Carvana (NYSE:CVNA) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Carvana (NYSE:CVNA) announced its quarterly earnings results on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05), FiscalAI reports. The company had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $7.71 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%.

Carvana Trading Down 0.8%

Shares of NYSE CVNA traded down $0.48 during trading hours on Wednesday, hitting $58.75. 16,710,882 shares of the company traded hands, compared to its average volume of 12,993,746. The company’s 50 day moving average price is $66.01 and its 200 day moving average price is $69.80. Carvana has a 12 month low of $54.46 and a 12 month high of $97.38. The stock has a market capitalization of $64.66 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 1.71 and a beta of 3.55. The company has a current ratio of 3.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.94.

Insider Buying and Selling

In other news, Director J Quayle sold 14,525 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $75.00, for a total value of $1,089,375.00. Following the sale, the director owned 214,960 shares of the company’s stock, valued at approximately $16,122,000. This represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stephen Palmer sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $61.64, for a total transaction of $308,200.00. Following the completion of the sale, the vice president owned 120,865 shares of the company’s stock, valued at $7,450,118.60. This trade represents a 3.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 358,161 shares of company stock valued at $24,164,285 over the last 90 days. 15.19% of the stock is currently owned by insiders.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana reported record quarterly revenue of $8.04 billion, above analysts’ $7.71 billion forecast. Vehicle sales increased nearly 40% year over year, reflecting strong demand for used vehicles. Carvana Profit Soars as Vehicle Sales Climb Nearly 40%
• Positive Sentiment: The company posted approximately $289 million in profit, while its record sales performance beat revenue expectations. The results suggest Carvana continues to gain scale in the online used-car market. Carvana Announces Record Third Quarter 2026 Results
• Neutral Sentiment: Management’s growth was supported by higher retail volumes, but investors are focused on whether Carvana can sustain profitability as it expands sales. Analysts had highlighted margins as the key issue ahead of the report. Carvana Bull Cliff Sosin Sees Few Scenarios Where It Works Out Really Badly
• Negative Sentiment: Adjusted EPS was $0.39, missing the consensus estimate of $0.44. Lower gross profit per vehicle and softer GPU-related profitability indicate that rising volume is putting pressure on margins. Carvana Beats Revenue Estimates as Record Sales Offset Lower GPU Profits
• Negative Sentiment: The earnings miss and margin contraction outweighed the revenue beat for some investors, raising concerns about valuation and the sustainability of Carvana’s earnings growth. Carvana Reaches Sales Milestone but Earnings Come in Short

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CVNA shares. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Carvana in a research report on Thursday, July 30th. Royal Bank Of Canada set a $82.00 price target on Carvana and gave the company an “outperform” rating in a research note on Thursday, July 30th. Citizens Jmp reduced their price objective on Carvana from $103.00 to $83.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Hovde Group upped their price objective on Carvana from $39.50 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Finally, Oppenheimer set a $90.00 target price on Carvana and gave the company an “outperform” rating in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.83.

About Carvana

Carvana Co (NYSE: CVNA) is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.