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Carvana (CVNA) Ascends While Market Falls: Some Facts to Note
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Carvana (CVNA - Free Report) ended the recent trading session at $60.39, demonstrating a +1.48% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.02% for the day. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.15%.
The company's stock has dropped by 16.03% in the past month, falling short of the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.05%.
Market participants will be closely following the financial results of Carvana in its upcoming release. The company plans to announce its earnings on October 28, 2026. On that day, Carvana is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 133.33%. Simultaneously, our latest consensus estimate expects the revenue to be $7.62 billion, showing a 34.95% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.67 per share and a revenue of $28.97 billion, signifying shifts of -1.18% and +42.56%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Carvana. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. As of now, Carvana holds a Zacks Rank of #4 (Sell).
Investors should also note Carvana's current valuation metrics, including its Forward P/E ratio of 35.55. This signifies a premium in comparison to the average Forward P/E of 15.29 for its industry.
Also, we should mention that CVNA has a PEG ratio of 1.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Internet - Commerce industry stood at 1.24 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Carvana (CVNA) Ascends While Market Falls: Some Facts to Note
Carvana (CVNA - Free Report) ended the recent trading session at $60.39, demonstrating a +1.48% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.02% for the day. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.15%.
The company's stock has dropped by 16.03% in the past month, falling short of the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.05%.
Market participants will be closely following the financial results of Carvana in its upcoming release. The company plans to announce its earnings on October 28, 2026. On that day, Carvana is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 133.33%. Simultaneously, our latest consensus estimate expects the revenue to be $7.62 billion, showing a 34.95% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.67 per share and a revenue of $28.97 billion, signifying shifts of -1.18% and +42.56%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Carvana. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. As of now, Carvana holds a Zacks Rank of #4 (Sell).
Investors should also note Carvana's current valuation metrics, including its Forward P/E ratio of 35.55. This signifies a premium in comparison to the average Forward P/E of 15.29 for its industry.
Also, we should mention that CVNA has a PEG ratio of 1.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Internet - Commerce industry stood at 1.24 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.