Zacks Research Issues Positive Estimate for Carvana Earnings

Carvana Co. (NYSE:CVNA) – Stock analysts at Zacks Research upped their Q1 2027 EPS estimates for Carvana in a report released on Monday, May 25th. Zacks Research analyst Team now anticipates that the company will earn $0.48 per share for the quarter, up from their previous estimate of $0.46. The consensus estimate for Carvana’s current full-year earnings is $1.57 per share. Zacks Research also issued estimates for Carvana’s Q4 2027 earnings at $0.36 EPS, Q1 2028 earnings at $0.65 EPS and FY2028 earnings at $2.64 EPS.

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

Several other brokerages have also weighed in on CVNA. Robert W. Baird set a $88.00 price objective on shares of Carvana in a report on Friday, May 15th. Wedbush lowered their target price 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. UBS Group restated a “buy” rating and issued a $104.00 target price (up from $97.00) on shares of Carvana in a report on Thursday, April 30th. Royal Bank Of Canada upped their target price on shares of Carvana from $88.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Barclays set a $93.00 target price on shares of Carvana and gave the stock an “overweight” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.14.

Carvana Price Performance

Shares of NYSE CVNA opened at $70.27 on Wednesday. The firm’s 50-day moving average price is $68.99 and its 200-day moving average price is $74.74. Carvana has a 1-year low of $54.46 and a 1-year high of $97.38. The firm has a market capitalization of $77.07 billion, a P/E ratio of 42.74, a P/E/G ratio of 11.60 and a beta of 3.55. The company has a current ratio of 4.09, a quick ratio of 2.57 and a debt-to-equity ratio of 1.05.

Insider Transactions at Carvana

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction dated 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 completion of 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 14,500 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $61.99, for a total transaction of $898,913.00. Following the completion of the sale, the director owned 209,565 shares of the company’s stock, valued at approximately $12,991,772.61. This trade represents a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 281,205 shares of company stock worth $19,495,895. Company insiders own 15.19% of the company’s stock.

Institutional Investors Weigh In On Carvana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its stake in Carvana by 146.5% in the 1st quarter. Glenmede Trust Co. NA now owns 1,743 shares of the company’s stock valued at $548,000 after buying an additional 1,036 shares during the last quarter. Groupama Asset Managment bought a new position in shares of Carvana during the 1st quarter valued at approximately $249,000. Anson Funds Management LP grew its position in shares of Carvana by 1,500.0% during the 1st quarter. Anson Funds Management LP now owns 16,000 shares of the company’s stock valued at $5,030,000 after acquiring an additional 15,000 shares during the period. Arkadios Wealth Advisors grew its position in shares of Carvana by 14.9% during the 1st quarter. Arkadios Wealth Advisors now owns 2,054 shares of the company’s stock valued at $646,000 after acquiring an additional 267 shares during the period. Finally, Amundi grew its position in shares of Carvana by 1.5% during the 1st quarter. Amundi now owns 504,696 shares of the company’s stock valued at $158,666,000 after acquiring an additional 7,556 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

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.