Zacks Research Has Optimistic Outlook of Carvana Q1 Earnings

Carvana Co. (NYSE:CVNA) – Equities researchers at Zacks Research upped their Q1 2026 earnings per share (EPS) estimates for shares of Carvana in a research report issued to clients and investors on Wednesday, November 12th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.89 per share for the quarter, up from their previous forecast of $1.66. Zacks Research has a “Hold” rating on the stock. 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 $1.90 EPS, FY2026 earnings at $7.01 EPS, Q2 2027 earnings at $2.86 EPS and FY2027 earnings at $9.79 EPS.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. The firm’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS.

CVNA has been the subject of several other research reports. Evercore ISI dropped their price objective on shares of Carvana from $425.00 to $395.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. Oppenheimer upgraded Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price target for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Barclays initiated coverage on Carvana in a research report on Tuesday. They set an “overweight” rating and a $390.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on Carvana from $390.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.16.

Carvana Price Performance

Shares of CVNA stock traded down $9.48 on Thursday, hitting $318.71. 688,518 shares of the company’s stock were exchanged, compared to its average volume of 3,821,745. The company has a 50 day moving average of $354.03 and a 200 day moving average of $336.56. The stock has a market cap of $69.33 billion, a P/E ratio of 72.53, a price-to-earnings-growth ratio of 1.18 and a beta of 3.50. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. Carvana has a 12 month low of $148.25 and a 12 month high of $413.33.

Insider Buying and Selling

In related news, insider Thomas Taira sold 952 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $325.00, for a total value of $309,400.00. Following the transaction, the insider directly owned 116,507 shares in the company, valued at $37,864,775. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan S. Keeton sold 10,000 shares of Carvana stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $325.03, for a total transaction of $3,250,300.00. Following the transaction, the insider owned 104,958 shares of the company’s stock, valued at $34,114,498.74. This represents a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 436,452 shares of company stock worth $158,184,083 over the last ninety days. 17.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carvana

Several large investors have recently added to or reduced their stakes in CVNA. Hilltop National Bank purchased a new stake in Carvana in the 2nd quarter valued at $25,000. Brooklyn Investment Group boosted its holdings in Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after purchasing an additional 125 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Carvana in the 1st quarter worth about $33,000. ORG Partners LLC increased its position in shares of Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after acquiring an additional 87 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of Carvana by 960.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 96 shares during the period. Institutional investors own 56.71% of the company’s stock.

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.