Zacks Research Has Negative Estimate for Carvana Q1 Earnings

Carvana Co. (NYSE:CVNA - Free Report) - Research analysts at Zacks Research cut their Q1 2026 earnings estimates for shares of Carvana in a note issued to investors on Tuesday, March 4th. Zacks Research analyst R. Department now anticipates that the company will earn $1.14 per share for the quarter, down from their prior estimate of $1.17. 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 $0.97 EPS, Q3 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.26 EPS, FY2026 earnings at $4.44 EPS and FY2027 earnings at $6.50 EPS.

A number of other research firms also recently commented on CVNA. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Stephens reiterated an "overweight" rating and issued a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. JMP Securities reiterated a "market outperform" rating and issued a $320.00 target price on shares of Carvana in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their target price on shares of Carvana from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday. Finally, William Blair reiterated an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $265.94.

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Carvana Price Performance

Shares of NYSE:CVNA traded up $1.34 during trading on Thursday, reaching $188.19. The company had a trading volume of 8,347,166 shares, compared to its average volume of 4,293,713. The firm's fifty day moving average is $231.41 and its 200 day moving average is $213.67. The firm has a market capitalization of $40.11 billion, a PE ratio of 119.86 and a beta of 3.56. Carvana has a twelve month low of $67.61 and a twelve month high of $292.84. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%.

Insider Activity at Carvana

In other Carvana news, insider Ryan S. Keeton sold 24,845 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the sale, the insider now owns 151,029 shares in the company, valued at $37,440,089.10. This represents a 14.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira J. Platt sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $244.30, for a total transaction of $6,107,500.00. Following the completion of the sale, the director now owns 5,227 shares of the company's stock, valued at approximately $1,276,956.10. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,629 shares of company stock worth $30,866,419. 17.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carvana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVNA. Raymond James & Associates increased its stake in shares of Carvana by 28.8% during the 3rd quarter. Raymond James & Associates now owns 13,577 shares of the company's stock worth $2,364,000 after purchasing an additional 3,033 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Carvana during the 3rd quarter worth $377,000. US Bancorp DE increased its stake in shares of Carvana by 80.1% during the 3rd quarter. US Bancorp DE now owns 10,342 shares of the company's stock worth $1,801,000 after purchasing an additional 4,599 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Carvana by 16.2% during the 3rd quarter. QRG Capital Management Inc. now owns 6,713 shares of the company's stock worth $1,169,000 after purchasing an additional 935 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in shares of Carvana by 23.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 1,021 shares of the company's stock worth $178,000 after purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors 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.