Zacks Research Has Positive Estimate for Carvana Q2 Earnings

Key Points

• Zacks Research raised its Q2 2027 earnings estimate for Carvana to $0.58 per share from $0.56, signaling a slightly more positive outlook ahead of the company’s next results.
• Carvana’s most recent quarter beat expectations by a wide margin, reporting $1.69 EPS versus $0.32 expected and revenue of $6.43 billion versus $6.12 billion forecast.
• Wall Street sentiment remains broadly positive, with analysts holding a “Moderate Buy” consensus and an average target price of $93.14, while the stock recently traded around $73.57.

Carvana Co. (NYSE:CVNA - Free Report) - Stock analysts at Zacks Research lifted their Q2 2027 earnings estimates for Carvana in a note issued to investors on Thursday, May 28th. Zacks Research analyst Team now expects that the company will post earnings of $0.58 per share for the quarter, up from their prior forecast of $0.56. The consensus estimate for Carvana's current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana's Q1 2028 earnings at $0.74 EPS.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $1.37. The firm had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%.

A number of other research analysts have also recently weighed in on CVNA. BNP Paribas Exane boosted their target price on shares of Carvana from $77.60 to $85.80 in a research note on Thursday, April 30th. Jefferies Financial Group dropped their price target on shares of Carvana from $97.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. BTIG Research restated a "buy" rating and set a $97.00 price target (down from $485.00) on shares of Carvana in a research note on Sunday, May 10th. Royal Bank Of Canada upped their price target on shares of Carvana from $88.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. Finally, Morgan Stanley upped their price target on shares of Carvana from $90.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Carvana has an average rating of "Moderate Buy" and an average target price of $93.14.

Carvana Stock Up 0.8%

CVNA opened at $73.57 on Friday. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. The stock has a market cap of $80.70 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 12.32 and a beta of 3.55. Carvana has a twelve month low of $54.46 and a twelve month high of $97.38. The company's 50-day moving average price is $69.49 and its two-hundred day moving average price is $74.93.

Institutional Trading of Carvana

A number of hedge funds and other institutional investors have recently bought and sold shares of CVNA. Royal Bank of Canada increased its holdings in Carvana by 40.8% during the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company's stock worth $6,243,000 after acquiring an additional 8,654 shares during the period. Geneos Wealth Management Inc. increased its holdings in Carvana by 251.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company's stock worth $53,000 after acquiring an additional 181 shares during the period. Cerity Partners LLC increased its holdings in Carvana by 28.8% during the 2nd quarter. Cerity Partners LLC now owns 5,481 shares of the company's stock worth $1,847,000 after acquiring an additional 1,226 shares during the period. AXA S.A. increased its holdings in Carvana by 340.7% during the 2nd quarter. AXA S.A. now owns 4,253 shares of the company's stock worth $1,433,000 after acquiring an additional 3,288 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Carvana by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 9,893 shares of the company's stock worth $3,334,000 after acquiring an additional 825 shares during the period. Institutional investors own 56.71% of the company's stock.

Insider Buying and Selling at Carvana

In related news, VP Stephen R. Palmer sold 5,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $79.06, for a total transaction of $395,320.00. Following the sale, the vice president owned 164,455 shares of the company's stock, valued at approximately $13,002,470.12. This represents a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 14,500 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $61.99, for a total transaction of $898,913.00. Following the sale, the director directly owned 209,565 shares in the company, valued at $12,991,772.61. This trade represents a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 281,205 shares of company stock worth $19,495,895 in the last ninety days. Insiders own 15.19% of the company's stock.

About Carvana

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.