FY2025 Earnings Estimate for Carvana Issued By William Blair

Carvana Co. (NYSE:CVNA) – William Blair boosted their FY2025 earnings per share (EPS) estimates for Carvana in a report issued on Thursday, September 18th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $5.69 for the year, up from their prior estimate of $5.43. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $2.85 per share.

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

A number of other equities research analysts also recently commented on the company. Royal Bank Of Canada lifted their target price on Carvana from $400.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Bank of America lifted their target price on Carvana from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Stephens lifted their target price on Carvana from $300.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. JPMorgan Chase & Co. lifted their target price on Carvana from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Needham & Company LLC lifted their target price on Carvana from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $384.06.

Carvana Price Performance

NYSE:CVNA opened at $392.88 on Friday. Carvana has a 52 week low of $148.25 and a 52 week 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. The company has a market capitalization of $84.55 billion, a P/E ratio of 98.47, a P/E/G ratio of 1.24 and a beta of 3.51. The stock’s fifty day moving average is $356.76 and its two-hundred day moving average is $295.19.

Insider Activity

In related news, Director Ira J. Platt sold 14,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $379.14, for a total transaction of $5,307,960.00. Following the completion of the transaction, the director directly owned 7,231 shares of the company’s stock, valued at $2,741,561.34. The trade was a 65.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernest C. Garcia III sold 700 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $394.36, for a total value of $276,052.00. Following the transaction, the chief executive officer directly owned 421,440 shares of the company’s stock, valued at $166,199,078.40. The trade was a 0.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,426,037 shares of company stock valued at $860,238,704. 17.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. J.Safra Asset Management Corp grew its stake in Carvana by 140.8% during the 1st quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company’s stock worth $709,000 after purchasing an additional 1,982 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Carvana by 333.1% during the 1st quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company’s stock worth $740,000 after purchasing an additional 2,678 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Carvana during the 4th quarter worth $36,527,000. Brucke Financial Inc. acquired a new position in Carvana during the 4th quarter worth $415,000. Finally, Berkshire Capital Holdings Inc. grew its stake in Carvana by 632,200.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company’s stock worth $13,220,000 after purchasing an additional 63,220 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

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.