Zacks Research Has Bearish Forecast for Carvana Q2 Earnings

Carvana Co. (NYSE:CVNA) – Zacks Research dropped their Q2 2027 earnings estimates for Carvana in a report released on Tuesday, June 9th. Zacks Research analyst Team now expects that the company will earn $0.57 per share for the quarter, down from their previous estimate of $0.58. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $1.58 per share.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $0.32 by $1.37. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%.

Several other brokerages also recently commented on CVNA. Wedbush lowered their price objective on shares of Carvana from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $92.00 price target on shares of Carvana in a research note on Friday, June 5th. Barclays set a $93.00 price target on shares of Carvana and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Citizens Jmp increased their price target on shares of Carvana from $92.00 to $103.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Finally, Evercore increased their price target on shares of Carvana from $78.00 to $80.00 in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average price target of $93.14.

Carvana Stock Performance

Shares of NYSE:CVNA opened at $67.37 on Thursday. The company has a market cap of $73.89 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 11.75 and a beta of 3.45. The company has a 50-day moving average price of $70.98 and a 200-day moving average price of $75.18. The company has a current ratio of 4.09, a quick ratio of 2.57 and a debt-to-equity ratio of 1.05. Carvana has a 12 month low of $54.46 and a 12 month high of $97.38.

Insider Activity at Carvana

In other Carvana news, VP Stephen R. Palmer sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $70.42, for a total transaction of $352,100.00. Following the completion of the transaction, the vice president owned 152,955 shares of the company’s stock, valued at approximately $10,771,091.10. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $62.07, for a total transaction of $3,956,962.50. Following the transaction, the chief financial officer directly owned 985,445 shares of the company’s stock, valued at $61,166,571.15. This represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 386,287 shares of company stock valued at $27,022,696 in the last three months. Corporate insiders own 15.19% of the company’s stock.

Hedge Funds Weigh In On Carvana

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Corp increased its stake in shares of Carvana by 6.4% during the fourth quarter. First Horizon Corp now owns 418 shares of the company’s stock valued at $176,000 after purchasing an additional 25 shares in the last quarter. Finivi Inc. increased its stake in shares of Carvana by 4.6% during the fourth quarter. Finivi Inc. now owns 698 shares of the company’s stock valued at $295,000 after purchasing an additional 31 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Carvana by 1.0% during the fourth quarter. HB Wealth Management LLC now owns 3,190 shares of the company’s stock valued at $1,346,000 after purchasing an additional 31 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Carvana by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after purchasing an additional 31 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in shares of Carvana by 4.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 696 shares of the company’s stock valued at $294,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

More Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research upgraded Carvana (CVNA) from Hold to Strong-Buy, which can support investor confidence. The firm also raised multiple forward EPS estimates, including FY2027 and FY2028, suggesting expectations for continued earnings growth. Carvana suffers a larger drop than the general market: key insights
• Positive Sentiment: ADESA, Carvana’s wholesale auto auctions subsidiary, launched ADESA Timed, expanding its digital auction platform. This reinforces Carvana’s push into digital wholesale infrastructure and could be viewed as a long-term operational positive. ADESA Expands Digital Auction Platform with ADESA Timed
• Positive Sentiment: Analyst coverage remains broadly favorable, with Wall Street articles highlighting CVNA as a buy candidate, which may help offset near-term selling pressure. Wall Street Analysts See Carvana as a Buy: Should You Invest?
• Neutral Sentiment: Carvana remains in the spotlight following its recent 5-for-1 stock split, which improved accessibility for retail investors, but the split itself is more of a trading/attention catalyst than a direct business driver. Is Now the Time to Buy Carvana Stock After Its 5-for-1 Split?
• Neutral Sentiment: Insider selling by Thomas Taira was disclosed, but it was made under a pre-arranged 10b5-1 plan and does not necessarily signal a change in the company’s outlook. Insider Selling: Carvana insider sells 5,597 shares of stock
• Negative Sentiment: Despite the supportive analyst news, CVNA still traded lower as investors appeared focused on short-term weakness and profit-taking after a strong run, with recent commentary also noting profitability concerns in prior coverage. Carvana slid as profitability fell short of expectations

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.