Carvana (CVNA) to Announce Quarterly Earnings on Wednesday

Carvana (NYSE:CVNA) is expected to be releasing its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect the company to post earnings of $0.42 per share and revenue of $6.8782 billion for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 5:30 PM ET.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $1.37. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. On average, analysts expect Carvana to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carvana Price Performance

Carvana stock opened at $65.65 on Wednesday. The business’s 50-day simple moving average is $67.45 and its 200 day simple moving average is $71.99. The stock has a market cap of $72.01 billion, a price-to-earnings ratio of 39.93, a P/E/G ratio of 10.45 and a beta of 3.46. Carvana has a 12-month low of $54.46 and a 12-month high of $97.38. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05.

Insiders Place Their Bets

In related news, Director Ira J. Platt sold 15,000 shares of Carvana stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $67.83, for a total transaction of $1,017,450.00. Following the transaction, the director owned 186,470 shares of the company’s stock, valued at $12,648,260.10. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen R. Palmer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $68.53, for a total transaction of $342,650.00. Following the transaction, the vice president owned 144,934 shares of the company’s stock, valued at approximately $9,932,327.02. This represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 396,962 shares of company stock worth $28,525,088 over the last ninety days. Company insiders own 15.19% of the company’s stock.

Hedge Funds Weigh In On Carvana

Several institutional investors and hedge funds have recently made changes to their positions in CVNA. Gilder Gagnon Howe & Co. LLC increased its holdings in Carvana by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after buying an additional 31 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of Carvana by 4.8% during the 4th quarter. Insigneo Advisory Services LLC now owns 696 shares of the company’s stock worth $294,000 after acquiring an additional 32 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Carvana by 5.7% during the 3rd quarter. Moors & Cabot Inc. now owns 813 shares of the company’s stock worth $307,000 after acquiring an additional 44 shares during the period. L2 Asset Management LLC boosted its position in shares of Carvana by 8.6% during the 4th quarter. L2 Asset Management LLC now owns 667 shares of the company’s stock worth $281,000 after acquiring an additional 53 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Carvana by 3.9% during the 4th quarter. Lido Advisors LLC now owns 1,527 shares of the company’s stock worth $644,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

CVNA has been the topic of a number of research reports. BNP Paribas Exane upped their target price on shares of Carvana from $77.60 to $85.80 in a research report on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and issued a $97.00 target price on shares of Carvana in a research note on Friday, June 5th. Robert W. Baird set a $88.00 price target on shares of Carvana in a research report on Friday, May 15th. Argus dropped their price target on shares of Carvana from $500.00 to $100.00 in a research note on Monday, May 11th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $85.00 price objective (down from $95.00) on shares of Carvana in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.53.

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.