Research Analysts Set Expectations for Carvana Q1 Earnings

Carvana Co. (NYSE:CVNA - Free Report) - Research analysts at Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for Carvana in a report released on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.63 for the quarter, up from their prior estimate of $0.59. The consensus estimate for Carvana's current full-year earnings is $0.62 per share. Zacks Research also issued estimates for Carvana's Q2 2025 earnings at $0.72 EPS, Q1 2026 earnings at $1.07 EPS and Q2 2026 earnings at $1.07 EPS.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter last year, the firm posted $0.23 earnings per share. The firm's revenue was up 31.8% on a year-over-year basis.

Several other research analysts also recently commented on CVNA. JMP Securities lifted their price target on shares of Carvana from $200.00 to $320.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 31st. DA Davidson lifted their target price on shares of Carvana from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. TD Cowen upped their price target on shares of Carvana from $110.00 to $148.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Evercore ISI raised their price objective on Carvana from $186.00 to $190.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Carvana from $230.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Carvana currently has a consensus rating of "Hold" and an average target price of $217.71.

Carvana Price Performance

Shares of Carvana stock traded up $3.62 during trading on Monday, hitting $244.63. 1,622,933 shares of the stock traded hands, compared to its average volume of 4,709,825. The firm's fifty day moving average is $192.70 and its 200-day moving average is $150.16. The stock has a market cap of $50.79 billion, a price-to-earnings ratio of 24,050.00 and a beta of 3.37. Carvana has a 52 week low of $29.84 and a 52 week high of $259.39. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99.

Institutional Investors Weigh In On Carvana

A number of hedge funds have recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC purchased a new stake in Carvana during the third quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in Carvana in the third quarter worth approximately $40,000. Ridgewood Investments LLC purchased a new position in shares of Carvana during the 2nd quarter worth $32,000. First Horizon Advisors Inc. grew its position in shares of Carvana by 363.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company's stock valued at $44,000 after acquiring an additional 196 shares during the period. Finally, Summit Securities Group LLC increased its stake in shares of Carvana by 110.0% in the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company's stock worth $39,000 after purchasing an additional 3,300 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 208,495 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.43, for a total value of $46,792,532.85. Following the sale, the chief financial officer now directly owns 90,732 shares of the company's stock, valued at $20,362,982.76. The trade was a 69.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 75,000 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $135.73, for a total value of $10,179,750.00. Following the completion of the sale, the insider now owns 40,583,131 shares in the company, valued at $5,508,348,370.63. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,527,249 shares of company stock valued at $453,021,322 over the last quarter. Corporate insiders own 17.12% 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.