Carvana (CVNA) Set to Post Quarterly Earnings on Wednesday

Carvana (NYSE:CVNA) will likely be issuing its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.4420 per share and revenue of $7.70 billion for the quarter. Investors can check the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 5:30 PM ET.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The business had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter in the previous year, the business posted $1.51 earnings per share. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. On average, analysts expect Carvana to post $1.63 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.

Carvana Stock Down 0.1%

Shares of NYSE CVNA opened at $57.76 on Monday. The company has a current ratio of 3.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.94. Carvana has a 12 month low of $54.46 and a 12 month high of $97.38. The firm has a market capitalization of $63.56 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 1.71 and a beta of 3.55. The firm has a fifty day simple moving average of $66.59 and a two-hundred day simple moving average of $68.48.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley set a $88.00 price target on shares of Carvana and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Oppenheimer set a $90.00 price objective on Carvana and gave the company an “outperform” rating in a research report on Wednesday, September 30th. Hovde Group upped their target price on Carvana from $39.50 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Jefferies Financial Group set a $88.00 target price on Carvana and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $80.00 target price on shares of Carvana in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.83.

Insider Transactions at Carvana

In related news, VP Stephen Palmer sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $61.64, for a total value of $308,200.00. Following the sale, the vice president owned 120,865 shares in the company, valued at $7,450,118.60. This represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Jenkins sold 63,750 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $61.64, for a total value of $3,929,550.00. Following the completion of the sale, the chief financial officer owned 1,142,502 shares in the company, valued at $70,423,823.28. The trade was a 5.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 358,161 shares of company stock worth $24,164,285. Company insiders own 15.19% of the company’s stock.

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.