FY2025 Earnings Forecast for Carvana Issued By William Blair

Carvana Co. (NYSE:CVNA - Free Report) - Stock analysts at William Blair upped their FY2025 EPS estimates for Carvana in a research note issued on Thursday, May 8th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $5.28 per share for the year, up from their prior estimate of $4.10. 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 FY2026 earnings at $7.15 EPS.

Several other equities research analysts also recently commented on CVNA. Robert W. Baird lifted their target price on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Bank of America raised their price target on shares of Carvana from $290.00 to $295.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada increased their price objective on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, DA Davidson raised their target price on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Carvana presently has an average rating of "Moderate Buy" and a consensus target price of $268.59.

Carvana Trading Up 3.7%

Shares of NYSE:CVNA traded up $10.88 during midday trading on Monday, hitting $303.94. 6,477,971 shares of the stock were exchanged, compared to its average volume of 3,934,696. The business's 50-day moving average price is $213.32 and its 200 day moving average price is $228.39. Carvana has a 12 month low of $97.55 and a 12 month high of $311.78. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The stock has a market capitalization of $64.79 billion, a price-to-earnings ratio of 193.59 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Carvana's quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Insiders Place Their Bets

In other Carvana news, insider Thomas Taira sold 27,593 shares of Carvana stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the sale, the insider now directly owns 179,673 shares of the company's stock, valued at approximately $40,431,815.19. The trade was a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark W. Jenkins sold 28,422 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now owns 219,962 shares in the company, valued at $63,536,023.70. This represents a 11.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 441,353 shares of company stock worth $99,768,424. 16.36% of the stock is owned by corporate insiders.

Institutional Trading of Carvana

Several large investors have recently made changes to their positions in CVNA. Quent Capital LLC bought a new position in Carvana in the fourth quarter worth approximately $28,000. Brooklyn Investment Group raised its position in shares of Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after purchasing an additional 125 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC bought a new position in shares of Carvana in the 4th quarter worth $31,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Carvana in the 1st quarter valued at $33,000. 56.71% of the stock is currently 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.