FY2025 Earnings Estimate for Carvana Issued By William Blair

Key Points

• William Blair analysts have raised Carvana's FY2025 earnings per share estimate from $5.43 to $5.69, maintaining an "Outperform" rating on the stock.
• Carvana's current consensus earnings estimate stands at $2.85 per share, with a consensus target price of $384.06.
• Insider sales have occurred, with major shareholder Ernest C. Garcia II selling over 193,000 shares recently, indicating a 93.38% decrease in his position.

Carvana Co. (NYSE:CVNA - Free Report) - Stock analysts at William Blair raised their FY2025 earnings per share estimates for shares of Carvana in a research report issued on Thursday, September 18th. William Blair analyst S. Zackfia now forecasts that the company will earn $5.69 per share for the year, up from their prior estimate of $5.43. 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.

Several other analysts also recently issued reports on the stock. Oppenheimer raised shares of Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 target price on the stock in a research note on Friday, July 25th. Citigroup restated an "outperform" rating on shares of Carvana in a research note on Thursday, July 31st. Needham & Company LLC boosted their target price on Carvana from $340.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Stephens boosted their target price on Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, Evercore ISI boosted their target price on Carvana from $365.00 to $370.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Carvana currently has an average rating of "Moderate Buy" and a consensus price target of $384.06.

Carvana Stock Down 0.2%

NYSE:CVNA traded down $0.79 during trading hours on Friday, hitting $391.10. 1,674,098 shares of the stock traded hands, compared to its average volume of 3,944,017. The firm has a 50 day moving average price of $356.76 and a 200 day moving average price of $296.49. 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 fifty-two week low of $148.25 and a fifty-two week high of $413.33. The firm has a market cap of $84.17 billion, a price-to-earnings ratio of 98.02, a PEG ratio of 1.28 and a beta of 3.51.

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. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the business earned ($0.05) EPS. The company's revenue was up 41.9% on a year-over-year basis.

Insider Buying and Selling at Carvana

In other news, Director Ira J. Platt sold 14,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $379.14, for a total value 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. The trade was a 65.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul W. Breaux sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $375.00, for a total value of $5,625,000.00. Following the completion of the transaction, the insider directly owned 83,018 shares in the company, valued at $31,131,750. The trade was a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,416,037 shares of company stock valued at $857,141,304. 17.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CVNA. American Trust bought a new position in Carvana in the 2nd quarter worth approximately $394,000. Orion Porfolio Solutions LLC raised its position in Carvana by 27.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 4,380 shares of the company's stock worth $1,476,000 after purchasing an additional 940 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Carvana in the 2nd quarter worth approximately $228,000. Marex Group plc bought a new position in Carvana in the 2nd quarter worth approximately $4,824,000. Finally, State of Wyoming raised its position in Carvana by 27.0% in the 2nd quarter. State of Wyoming now owns 1,149 shares of the company's stock worth $387,000 after purchasing an additional 244 shares during the last quarter. 56.71% of the stock is 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.