Zacks Research Comments on Carvana’s Q4 Earnings (NYSE:CVNA)

Carvana Co. (NYSE:CVNA) – Research analysts at Zacks Research cut their Q4 2025 earnings per share (EPS) estimates for Carvana in a research note issued on Wednesday, November 12th. Zacks Research analyst Team now expects that the company will post earnings of $0.74 per share for the quarter, down from their previous forecast of $1.06. Zacks Research has a “Hold” 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 Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $1.48 EPS, Q1 2027 earnings at $2.32 EPS and Q3 2027 earnings at $2.92 EPS.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.04 billion. During the same period last year, the company posted $0.64 earnings per share. The business’s quarterly revenue was up 54.5% on a year-over-year basis.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their price objective on Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Oppenheimer raised Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 target price on the stock in a research report on Friday, July 25th. Stephens reissued an “overweight” rating and issued a $440.00 price objective on shares of Carvana in a report on Tuesday, September 23rd. Jefferies Financial Group restated a “buy” rating on shares of Carvana in a report on Thursday, October 30th. Finally, Barclays assumed coverage on Carvana in a research report on Tuesday. They issued an “overweight” rating and a $390.00 price target for the company. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $414.16.

Carvana Stock Performance

NYSE:CVNA opened at $318.27 on Friday. The firm has a market cap of $69.24 billion, a PE ratio of 72.66, a P/E/G ratio of 1.15 and a beta of 3.50. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. Carvana has a 1-year low of $148.25 and a 1-year high of $413.33. The firm has a 50 day simple moving average of $351.97 and a 200-day simple moving average of $337.63.

Insider Transactions at Carvana

In related news, insider Ryan S. Keeton sold 32,370 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $301.68, for a total transaction of $9,765,381.60. Following the completion of the sale, the insider owned 115,456 shares in the company, valued at $34,830,766.08. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Benjamin E. Huston sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $364.66, for a total transaction of $3,646,600.00. Following the completion of the transaction, the chief operating officer owned 104,416 shares in the company, valued at approximately $38,076,338.56. This trade represents a 8.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 426,452 shares of company stock valued at $154,720,683. Corporate insiders own 17.12% of the company’s stock.

Hedge Funds Weigh In On Carvana

Several hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Carvana by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock worth $3,125,749,000 after purchasing an additional 1,823,218 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Carvana by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,454,986 shares of the company’s stock valued at $5,075,759,000 after acquiring an additional 690,756 shares during the period. Capital Research Global Investors lifted its position in shares of Carvana by 0.5% in the third quarter. Capital Research Global Investors now owns 3,989,809 shares of the company’s stock valued at $1,505,186,000 after buying an additional 18,631 shares during the last quarter. State Street Corp grew its stake in Carvana by 15.0% in the 2nd quarter. State Street Corp now owns 2,765,046 shares of the company’s stock valued at $931,710,000 after buying an additional 361,624 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Carvana by 11.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock valued at $750,301,000 after purchasing an additional 221,161 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

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.