Zacks Research Has Positive Estimate for Carvana Q3 Earnings

Key Points

• Zacks Research has increased its Q3 2025 earnings per share (EPS) estimate for Carvana from $1.21 to $1.25, with a full-year estimate of $2.85 per share.
• Multiple analysts have upgraded their ratings and price targets for Carvana, with an average target now at $383.47 and a consensus rating of "Moderate Buy."
• Carvana reported a 41.9% year-over-year revenue increase, with Q2 earnings surpassing expectations at $1.28 per share against a consensus estimate of $1.09.

Carvana Co. (NYSE:CVNA - Free Report) - Analysts at Zacks Research boosted their Q3 2025 EPS estimates for shares of Carvana in a research report issued on Wednesday, August 13th. Zacks Research analyst R. Department now forecasts that the company will earn $1.25 per share for the quarter, up from their prior estimate of $1.21. The consensus estimate for Carvana's current full-year earnings is $2.85 per share. Zacks Research also issued estimates for Carvana's Q4 2025 earnings at $1.06 EPS.

A number of other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Carvana from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Evercore ISI boosted their price target on shares of Carvana from $365.00 to $370.00 and gave the stock an "in-line" rating in a research note on Tuesday. Stephens boosted their price target on shares of Carvana from $300.00 to $375.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Wells Fargo & Company upped their price objective on shares of Carvana from $390.00 to $425.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Carvana from $350.00 to $415.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $383.47.

Carvana Price Performance

CVNA stock opened at $350.17 on Thursday. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. Carvana has a one year low of $124.39 and a one year high of $413.33. The stock has a market cap of $75.36 billion, a PE ratio of 87.76, a P/E/G ratio of 1.14 and a beta of 3.57. The firm has a 50 day simple moving average of $337.83 and a two-hundred day simple moving average of $274.03.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the firm posted ($0.05) EPS. Carvana's revenue was up 41.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hilltop National Bank bought a new position in shares of Carvana in the 2nd quarter worth about $25,000. Brooklyn Investment Group increased its stake in shares of Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock worth $29,000 after acquiring an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Carvana in the 1st quarter worth about $33,000. SJS Investment Consulting Inc. increased its stake in shares of Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of Carvana in the 2nd quarter worth about $42,000. 56.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carvana

In other Carvana news, major shareholder Ernest C. Garcia II sold 93,376 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $394.16, for a total value of $36,805,084.16. Following the completion of the transaction, the insider directly owned 6,624 shares in the company, valued at approximately $2,610,915.84. This represents a 93.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $346.99, for a total transaction of $34,699,000.00. Following the completion of the transaction, the insider owned 37,092,317 shares of the company's stock, valued at $12,870,663,075.83. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,881,302 shares of company stock valued at $1,001,283,751 over the last 90 days. Company insiders own 17.12% of the company's stock.

Carvana Company Profile

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.

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