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2w ago

Carvana Surpasses Q1 Expectations with Record Profitability and Sales Growth

The used car retailer delivered $4.23 billion in revenue, a 46% increase in unit sales, and achieved its long-term EBITDA margin goal years ahead of schedule.

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A Carvana car vending machine on July 19, 2023 in Daly City, Calif.
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Overview

  • Carvana posted record Q1 2025 results, with $4.23 billion in revenue, exceeding Wall Street's forecast of $3.98 billion.
  • The company reported earnings per share of $1.51, more than double the expected $0.67, and net income of $373 million.
  • Unit sales surged 46% year over year, reaching nearly 134,000 vehicles, driven by strong demand for used cars.
  • Carvana achieved an 11.5% adjusted EBITDA margin, meeting its long-term profitability target years earlier than projected.
  • CEO Ernie Garcia cited automotive tariffs as a potential driver of increased demand for used vehicles, benefiting Carvana's business model.