Zacks Research Forecasts Carvana’s Q3 Earnings (NYSE:CVNA)

Carvana Co. (NYSE:CVNA) – Investment analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Carvana in a report released on Tuesday, August 11th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.48 for the quarter, up from their previous estimate of $0.39. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $1.65 per share. Zacks Research also issued estimates for Carvana’s Q4 2026 earnings at $0.38 EPS, FY2026 earnings at $1.63 EPS, Q1 2028 earnings at $0.68 EPS and FY2028 earnings at $3.24 EPS.

CVNA has been the subject of a number of other research reports. Evercore set a $75.00 price objective on shares of Carvana in a research report on Thursday, July 30th. Morgan Stanley set a $90.00 price target on Carvana and gave the stock an “overweight” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on Carvana from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. DA Davidson set a $67.00 target price on Carvana in a research note on Thursday, July 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Carvana in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.14.

Carvana Stock Performance

CVNA opened at $72.30 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33. The firm has a fifty day moving average price of $66.90 and a 200 day moving average price of $69.47. Carvana has a 1 year low of $54.46 and a 1 year high of $97.38. The stock has a market cap of $79.56 billion, a P/E ratio of 39.99, a P/E/G ratio of 2.66 and a beta of 3.46.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $7.38 billion for the quarter, compared to the consensus estimate of $6.90 billion. Carvana had a return on equity of 37.06% and a net margin of 6.26%.The company’s revenue was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share.

Institutional Investors Weigh In On Carvana

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sands Capital Management LLC increased its holdings in shares of Carvana by 44.4% during the 4th quarter. Sands Capital Management LLC now owns 2,442,534 shares of the company’s stock worth $1,030,798,000 after buying an additional 751,019 shares during the last quarter. Capricorn Fund Managers Ltd acquired a new stake in Carvana during the first quarter worth $29,866,000. Gavilan Investment Partners LLC raised its position in Carvana by 24.6% in the fourth quarter. Gavilan Investment Partners LLC now owns 86,000 shares of the company’s stock valued at $36,294,000 after purchasing an additional 17,000 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Carvana by 239.6% in the 4th quarter. Hsbc Holdings PLC now owns 221,727 shares of the company’s stock valued at $93,748,000 after purchasing an additional 156,430 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Carvana by 9.9% during the 1st quarter. Swiss National Bank now owns 395,180 shares of the company’s stock worth $124,237,000 after purchasing an additional 35,720 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $64.50, for a total value of $3,225,000.00. Following the transaction, the chief operating officer directly owned 535,709 shares of the company’s stock, valued at approximately $34,553,230.50. This trade represents a 8.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael E. Maroone bought 25,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $61.80 per share, for a total transaction of $1,545,000.00. Following the completion of the purchase, the director directly owned 168,573 shares in the company, valued at approximately $10,417,811.40. This represents a 17.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 391,372 shares of company stock valued at $26,555,789. Corporate insiders own 15.19% of the company’s stock.

About Carvana

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.