What is Zacks Research’s Estimate for Carvana Q3 Earnings?

Carvana Co. (NYSE:CVNA) – Stock analysts at Zacks Research lowered their Q3 2027 earnings per share (EPS) estimates for shares of Carvana in a research note issued to investors on Monday, May 25th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.64 for the quarter, down from their previous estimate of $0.65. The consensus estimate for Carvana’s current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana’s FY2027 earnings at $2.03 EPS.

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. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The company had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.12 billion.

Several other brokerages have also recently issued reports on CVNA. Robert W. Baird set a $88.00 price target on Carvana in a research report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on Carvana from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citizens Jmp lifted their target price on Carvana from $92.00 to $103.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Needham & Company LLC lifted their target price on Carvana from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Evercore lifted their target price on Carvana from $78.00 to $80.00 in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and a consensus target price of $93.14.

Carvana Stock Up 3.9%

Shares of CVNA stock opened at $72.86 on Thursday. Carvana has a 1 year low of $54.46 and a 1 year high of $97.38. The stock has a market cap of $79.92 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 11.84 and a beta of 3.55. The business’s fifty day moving average is $69.24 and its 200-day moving average is $74.82. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09.

Insiders Place Their Bets

In other news, Director J Danforth Quayle sold 14,500 shares of Carvana stock in a transaction on Monday, March 9th. The stock was sold at an average price of $61.99, for a total transaction of $898,913.00. Following the transaction, the director owned 209,565 shares in the company, valued at approximately $12,991,772.61. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $61.97, for a total value of $3,098,600.00. Following the transaction, the chief operating officer owned 464,620 shares in the company, valued at $28,793,430.64. This represents a 9.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 281,205 shares of company stock worth $19,495,895. Corporate insiders own 15.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Carvana by 8.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock valued at $7,481,081,000 after buying an additional 1,407,762 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Carvana by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after buying an additional 3,328,115 shares in the last quarter. State Street Corp grew its holdings in shares of Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after buying an additional 2,764,759 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after buying an additional 1,711,144 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Carvana by 55.4% during the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after buying an additional 1,382,852 shares in 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.