What is Zacks Research’s Forecast for Carvana Q2 Earnings?

Carvana Co. (NYSE:CVNA) – Analysts at Zacks Research lifted their Q2 2026 earnings per share estimates for shares of Carvana in a research note issued to investors on Wednesday, May 13th. Zacks Research analyst Team now anticipates that the company will earn $0.41 per share for the quarter, up from their prior estimate of $0.36. The consensus estimate for Carvana’s current full-year earnings is $1.32 per share. Zacks Research also issued estimates for Carvana’s Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.37 EPS, Q1 2027 earnings at $0.46 EPS, Q2 2027 earnings at $0.56 EPS, Q3 2027 earnings at $0.65 EPS, Q4 2027 earnings at $0.38 EPS, FY2027 earnings at $2.05 EPS, Q1 2028 earnings at $0.57 EPS and FY2028 earnings at $2.56 EPS.

Several other research analysts also recently commented on the stock. Barclays set a $93.00 price target on shares of Carvana and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC increased their target price on shares of Carvana from $100.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $107.40 target price on shares of Carvana in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Carvana from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group cut their price target on shares of Carvana from $97.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.14.

Carvana Stock Down 0.7%

Shares of CVNA opened at $69.41 on Friday. Carvana has a 1 year low of $54.46 and a 1 year high of $97.38. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. The stock has a 50 day simple moving average of $75.19 and a two-hundred day simple moving average of $77.09. The firm has a market cap of $76.14 billion, a P/E ratio of 42.22, a P/E/G ratio of 14.09 and a beta of 3.55.

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

Insider Transactions at Carvana

In other Carvana news, Director J Danforth Quayle sold 14,500 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $61.99, for a total transaction of $898,913.00. Following the completion of the sale, the director owned 209,565 shares of the company’s stock, valued at $12,991,772.61. This represents a 6.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $61.97, for a total transaction of $3,098,600.00. Following the completion of the sale, the chief operating officer directly owned 464,620 shares in the company, valued at approximately $28,793,430.64. This trade represents a 9.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 281,205 shares of company stock valued at $19,495,895. 15.19% of the stock is currently owned by insiders.

Institutional Trading of Carvana

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in Carvana by 8.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock valued at $7,481,081,000 after purchasing an additional 1,407,762 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Carvana by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock worth $7,082,804,000 after buying an additional 3,328,115 shares during the last quarter. State Street Corp increased its stake in shares of Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after buying an additional 2,764,759 shares during the period. Capital Research Global Investors increased its stake in shares of Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after buying an additional 1,711,144 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Carvana by 55.4% during the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after acquiring an additional 1,382,852 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research raised earnings estimates for Carvana across several future periods, including FY2027 to $2.05 per share and FY2028 to $2.56 per share, suggesting stronger long-term profitability expectations.
• Positive Sentiment: Barclays maintained an Overweight rating on Carvana and set a $93 price target, reinforcing a constructive view on the company’s retail volume trends after its stock split. Carvana Price Target Adjusted to $93 by Barclays as Retail Volumes Stay Solid Post Split
• Neutral Sentiment: Market commentary on whether Wall Street is bullish or bearish on Carvana adds to the attention around the name, but does not appear to introduce new company-specific fundamentals by itself. Carvana stock outlook: Is Wall Street bullish or bearish?
• Negative Sentiment: One earlier market note highlighted that Carvana shares were falling, showing the stock remains sensitive to sentiment and can give back gains quickly. Angi, Carvana, and Booking shares are falling, what you need to know

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.