Zacks Research Has Bullish Estimate for Carvana Q1 Earnings

Carvana Co. (NYSE:CVNA) – Equities researchers at Zacks Research increased their Q1 2026 earnings per share (EPS) estimates for Carvana in a research report issued on Tuesday, October 7th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.66 for the quarter, up from their prior forecast of $1.48. Zacks Research has a “Strong-Buy” rating on the stock. 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 $1.68 EPS, Q3 2026 earnings at $1.32 EPS, Q4 2026 earnings at $1.81 EPS, FY2026 earnings at $6.47 EPS, Q1 2027 earnings at $2.65 EPS, Q3 2027 earnings at $2.33 EPS and FY2027 earnings at $9.62 EPS.

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

Other research analysts also recently issued reports about the company. Stephens reiterated an “overweight” rating and set a $440.00 target price on shares of Carvana in a research note on Tuesday, September 23rd. Jefferies Financial Group set a $475.00 target price on Carvana and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Wall Street Zen downgraded Carvana from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Evercore ISI lifted their target price on Carvana from $365.00 to $370.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company lifted their price target on Carvana from $390.00 to $425.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $404.94.

Carvana Stock Performance

Shares of NYSE CVNA opened at $359.82 on Thursday. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51. Carvana has a 12 month low of $148.25 and a 12 month high of $413.33. The stock has a 50 day moving average of $365.93 and a 200-day moving average of $313.81. The company has a market capitalization of $77.43 billion, a P/E ratio of 90.18, a P/E/G ratio of 1.18 and a beta of 3.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVNA. Wealth Enhancement Advisory Services LLC boosted its holdings in Carvana by 16.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,513 shares of the company’s stock worth $511,000 after acquiring an additional 348 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of Carvana in the first quarter worth approximately $307,000. Farther Finance Advisors LLC raised its stake in shares of Carvana by 333.1% in the first 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 during the last quarter. Yousif Capital Management LLC raised its stake in shares of Carvana by 4.1% in the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company’s stock worth $265,000 after purchasing an additional 50 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Carvana by 31.4% in the first quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock worth $215,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Insider Activity at Carvana

In related news, CEO Ernest C. Garcia III sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $370.34, for a total transaction of $3,703,400.00. Following the sale, the chief executive officer owned 356,440 shares in the company, valued at $132,003,989.60. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen R. Palmer sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $390.14, for a total value of $390,140.00. Following the sale, the vice president owned 43,513 shares in the company, valued at approximately $16,976,161.82. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,993,940 shares of company stock worth $718,680,199 over the last quarter. 17.12% of the stock is owned by company insiders.

About Carvana

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.