FY2025 Earnings Estimate for Carvana Issued By William Blair

Key Points

• William Blair has raised its FY2025 earnings estimate for Carvana to $5.43 per share from $5.40, maintaining an "Outperform" rating on the stock.
• In its latest earnings report, Carvana beat analysts' expectations with $1.28 earnings per share and $4.84 billion in revenue, marking a year-over-year revenue increase of 41.9%.
• Several analysts have given Carvana a "buy" rating, with target prices ranging from $380 to $460, indicating strong investor confidence in the company's future performance.

Carvana Co. (NYSE:CVNA - Free Report) - William Blair upped their FY2025 earnings estimates for Carvana in a research report issued on Thursday, July 31st. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $5.43 per share for the year, up from their prior forecast of $5.40. William Blair has a "Outperform" rating on the stock. The consensus estimate for Carvana's current full-year earnings is $2.85 per share.

A number of other research analysts have also recently issued reports on the stock. Citigroup restated an "outperform" rating on shares of Carvana in a report on Thursday, July 31st. Piper Sandler lifted their price target on shares of Carvana from $340.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wedbush raised shares of Carvana to a "hold" rating in a research report on Thursday, May 8th. Bank of America lifted their price target on shares of Carvana from $375.00 to $425.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC set a $500.00 target price on Carvana and gave the stock a "buy" rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Carvana currently has an average rating of "Moderate Buy" and a consensus price target of $379.65.

Carvana Trading Down 2.6%

NYSE:CVNA traded down $9.23 on Monday, hitting $351.43. 3,348,974 shares of the stock were exchanged, compared to its average volume of 3,195,607. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00. Carvana has a 52 week low of $124.39 and a 52 week high of $413.33. The stock has a market capitalization of $75.26 billion, a price-to-earnings ratio of 90.39, a P/E/G ratio of 1.19 and a beta of 3.57. The company's 50-day moving average price is $334.70 and its 200 day moving average price is $268.97.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly 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. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business's revenue for the quarter was up 41.9% on a year-over-year basis.

Institutional Trading of Carvana

Several institutional investors have recently made changes to their positions in CVNA. Orion Portfolio Solutions LLC boosted its stake in Carvana by 8.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 2,038 shares of the company's stock valued at $414,000 after buying an additional 167 shares during the last quarter. Schroder Investment Management Group bought a new position in Carvana during the fourth quarter valued at approximately $642,000. O Shaughnessy Asset Management LLC boosted its stake in Carvana by 37.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,947 shares of the company's stock valued at $1,413,000 after buying an additional 1,911 shares during the last quarter. Wellington Management Group LLP boosted its stake in Carvana by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 36,215 shares of the company's stock valued at $7,365,000 after buying an additional 1,430 shares during the last quarter. Finally, Prudential PLC bought a new position in Carvana during the fourth quarter valued at approximately $374,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insider Buying and Selling

In other Carvana news, CEO Ernest C. Garcia III sold 2,746 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $369.10, for a total value of $1,013,548.60. Following the completion of the sale, the chief executive officer owned 581,440 shares in the company, valued at $214,609,504. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark W. Jenkins sold 12,750 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $371.20, for a total value of $4,732,800.00. Following the sale, the chief financial officer owned 191,020 shares of the company's stock, valued at $70,906,624. This represents a 6.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,787,202 shares of company stock valued at $951,316,546 over the last ninety days. 16.36% of the stock is owned by insiders.

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.