Zacks Research Brokers Lift Earnings Estimates for Carvana

Carvana Co. (NYSE:CVNA) – Equities researchers at Zacks Research upped their Q1 2026 earnings per share estimates for shares of Carvana in a research report issued to clients and investors on Monday, January 5th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.96 for the quarter, up from their previous estimate of $1.89. Zacks Research currently 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 $2.06 EPS, Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $7.36 EPS, Q2 2027 earnings at $3.05 EPS and Q3 2027 earnings at $3.24 EPS.

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

A number of other equities research analysts also recently weighed in on CVNA. Morgan Stanley reissued an “overweight” rating on shares of Carvana in a research note on Thursday. Bank of America upped their target price on shares of Carvana from $385.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, December 8th. DA Davidson set a $360.00 price target on Carvana in a research report on Thursday, October 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $460.00 price objective on shares of Carvana in a research note on Thursday, October 30th. Finally, Stephens reiterated an “overweight” rating and issued a $440.00 price objective on shares of Carvana in a report on Tuesday, September 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Carvana has an average rating of “Moderate Buy” and a consensus target price of $451.14.

Carvana Stock Performance

Carvana stock opened at $442.78 on Wednesday. The company has a market cap of $96.32 billion, a PE ratio of 101.09, a PEG ratio of 1.07 and a beta of 3.54. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. Carvana has a 1 year low of $148.25 and a 1 year high of $485.33. The company’s 50-day moving average is $388.43 and its two-hundred day moving average is $366.17.

Insiders Place Their Bets

In related news, insider Paul W. Breaux sold 1,527 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $475.00, for a total transaction of $725,325.00. Following the sale, the insider owned 69,289 shares of the company’s stock, valued at approximately $32,912,275. This trade represents a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Stephen R. Palmer sold 1,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $419.48, for a total value of $419,480.00. Following the completion of the sale, the vice president owned 38,744 shares of the company’s stock, valued at $16,252,333.12. This trade represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 466,452 shares of company stock worth $191,565,331 over the last 90 days. 17.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Hilltop National Bank bought a new stake in shares of Carvana during the second quarter worth $25,000. ORG Partners LLC boosted its stake in Carvana by 8,700.0% in the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares during the period. Washington Trust Advisors Inc. acquired a new position in Carvana in the 3rd quarter worth $38,000. Steigerwald Gordon & Koch Inc. bought a new position in Carvana during the 3rd quarter worth about $38,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the period. Institutional investors own 56.71% of the company’s stock.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research materially raised multi-quarter and multi‑year EPS forecasts (examples: FY2026 to $7.36 and FY2027 to $11.06, and higher Q1–Q3 2027 quarterly estimates), signaling expectations for stronger future profitability (Zacks still rates CVNA “Hold”).
• Positive Sentiment: Jefferies issued a Buy on CVNA, providing a separate analyst vote of confidence that can support upward pressure on the stock. Article Title
• Neutral Sentiment: Coverage pieces questioning whether to buy/sell/hold after Q3 earnings are circulating — useful context but not a clear directional catalyst by itself. Article Title
• Negative Sentiment: Zacks trimmed its Q4 2026 EPS view (from $1.48 to $1.29), a reminder of near‑term volatility in quarterly results despite longer‑run upward revisions.
• Negative Sentiment: Insider Benjamin Huston sold 10,000 shares, which can be interpreted by some investors as a negative signal about near‑term insider conviction. Article Title
• Negative Sentiment: Gordon Haskett published a pessimistic forecast for CVNA’s share price, adding to negative analyst narratives that can pressure sentiment. Article Title

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.