Zacks Research Has Bullish Estimate for Carvana Q1 Earnings

Key Points

• Analysts at Zacks Research have raised their Q1 2026 earnings per share (EPS) estimate for Carvana from $1.42 to $1.48, indicating a positive outlook for the company.
• Carvana achieved a net margin of 3.46% and reported revenue of $4.84 billion for the last quarter, surpassing analysts' expectations of $4.54 billion.
• After recent evaluations, Carvana has a consensus rating of "Moderate Buy" with target prices from various analysts ranging up to $460.00.

Carvana Co. (NYSE:CVNA - Free Report) - Equities research analysts at Zacks Research increased their Q1 2026 earnings per share (EPS) estimates for shares of Carvana in a research note issued to investors on Wednesday, August 13th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.48 per share for the quarter, up from their prior estimate of $1.42. The consensus estimate for Carvana's current full-year earnings is $2.85 per share. Zacks Research also issued estimates for Carvana's Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.38 EPS, Q4 2026 earnings at $1.66 EPS, FY2026 earnings at $5.97 EPS, Q1 2027 earnings at $2.47 EPS, Q2 2027 earnings at $2.77 EPS and FY2027 earnings at $9.26 EPS.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.09 by $0.19. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.54 billion. Carvana had a net margin of 3.46% and a return on equity of 40.57%. Carvana's revenue for the quarter was up 41.9% on a year-over-year basis. During the same period last year, the firm earned ($0.05) EPS.

CVNA has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of Carvana from $350.00 to $415.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Bank of America increased their target price on shares of Carvana from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Piper Sandler increased their target price on shares of Carvana from $340.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Evercore ISI increased their target price on shares of Carvana from $365.00 to $370.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 12th. Finally, Oppenheimer upgraded shares of Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 target price on the stock in a research note on Friday, July 25th. Seven research analysts have rated the stock with a hold rating and twelve have assigned 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 $383.47.

Carvana Stock Performance

CVNA traded down $7.03 on Friday, hitting $352.48. The company's stock had a trading volume of 313,956 shares, compared to its average volume of 4,141,079. The company's 50 day simple moving average is $338.38 and its 200-day simple moving average is $276.67. The firm has a market cap of $75.85 billion, a P/E ratio of 88.25, a price-to-earnings-growth ratio of 1.16 and a beta of 3.57. Carvana has a 12 month low of $124.39 and a 12 month high of $413.33. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51.

Hedge Funds Weigh In On Carvana

Large investors have recently added to or reduced their stakes in the business. Hilltop National Bank purchased a new position in shares of Carvana in the second quarter valued at about $25,000. Brooklyn Investment Group increased its position in shares of Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after acquiring an additional 125 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Carvana in the first quarter valued at about $33,000. SJS Investment Consulting Inc. increased its position in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 96 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Carvana in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of Carvana stock in a transaction on Friday, June 6th. The shares were sold at an average price of $346.99, for a total value of $34,699,000.00. Following the transaction, the insider owned 37,092,317 shares in the company, valued at $12,870,663,075.83. This trade represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 3,036,140 shares of company stock valued at $1,056,693,071. 16.36% of the stock is owned by company insiders.

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.