William Blair Comments on Carvana’s Q3 Earnings (NYSE:CVNA)

Carvana Co. (NYSE:CVNA) – Analysts at William Blair raised their Q3 2025 earnings estimates for shares of Carvana in a research report issued to clients and investors on Tuesday, October 21st. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $1.49 per share for the quarter, up from their previous estimate of $1.44. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $2.85 per share. William Blair also issued estimates for Carvana’s Q4 2025 earnings at $1.26 EPS and FY2025 earnings at $5.80 EPS.

A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a report on Tuesday. Royal Bank Of Canada lifted their price target on Carvana from $400.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Evercore ISI lifted their price target on Carvana from $365.00 to $370.00 and gave the company an “in-line” rating in a report on Tuesday, August 12th. Needham & Company LLC lifted their price target on Carvana from $340.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Gordon Haskett began coverage on Carvana in a report on Monday, July 14th. They issued a “hold” rating and a $329.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $419.94.

Carvana Stock Down 8.0%

Shares of NYSE:CVNA opened at $327.48 on Thursday. Carvana has a 52 week low of $148.25 and a 52 week high of $413.33. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00. The company’s fifty day moving average is $363.70 and its 200-day moving average is $322.39. The company has a market capitalization of $70.47 billion, a PE ratio of 82.08, a P/E/G ratio of 1.16 and a beta of 3.55.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year.

Insider Activity

In other Carvana news, insider Paul W. Breaux sold 15,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $398.00, for a total transaction of $5,970,000.00. Following the completion of the sale, the insider directly owned 81,716 shares of the company’s stock, valued at approximately $32,522,968. The trade was a 15.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernest C. Garcia III sold 2,880 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $355.19, for a total value of $1,022,947.20. Following the sale, the chief executive officer directly owned 350,000 shares of the company’s stock, valued at $124,316,500. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,558,292 shares of company stock worth $567,999,107. Corporate insiders own 17.12% of the company’s stock.

Institutional Trading of Carvana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Carvana by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock worth $3,125,749,000 after purchasing an additional 1,823,218 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Carvana by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,764,230 shares of the company’s stock worth $4,301,035,000 after buying an additional 229,387 shares during the period. State Street Corp grew its position in shares of Carvana by 15.0% during the 2nd quarter. State Street Corp now owns 2,765,046 shares of the company’s stock worth $931,710,000 after buying an additional 361,624 shares during the period. Geode Capital Management LLC grew its position in shares of Carvana by 11.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock worth $750,301,000 after buying an additional 221,161 shares during the period. Finally, Sands Capital Management LLC grew its position in shares of Carvana by 1,374.3% during the 2nd quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock worth $303,677,000 after buying an additional 840,096 shares during the period. 56.71% of the stock is owned by institutional investors.

Carvana Company Profile

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.