Zacks Research Has Positive Forecast for Carvana Q1 Earnings

Carvana Co. (NYSE:CVNA) – Zacks Research upped their Q1 2026 EPS estimates for Carvana in a report issued on Wednesday, August 13th. Zacks Research analyst Team now expects that the company will post earnings of $1.48 per share for the quarter, up from their previous forecast 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.

A number of other equities research analysts have also weighed in on CVNA. Needham & Company LLC lifted their price objective on Carvana from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Piper Sandler lifted their price target on shares of Carvana from $340.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Evercore ISI raised their target price on shares of Carvana from $365.00 to $370.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 12th. Bank of America boosted their price target on shares of Carvana from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Oppenheimer raised shares of Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price target for the company in a research note on Friday, July 25th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $383.47.

Carvana Stock Up 2.2%

NYSE CVNA opened at $350.00 on Friday. Carvana has a 1 year low of $124.39 and a 1 year high of $413.33. The stock has a market capitalization of $75.32 billion, a PE ratio of 87.72, a PEG ratio of 1.16 and a beta of 3.57. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. The business’s 50-day moving average is $337.99 and its 200 day moving average is $275.67.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) earnings per share.

Institutional Trading of Carvana

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in shares of Carvana during the second quarter valued at approximately $25,000. SJS Investment Consulting Inc. lifted its position in Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Carvana in the 2nd quarter valued at approximately $38,000. LRI Investments LLC bought a new stake in shares of Carvana in the 2nd quarter worth $42,000. Finally, Brooklyn Investment Group raised its stake in shares of Carvana by 961.5% in 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 last quarter. 56.71% of the stock is currently owned by institutional investors.

Insider Activity at Carvana

In other news, CEO Ernest C. Garcia III sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $348.47, for a total transaction of $3,484,700.00. Following the completion of the transaction, the chief executive officer directly owned 546,440 shares in the company, valued at $190,417,946.80. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 95,087 shares of Carvana stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $349.09, for a total value of $33,193,920.83. Following the completion of the transaction, the insider directly owned 34,442,317 shares of the company’s stock, valued at approximately $12,023,468,441.53. This represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,036,140 shares of company stock worth $1,056,235,871 in the last 90 days. 17.12% of the stock is currently 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.