William Blair Reiterates Outperform Rating for Carvana (NYSE:CVNA)

William Blair restated their outperform rating on shares of Carvana (NYSE:CVNA - Free Report) in a research note released on Wednesday morning,RTT News reports. William Blair also issued estimates for Carvana's Q2 2025 earnings at $1.25 EPS, Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $5.40 EPS and FY2026 earnings at $7.27 EPS.

A number of other equities analysts also recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $340.00 target price on shares of Carvana in a research note on Thursday, May 8th. Stephens boosted their target price on shares of Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Citigroup boosted their target price on shares of Carvana from $325.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Carvana from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Gordon Haskett initiated coverage on shares of Carvana in a research note on Monday, July 14th. They set a "hold" rating and a $329.00 target price for the company. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $318.16.

Carvana Trading Up 1.7%

NYSE:CVNA traded up $5.58 during trading hours on Wednesday, hitting $331.67. 2,065,059 shares of the company were exchanged, compared to its average volume of 2,795,500. The stock has a market capitalization of $71.02 billion, a price-to-earnings ratio of 116.38, a price-to-earnings-growth ratio of 1.26 and a beta of 3.59. The company has a current ratio of 3.81, a quick ratio of 2.70 and a debt-to-equity ratio of 2.97. Carvana has a one year low of $118.50 and a one year high of $364.00. The company has a fifty day simple moving average of $328.40 and a 200 day simple moving average of $261.99.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.76. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The business's quarterly revenue was up 38.3% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. Sell-side analysts expect that Carvana will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling at Carvana

In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $346.99, for a total value of $34,699,000.00. Following the transaction, the insider directly owned 37,092,317 shares in the company, valued at approximately $12,870,663,075.83. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Gill sold 70,166 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the completion of the sale, the insider directly owned 201,087 shares in the company, valued at approximately $56,591,914.41. This trade represents a 25.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,515 shares of company stock worth $719,730,548 in the last ninety days. 17.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hilltop National Bank bought a new position in Carvana during the second quarter valued at approximately $25,000. Brooklyn Investment Group raised its position in shares of Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after purchasing an additional 125 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Carvana in the first quarter valued at approximately $33,000. SJS Investment Consulting Inc. raised its position in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 96 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Carvana in the second quarter valued at approximately $42,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

About Carvana

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.