Equities Analysts Issue Forecasts for Carvana Q3 Earnings

Key Points

• William Blair analysts have raised Carvana's Q3 2025 EPS estimate from $1.30 to $1.44, maintaining an "Outperform" rating for the stock, which has a current consensus full-year estimate of $2.85 EPS.
• Royal Bank of Canada increased its price target for Carvana from $400.00 to $460.00, while other firms also raised their ratings, contributing to an average target price of $384.06 among analysts.
• Carvana reported strong Q2 earnings, with $1.28 EPS surpassing estimates, and a revenue of $4.84 billion, showing a year-over-year growth of 41.9%.

Carvana Co. (NYSE:CVNA - Free Report) - Stock analysts at William Blair raised their Q3 2025 EPS estimates for shares of Carvana in a report issued on Thursday, September 18th. William Blair analyst S. Zackfia now forecasts that the company will earn $1.44 per share for the quarter, up from their previous estimate of $1.30. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Carvana's current full-year earnings is $2.85 per share. William Blair also issued estimates for Carvana's Q4 2025 earnings at $1.21 EPS and FY2026 earnings at $7.51 EPS.

Several other research firms have also recently weighed in on CVNA. Royal Bank Of Canada lifted their target price on Carvana from $400.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Stephens boosted their price objective on shares of Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Gordon Haskett assumed coverage on shares of Carvana in a research report on Monday, July 14th. They issued a "hold" rating and a $329.00 target price for the company. Wall Street Zen raised shares of Carvana from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, DA Davidson upped their price target on shares of Carvana from $260.00 to $380.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Carvana currently has an average rating of "Moderate Buy" and an average target price of $384.06.

Carvana Stock Up 3.9%

NYSE:CVNA opened at $392.88 on Monday. The business's fifty day moving average price is $356.76 and its 200 day moving average price is $296.49. The firm has a market capitalization of $84.55 billion, a price-to-earnings ratio of 98.47, a PEG ratio of 1.28 and a beta of 3.51. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51. Carvana has a 1-year low of $148.25 and a 1-year high of $413.33.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.54 billion. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The company's revenue was up 41.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in shares of Carvana in the second quarter valued at about $25,000. SJS Investment Consulting Inc. lifted its position in shares of Carvana by 960.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 96 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Carvana during the 2nd quarter valued at approximately $38,000. LRI Investments LLC acquired a new stake in Carvana in the 2nd quarter valued at approximately $42,000. Finally, Brooklyn Investment Group increased its position in Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 56.71% of the company's stock.

Insider Activity at Carvana

In other Carvana news, Director Ira J. Platt sold 14,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $379.14, for a total transaction of $5,307,960.00. Following the transaction, the director directly owned 7,231 shares of the company's stock, valued at $2,741,561.34. This represents a 65.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernest C. Garcia III sold 700 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $394.36, for a total value of $276,052.00. Following the transaction, the chief executive officer owned 421,440 shares in the company, valued at approximately $166,199,078.40. This trade represents a 0.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,416,037 shares of company stock valued at $857,141,304. Insiders own 16.36% of the company's stock.

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.

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