What is Zacks Research’s Forecast for Carvana Q1 Earnings?

Carvana Co. (NYSE:CVNA) – Analysts at Zacks Research boosted their Q1 2027 EPS estimates for shares of Carvana in a research note issued on Tuesday, June 9th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.50 for the quarter, up from their previous estimate of $0.48. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Carvana’s current full-year earnings is $1.58 per share. Zacks Research also issued estimates for Carvana’s Q3 2027 earnings at $0.63 EPS, FY2027 earnings at $2.12 EPS, Q1 2028 earnings at $0.84 EPS and FY2028 earnings at $3.35 EPS.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.37. Carvana had a net margin of 6.40% and a return on equity of 41.46%. The firm had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion.

Other analysts also recently issued research reports about the stock. Citigroup reaffirmed an “outperform” rating on shares of Carvana in a research report on Friday, May 1st. DA Davidson raised their price objective on shares of Carvana from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research report on Friday, March 13th. Argus reduced their price objective on shares of Carvana from $500.00 to $100.00 in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Carvana in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and an average target price of $93.14.

Carvana Stock Up 0.3%

Carvana stock opened at $69.68 on Wednesday. The firm has a market cap of $76.43 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 11.72 and a beta of 3.45. Carvana has a 52-week low of $54.46 and a 52-week high of $97.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The firm has a 50 day moving average price of $70.84 and a two-hundred day moving average price of $75.17.

Hedge Funds Weigh In On Carvana

Several large investors have recently bought and sold shares of the stock. Gavilan Investment Partners LLC purchased a new position in shares of Carvana during the third quarter worth about $26,030,000. Intech Investment Management LLC lifted its position in Carvana by 301.4% in the 3rd quarter. Intech Investment Management LLC now owns 7,230 shares of the company’s stock worth $2,727,000 after buying an additional 5,429 shares during the last quarter. TD Asset Management Inc lifted its position in Carvana by 5.2% in the 3rd quarter. TD Asset Management Inc now owns 133,811 shares of the company’s stock worth $50,479,000 after buying an additional 6,643 shares during the last quarter. Picton Mahoney Asset Management lifted its position in Carvana by 581.4% in the 3rd quarter. Picton Mahoney Asset Management now owns 16,491 shares of the company’s stock worth $6,220,000 after buying an additional 14,071 shares during the last quarter. Finally, Sands Capital Management LLC lifted its position in Carvana by 87.7% in the 3rd quarter. Sands Capital Management LLC now owns 1,691,515 shares of the company’s stock worth $638,107,000 after buying an additional 790,288 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Carvana news, 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen R. Palmer sold 5,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $70.42, for a total value of $352,100.00. Following the transaction, the vice president owned 152,955 shares in the company, valued at approximately $10,771,091.10. This trade represents a 3.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 386,287 shares of company stock valued at $27,022,696 in the last 90 days. Insiders own 15.19% of the company’s stock.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research upgraded Carvana to Strong-Buy, which can support investor confidence in the stock’s outlook. Zacks upgrade report
• Positive Sentiment: The firm raised earnings estimates for Q1 2027, FY2027, Q1 2028, and FY2028, signaling expectations for improving long-term profitability. Carvana stock page
• Positive Sentiment: Carvana recently beat quarterly expectations with $1.69 EPS versus $0.32 expected and revenue of $6.43 billion versus $6.12 billion estimated, reinforcing the turnaround narrative. Carvana earnings reference
• Neutral Sentiment: One insider, Thomas Taira, sold 5,597 shares under a pre-arranged trading plan; the sale is worth noting but does not necessarily indicate a change in the company’s fundamentals. Insider trading details
• Neutral Sentiment: Some broader commentary is focused on Carvana’s post-split accessibility and renewed visibility after its 5-for-1 stock split, which may help trading interest but is not a direct business catalyst. Stock split article
• Negative Sentiment: The same analyst update slightly trimmed Q3 2027 EPS to $0.63 from $0.64, a small caution that future quarters may not rise in a straight line. Carvana analyst estimates

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.