Carvana Co. (CVNA) beat expectations in Q2 FY2026 on revenue of $7.4B versus the $6.9B estimate (+52.4% YoY) and EPS of $0.42. The next Carvana Co. (CVNA) earnings date is Oct 28, 2026. Below is the full Carvana Co. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Carvana Co. (CVNA) Earnings Analysis — key stats
Next earnings date
Oct 28, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Beat
EPS beat rate
4 of last 8 (quarters above estimate)
Avg next-day move
±11.0% (over the last 8 reports)
Post-earnings direction
Up 3 / Down 5 (of the last 8 reports)
Implied move (next report)
±30.6% (options-derived · into Oct 28, 2026)
Institutional ownership
113.3% (13F as of 2026-06-30)
Top 10 holders
57.2% (of shares outstanding)
Insider activity
5 buys / 7 sells (recent Form 4 filings)
Revenue
$7.4B (vs $6.9B est · +6.9% surprise · +52.4% YoY)
EPS
$0.42 (vs $0.39 est · +8.6% surprise · +59.3% YoY)
Share price
$72.31 (+3.4%)
Market cap
$79.3B
Carvana Co. (CVNA) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$7.4B vs $6.9B est
$0.42 vs $0.39 est
+8.6%
-7.0%
Beat
Q2 FY2026
$6.4B vs $6.1B est
$0.34 vs $0.32 est
+7.4%
-2.6%
Beat
Q1 FY2026
$5.6B vs $5.3B est
$0.84 vs $0.23 est
+265.2%
-5.2%
Beat
Q4 FY2025
$5.6B vs $5.1B est
$0.21 vs $0.27 est
-22.2%
-15.8%
Mixed
Q3 FY2025
$4.8B vs $4.6B est
$0.26 vs $0.23 est
+11.4%
+15.9%
Beat
Q2 FY2025
$4.2B vs $4.0B est
$0.30 vs $0.73 est
-59.1%
+10.3%
Mixed
Q1 FY2025
$3.5B vs $3.3B est
$0.11 vs $0.29 est
-61.9%
-13.0%
Mixed
Q4 FY2024
$3.7B vs $3.5B est
$0.13 vs $0.23 est
-43.5%
+18.5%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Price T Rowe Associates INC /Md/
11.9%
84.7M
$5.6B
+376.3%
Capital Research Global Investors
8.9%
63.4M
$4.2B
+484.5%
Blackrock, INC.
6.8%
48.5M
$3.2B
+320.5%
Vanguard Capital Management LLC
6.4%
45.6M
$3.0B
+406.9%
Fmr LLC
4.7%
33.6M
$2.2B
+351.3%
Vanguard Portfolio Management LLC
4.5%
32.2M
$2.1B
+406.6%
State Street Corp
4.1%
29.4M
$1.9B
+417.1%
Citigroup INC
3.5%
25.0M
$1.6B
+316.5%
Capital International Investors
3.3%
23.3M
$1.5B
+598.9%
Cas Investment Partners, LLC
3.2%
22.6M
$1.5B
+396.8%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
PLATT IRA J.
director
2026-08-14
Buy
15K
$45000
PLATT IRA J.
director
2026-08-13
Sell
15K
$1.1M
PLATT IRA J.
director
2026-08-14
Sell
15K
$1.1M
PLATT IRA J.
director
2026-08-13
Sell
15K
$45000
PLATT IRA J.
director
2026-08-14
Sell
15K
$45000
QUAYLE J DANFORTH
director
2026-08-14
Buy
15K
$43575
QUAYLE J DANFORTH
director
2026-08-14
Sell
15K
$1.1M
QUAYLE J DANFORTH
director
2026-08-14
Sell
15K
$43575
What you'll find
Next Carvana Co. (CVNA) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Carvana Co. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Carvana Co. (CVNA)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Carvana Co.'s next earnings date?
Carvana Co.'s (CVNA) next scheduled earnings date is Oct 28, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Carvana Co. (CVNA) beat or miss earnings?
In Q2 FY2026, Carvana Co. (CVNA) posted beat results — revenue of $7.4B versus the $6.9B estimate (+6.9% surprise) and EPS of $0.42 versus $0.39 expected (+8.6% surprise). Magnisto decodes every Carvana Co. (CVNA) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Carvana Co. beat earnings estimates?
Over its last 8 reported quarters, Carvana Co. (CVNA) beat Wall Street EPS estimates 4 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Carvana Co. (CVNA) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Carvana Co. stock move after earnings?
Over its last 8 quarterly reports, Carvana Co. (CVNA) moved an average of ±11.0% the day after earnings — ranging from -15.8% (Q4 FY2025) to +18.5% (Q4 FY2024). The stock rose after 3 of those 8 reports and fell after 5. Heading into its next report on Oct 28, 2026, options-implied volatility is pricing in a move of roughly ±30.6% (derived). Magnisto tracks the realized post-earnings move for every Carvana Co. (CVNA) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Carvana Co.?
Institutions hold about 113.3% of Carvana Co.'s (CVNA) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Price T Rowe Associates INC /Md/ (11.9%), Capital Research Global Investors (8.9%), Blackrock, INC. (6.8%). Magnisto lists Carvana Co.'s (CVNA) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Carvana Co. (CVNA)?
In the most recent Form 4 filings Magnisto tracks, Carvana Co. (CVNA) insiders recorded 5 purchases and 7 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Carvana Co. (CVNA) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Carvana Co. (CVNA), anchored to the current $72.31 share price, so you can weigh the bull, base and bear cases for Carvana Co. side by side.
Is Carvana Co. (CVNA) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Carvana Co. fits your own thesis and risk profile. This is research, not investment advice.