Zacks Research Issues Positive Estimate for Carvana Earnings

Posted by Francis Steltz on Aug 14th, 2026

Carvana Co. (NYSE:CVNA – Free Report) – Stock analysts at Zacks Research raised their Q1 2027 EPS estimates for shares of Carvana in a report issued on Tuesday, August 11th. Zacks Research analyst Team now forecasts that the company will earn $0.50 per share for the quarter, up from their previous estimate of $0.47. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $1.67 per share. Zacks Research also issued estimates for Carvana’s Q2 2027 earnings at $0.59 EPS, Q3 2027 earnings at $0.68 EPS, Q4 2027 earnings at $0.47 EPS, FY2027 earnings at $2.25 EPS and Q2 2028 earnings at $0.81 EPS.

Other research analysts also recently issued research reports about the company. Robert W. Baird set a $72.00 price target on Carvana in a report on Thursday, July 30th. Wells Fargo & Company set a $80.00 price objective on Carvana and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Jefferies Financial Group decreased their price objective on Carvana from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada set a $82.00 target price on Carvana and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, UBS Group reiterated a “buy” rating and issued a $83.00 target price on shares of Carvana in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.14.

View Our Latest Analysis on Carvana

Carvana Price Performance

CVNA opened at $73.75 on Friday. The firm has a market capitalization of $81.16 billion, a P/E ratio of 40.79, a PEG ratio of 2.64 and a beta of 3.46. The stock has a fifty day moving average of $67.05 and a 200-day moving average of $69.32. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. Carvana has a 12-month low of $54.46 and a 12-month high of $97.38.

Carvana (NYSE:CVNA – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The firm had revenue of $7.38 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter last year, the business posted $1.51 EPS. The company’s revenue was up 52.4% on a year-over-year basis.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Carvana by 8.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock worth $7,481,081,000 after acquiring an additional 1,407,762 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Carvana by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after buying an additional 3,328,115 shares during the last quarter. State Street Corp lifted its stake in shares of Carvana by 93.7% in 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 grew its position in Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock worth $2,405,959,000 after buying an additional 1,711,144 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Carvana by 55.4% in the 4th 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. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Activity at Carvana

In other news, Director J Danforth Quayle sold 14,525 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $70.00, for a total value of $1,016,750.00. Following the completion of the sale, the director directly owned 214,960 shares in the company, valued at approximately $15,047,200. The trade was a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $68.34, for a total transaction of $4,356,675.00. Following the sale, the chief financial officer directly owned 1,029,580 shares of the company’s stock, valued at approximately $70,361,497.20. This represents a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 391,372 shares of company stock valued at $26,555,789. 15.19% of the stock is owned by company insiders.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

Positive Sentiment: Zacks Research raised multiple earnings estimates. Forecasts increased for Q3 2026 EPS to $0.48 from $0.39 and FY2026 EPS to $1.63 from $1.51. Estimates for FY2027 also rose to $2.25 from $1.99, with increases across Q1-Q4 2027 and Q2 2028. The revisions suggest analysts see stronger future profitability, although Zacks retained a “Hold” rating. Zacks Research estimates for Carvana
Positive Sentiment: Debt refinancing should reduce interest costs and extend maturities. Carvana priced a $1.66 billion senior secured term loan, which it plans to use to redeem its 9% senior secured notes due 2030. The transaction is expected to lower annual cash interest expense by approximately $45 million over the next four years, improving cash flow and balance-sheet flexibility. Carvana’s reported net debt was approximately 1.0 times trailing-12-month adjusted EBITDA. Carvana refinancing article
Neutral Sentiment: Analyst valuation remains supportive but more cautious. One updated fair-value estimate fell from about $89.83 to $82.83. That target remains above the stock’s indicated price, but the reduction reflects tighter valuation expectations and continued execution risk. Carvana fair value estimate article
Negative Sentiment: Some longer-term estimates were trimmed. Zacks reduced Q1 2028 EPS to $0.68 from $0.77 and FY2028 EPS slightly to $3.24 from $3.25. These cuts are modest but temper the otherwise stronger near- and medium-term earnings outlook.

About Carvana

(Get Free Report)

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.