Carvana (CVNA) Projected to Announce Quarterly Earnings on Wednesday

Key Points

• Carvana is expected to report Q3 2026 results after Wednesday’s market close. Analysts project earnings of $0.4424 per share on revenue of $7.67 billion, with a conference call scheduled for 5:30 p.m. ET.
• The company’s most recent quarter exceeded expectations, with EPS of $0.42 versus a $0.39 consensus estimate and revenue of $7.38 billion, up 52.4% year over year.
• CVNA shares opened at $60.33, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $83.04, although recent targets and ratings have varied widely.

Carvana (NYSE:CVNA - Get Free Report) is projected to issue its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $0.4424 per share and revenue of $7.67 billion for the quarter. Parties can find conference call details on the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 5:30 PM ET.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The business had revenue of $7.38 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The firm's revenue for the quarter was up 52.4% on a year-over-year basis. On average, analysts expect Carvana to post $1.64 EPS for the current fiscal year and $2.17 EPS for the next fiscal year.

Carvana Stock Performance

NYSE CVNA opened at $60.33 on Wednesday. The company has a 50-day simple moving average of $67.51 and a two-hundred day simple moving average of $68.57. Carvana has a 12-month low of $54.46 and a 12-month high of $97.38. The firm has a market cap of $66.39 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.73 and a beta of 3.55. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94.

Insider Activity

In other news, Director Ira Platt sold 15,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $75.50, for a total transaction of $1,132,500.00. Following the completion of the transaction, the director directly owned 186,470 shares of the company's stock, valued at approximately $14,078,485. This represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Maroone bought 25,000 shares of the company's stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $61.80 per share, with a total value of $1,545,000.00. Following the completion of the acquisition, the director owned 168,573 shares of the company's stock, valued at $10,417,811.40. This trade represents a 17.41% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders sold 358,161 shares of company stock valued at $24,164,285. 15.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on CVNA shares. Zacks Research lowered Carvana from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 15th. UBS Group restated a "buy" rating and set a $83.00 target price on shares of Carvana in a report on Friday, July 31st. BNP Paribas Exane reduced their price target on Carvana from $86.00 to $69.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Hovde Group lifted their price target on Carvana from $39.50 to $48.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price target on shares of Carvana in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Carvana presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.04.

Carvana Company Profile

Carvana Co NYSE: CVNA is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.

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