William Blair Brokers Raise Earnings Estimates for Carvana

Carvana Co. (NYSE:CVNA) – Stock analysts at William Blair increased their Q2 2025 earnings per share estimates for shares of Carvana in a report issued on Wednesday, July 23rd. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $1.25 for the quarter, up from their prior estimate of $1.21. 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 Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $5.40 EPS and FY2026 earnings at $7.27 EPS.

A number of other research analysts have also recently commented on CVNA. Wedbush upgraded Carvana to a “hold” rating in a report on Thursday, May 8th. JMP Securities set a $440.00 price objective on shares of Carvana and gave the company a “market outperform” rating in a research note on Wednesday, July 2nd. Citigroup lifted their price objective on shares of Carvana from $325.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of Carvana from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Bank of America boosted their price target on shares of Carvana from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $310.83.

Carvana Price Performance

NYSE:CVNA opened at $326.46 on Thursday. The company has a current ratio of 3.81, a quick ratio of 2.70 and a debt-to-equity ratio of 2.97. The stock has a 50 day moving average of $327.76 and a two-hundred day moving average of $261.07. The firm has a market cap of $69.91 billion, a P/E ratio of 114.55, a price-to-earnings-growth ratio of 1.33 and a beta of 3.59. Carvana has a 12 month low of $118.50 and a 12 month high of $364.00.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the previous year, the business earned $0.23 EPS. Carvana’s revenue for the quarter was up 38.3% compared to the same quarter last year.

Institutional Trading of Carvana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. HighTower Advisors LLC raised its position in shares of Carvana by 179.7% in the 4th quarter. HighTower Advisors LLC now owns 4,035 shares of the company’s stock worth $821,000 after purchasing an additional 9,098 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Carvana in the 4th quarter worth about $226,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Carvana by 19.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,468 shares of the company’s stock worth $299,000 after purchasing an additional 236 shares during the last quarter. Sei Investments Co. raised its position in shares of Carvana by 83.9% in the 4th quarter. Sei Investments Co. now owns 25,918 shares of the company’s stock worth $5,270,000 after purchasing an additional 11,826 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Carvana in the 4th quarter worth about $391,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In other news, major shareholder Ernest C. Garcia II sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $342.96, for a total value of $17,148,000.00. Following the transaction, the insider owned 35,642,792 shares in the company, valued at approximately $12,224,051,944.32. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernest C. Garcia III sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $337.51, for a total transaction of $3,375,100.00. Following the completion of the transaction, the chief executive officer owned 621,440 shares in the company, valued at $209,742,214.40. This represents a 1.58% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,121,515 shares of company stock worth $702,869,548. 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.