What is Zacks Research’s Forecast for Carvana Q1 Earnings?

Carvana Co. (NYSE:CVNA) – Analysts at Zacks Research increased their Q1 2026 EPS estimates for shares of Carvana in a research note issued on Monday, January 5th. Zacks Research analyst Team now expects that the company will earn $1.96 per share for the quarter, up from their prior estimate of $1.89. Zacks Research currently 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 Q2 2026 earnings at $2.06 EPS, Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $7.36 EPS, Q2 2027 earnings at $3.05 EPS and Q3 2027 earnings at $3.24 EPS.

Several other research firms also recently commented on CVNA. Royal Bank Of Canada restated an “outperform” rating and set a $460.00 target price on shares of Carvana in a research report on Thursday, October 30th. Wedbush raised their price target on Carvana from $400.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. BTIG Research reiterated a “buy” rating and issued a $450.00 target price on shares of Carvana in a report on Friday, December 19th. UBS Group initiated coverage on shares of Carvana in a report on Monday, December 1st. They issued a “buy” rating and a $450.00 price target for the company. Finally, Wall Street Zen cut shares of Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Nineteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $451.14.

Carvana Stock Up 2.7%

NYSE CVNA opened at $441.48 on Wednesday. Carvana has a 1-year low of $148.25 and a 1-year high of $485.33. The company has a market capitalization of $96.04 billion, a price-to-earnings ratio of 100.79, a PEG ratio of 1.02 and a beta of 3.54. The stock’s 50 day moving average is $383.75 and its two-hundred day moving average is $365.03. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Viking Global Investors LP grew its position in shares of Carvana by 94.9% in the 3rd quarter. Viking Global Investors LP now owns 2,101,241 shares of the company’s stock valued at $792,672,000 after acquiring an additional 1,023,265 shares during the period. Sands Capital Management LLC raised its position in shares of Carvana by 1,374.3% in the second quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock valued at $303,677,000 after buying an additional 840,096 shares in the last quarter. Norges Bank bought a new stake in shares of Carvana in the second quarter valued at approximately $259,468,000. Invesco Ltd. boosted its stake in shares of Carvana by 96.8% in the third quarter. Invesco Ltd. now owns 1,445,018 shares of the company’s stock valued at $545,119,000 after buying an additional 710,582 shares during the period. Finally, Vanguard Group Inc. grew its position in Carvana by 5.4% during the third quarter. Vanguard Group Inc. now owns 13,454,986 shares of the company’s stock worth $5,075,759,000 after buying an additional 690,756 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Activity at Carvana

In other news, insider Thomas Taira sold 30,952 shares of Carvana stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $435.96, for a total value of $13,493,833.92. Following the sale, the insider directly owned 69,880 shares in the company, valued at $30,464,884.80. This trade represents a 30.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel J. Gill sold 80,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $439.50, for a total transaction of $35,160,000.00. Following the completion of the sale, the insider directly owned 191,106 shares in the company, valued at approximately $83,991,087. This represents a 29.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 469,332 shares of company stock worth $192,588,278. 16.36% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research raised multiple near‑term and FY2026 EPS estimates (Q1, Q2, Q2 & Q3 2027 and FY2026 to $7.36), signaling improved profit expectations even as Zacks retains a “Hold” rating. This boost to forward earnings outlook is a key driver of investor optimism. Read More.
• Positive Sentiment: Jefferies reiterated a Buy and kept a $550 price target citing strong early‑December sales momentum — a thesis that supports further upside if end‑of‑year demand holds. Read More.
• Neutral Sentiment: Options flow shows some bearish positioning even as shares climbed recently, suggesting mixed short‑term sentiment among traders. Read More.
• Neutral Sentiment: Market coverage and headlines highlight recent strong price action and analyst target dispersion (average target ~$451), underscoring both upside potential and varied analyst views. Read More.
• Negative Sentiment: Several insiders sold shares (COO Benjamin Huston — 10,000 shares; CFO Mark Jenkins — 12,750 shares; VP Stephen Palmer — 1,000 shares), creating headline risk and giving some investors pause about timing and valuation. SEC filings disclosed these transactions. Read More. Read More. Read More.
• Negative Sentiment: Gordon Haskett trimmed its price target (from $445 to $435) and published a cautious outlook, adding contrarian pressure relative to the bullish notes. Read More.

Carvana Company Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.