Research Analysts Issue Forecasts for Carvana Q1 Earnings

Carvana Co. (NYSE:CVNA) – Equities researchers at William Blair issued their Q1 2025 earnings estimates for Carvana in a research report issued on Monday, January 6th. William Blair analyst S. Zackfia expects that the company will earn $0.48 per share for the quarter. The consensus estimate for Carvana’s current full-year earnings is $0.76 per share. William Blair also issued estimates for Carvana’s Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $3.67 EPS.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 31.8% on a year-over-year basis.

Several other research analysts also recently weighed in on the stock. Piper Sandler upped their target price on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Robert W. Baird upped their target price on shares of Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Citigroup upgraded shares of Carvana from a “neutral” rating to a “buy” rating and upped their target price for the company from $195.00 to $277.00 in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.94.

Carvana Price Performance

CVNA opened at $193.40 on Thursday. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana has a 52-week low of $40.21 and a 52-week high of $268.34. The company has a 50 day moving average of $234.92 and a two-hundred day moving average of $182.79. The company has a market cap of $40.16 billion, a P/E ratio of 19,359.36 and a beta of 3.38.

Hedge Funds Weigh In On Carvana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. Lingotto Investment Management LLP grew its holdings in Carvana by 1.4% during the second quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock valued at $486,143,000 after purchasing an additional 52,833 shares during the last quarter. State Street Corp grew its holdings in Carvana by 6.1% during the third quarter. State Street Corp now owns 1,877,511 shares of the company’s stock valued at $326,893,000 after purchasing an additional 107,610 shares during the last quarter. Geode Capital Management LLC grew its holdings in Carvana by 7.8% during the third quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock valued at $315,133,000 after purchasing an additional 131,059 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in shares of Carvana in the third quarter worth $162,953,000. Institutional investors own 56.71% of the company’s stock.

Insider Activity

In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $193.06, for a total value of $19,306,000.00. Following the completion of the sale, the insider now directly owns 38,058,131 shares of the company’s stock, valued at $7,347,502,770.86. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Benjamin E. Huston sold 3,043 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $240.00, for a total transaction of $730,320.00. Following the completion of the sale, the chief operating officer now directly owns 218,686 shares of the company’s stock, valued at $52,484,640. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 951,908 shares of company stock worth $199,569,285. Corporate insiders own 17.12% 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.