What is Zacks Research's Estimate for Carvana Q3 Earnings?

Key Points

• Zacks Research trimmed Carvana’s Q3 2027 EPS estimate to $0.64 from $0.65, while its full-year 2027 estimate stands at $2.03 per share.
• Wall Street sentiment remains positive overall, with Carvana carrying a consensus “Moderate Buy” rating and an average target price of $93.14, even as some analysts adjusted their price targets and one lowered its rating.
• Carvana recently beat expectations in its latest quarter, reporting $1.69 EPS and $6.43 billion in revenue, both above consensus estimates.

Carvana Co. (NYSE:CVNA - Free Report) - Research analysts at Zacks Research lowered their Q3 2027 earnings per share (EPS) estimates for shares of Carvana in a note issued to investors on Monday, May 25th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.65. The consensus estimate for Carvana's current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana's FY2027 earnings at $2.03 EPS.

Several other research analysts have also commented on the company. Bank of America lifted their target price on Carvana from $72.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on Carvana from $91.00 to $93.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. BNP Paribas Exane lifted their target price on Carvana from $77.60 to $85.80 in a research report on Thursday, April 30th. DA Davidson lifted their target price on Carvana from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, Weiss Ratings lowered Carvana from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Carvana currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.14.

Carvana Price Performance

Shares of CVNA opened at $72.86 on Thursday. The firm has a market cap of $79.92 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 11.84 and a beta of 3.55. The stock has a 50 day moving average of $69.24 and a 200-day moving average of $74.82. The company has a current ratio of 4.09, a quick ratio of 2.57 and a debt-to-equity ratio of 1.05. Carvana has a 52 week low of $54.46 and a 52 week high of $97.38.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $0.32 by $1.37. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%.

Insiders Place Their Bets

In other Carvana news, insider Thomas Taira sold 5,590 shares of Carvana stock in a transaction on Friday, May 8th. The stock was sold at an average price of $79.97, for a total transaction of $447,032.30. Following the sale, the insider owned 60,452 shares of the company's stock, valued at $4,834,346.44. The trade was a 8.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of Carvana stock in a transaction on Friday, May 1st. The shares were sold at an average price of $77.44, for a total value of $4,936,672.50. Following the sale, the chief financial officer directly owned 1,050,635 shares in the company, valued at $81,359,073.13. The trade was a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 281,205 shares of company stock worth $19,495,895. 15.19% of the stock is currently owned by insiders.

Institutional Trading of Carvana

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Corp raised its stake in Carvana by 6.4% during the 4th quarter. First Horizon Corp now owns 418 shares of the company's stock valued at $176,000 after acquiring an additional 25 shares in the last quarter. Finivi Inc. raised its stake in Carvana by 4.6% during the 4th quarter. Finivi Inc. now owns 698 shares of the company's stock valued at $295,000 after acquiring an additional 31 shares in the last quarter. HB Wealth Management LLC raised its stake in Carvana by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 3,190 shares of the company's stock valued at $1,346,000 after acquiring an additional 31 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in Carvana by 1.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company's stock valued at $622,000 after acquiring an additional 31 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in Carvana by 4.8% during the 4th quarter. Insigneo Advisory Services LLC now owns 696 shares of the company's stock valued at $294,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

Carvana Company Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana's model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.

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