FY2026 EPS Estimates for Carvana Increased by William Blair

Carvana Co. (NYSE:CVNA) – William Blair boosted their FY2026 earnings per share estimates for Carvana in a research report issued on Tuesday, October 21st. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $8.12 for the year, up from their prior estimate of $7.51. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $2.85 per share.

A number of other research firms have also weighed in on CVNA. Wall Street Zen lowered Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. JMP Securities raised their target price on Carvana from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on shares of Carvana from $390.00 to $425.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Gordon Haskett initiated coverage on shares of Carvana in a report on Monday, July 14th. They set a “hold” rating and a $329.00 price objective on the stock. Finally, Oppenheimer raised shares of Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price objective on the stock in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $419.94.

Carvana Trading Up 4.3%

CVNA opened at $340.80 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. Carvana has a fifty-two week low of $148.25 and a fifty-two week high of $413.33. The firm has a market capitalization of $73.34 billion, a PE ratio of 85.41, a P/E/G ratio of 1.05 and a beta of 3.55. The company’s 50-day moving average is $363.65 and its 200 day moving average is $323.58.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. Carvana’s quarterly revenue was up 41.9% on a year-over-year basis.

Insider Activity at Carvana

In other news, insider Paul W. Breaux sold 15,000 shares of Carvana stock in a transaction on 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 sale, the insider directly owned 81,716 shares in the company, valued at $32,522,968. The trade was a 15.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ernest C. Garcia III sold 2,880 shares of Carvana stock in a transaction on 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 owned 350,000 shares in the company, valued at $124,316,500. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,498,292 shares of company stock worth $547,914,707. 17.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.