Carvana in a research report on Thursday, June 18th. Gordon Haskett increased their target price on shares of Carvana from $67.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Evercore boosted their price target on Carvana from $78.00 to $80.00 in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.92.

Carvana Stock Down 0.1%

Carvana stock opened at $70.54 on Friday. The stock’s 50 day moving average price is $68.06 and its 200 day moving average price is $72.43. Carvana has a 1-year low of $54.46 and a 1-year high of $97.38. The company has a market cap of $77.37 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 11.89 and a beta of 3.46. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57.

Institutional Trading of Carvana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVNA. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Carvana in the 4th quarter valued at about $29,000. Farmers & Merchants Investments Inc. acquired a new stake in Carvana during the fourth quarter worth approximately $29,000. Motiv8 Investments LLC acquired a new stake in Carvana during the fourth quarter worth approximately $33,000. Ascentis Independent Advisors purchased a new stake in Carvana in the 1st quarter worth approximately $26,000. Finally, Salomon & Ludwin LLC raised its holdings in Carvana by 112.5% in the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Activity at Carvana

In related news, insider Thomas Taira sold 5,597 shares of Carvana stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $67.15, for a total transaction of $375,838.55. Following the completion of the transaction, the insider directly owned 315,075 shares in the company, valued at $21,157,286.25. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $76.99, for a total value of $3,849,600.00. Following the sale, the chief operating officer owned 529,810 shares in the company, valued at approximately $40,791,131.52. This trade represents a 8.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 396,962 shares of company stock valued at $28,525,088 in the last quarter. 15.19% of the stock is owned by corporate insiders.

About Carvana

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.