:max_bytes(150000):strip_icc()/GettyImages-2202902388-4ada8ac5788c4d8d9f081bf5e7651ca9.jpg "Carvana Reports Earnings Later Today. Here’s How Much the Stock Is Expected to Move")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2202902388-4ada8ac5788c4d8d9f081bf5e7651ca9.jpg)
Key Takeaways
- Carvana is slated to report fourth-quarter earnings after the closing bell today, with traders expecting a big move in the used car dealer’s stock following the results.
- Analysts are widely bullish on the used car seller’s stock, despite its recent slide in the wake of a short-seller report critical of the company’s finances.
Carvana is set to report earnings after the market closes today, with traders expecting a big move in the online used car dealer’s stock following the results.
Based on recent options pricing, traders expect Carvana’s (CVNA) stock could swing up to 13.5% in either direction by the end of the week. A move of that magnitude from Tuesday’s close near $351 would lift Carvana shares to about $398. The low end of the range would see the stock slip below $304, its lowest point since last November.
Carvana has had a difficult start to 2026, as a short-seller report released last month sent the stock tumbling from its record highs. Carvana stock had rallied to end 2025 as it joined the S&P 500 and analysts laid out bullish visions for the company.
Why This Matters to Investors
Carvana has become one of the leading used-car marketplaces in the U.S., sending its stock to record highs in January. However, its stock has taken a hit recently in the wake of a critical short-seller report.
JPMorgan analysts said the basis of the short-seller report appeared to include an incorrect reading of some of Carvana’s finances by the authors, leading to a “significant misrepresentation of facts.” The analysts recently lifted their price target for Carvana to $510 from $490, and said they expect the company to report strong sales growth for the fourth quarter that could carry through to the first quarter of 2026.
Carvana is projected to report a 48% year-over-year jump in revenue to $5.25 billion, while earnings per share are seen rising to $1.01 from 56 cents the same time a year ago.
Analysts have stayed bullish on Carvana stock despite the recent slump, with 12 of the 13 analysts with current ratings tracked by Visible Alpha calling the company a “buy,” with just one “hold” rating. Their mean target of $500 would suggest 40% upside from Tuesday’s close.
The shares, which were up about 4% in recent trading ahead of the company’s earnings report, have lost about 15% since the start of the year.
