Carvana posts record profit as used-car demand remains robust.
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Carvana posts record profit as used-car demand remains robust. A 40% sales surge, falling debt costs and a string of CDJR acquisitions suggest Carvana is building something far bigger than a used-car website. On the Dash: * Carvana's Q1 revenue hit $6.43 billion, up 52% with 187,393 vehicles sold. * Rising reconditioning costs are cutting into what Carvana earns per car. * Carvana's seven franchise dealerships signal a direct push into new-car territory. Carvana reported record first-quarter revenue and profit on Wednesday, driven by a 40% surge in vehicle sales. The record quarter extends the online retailer's run as one of the used-car industry's fastest-growing players. Rising new-vehicle prices, which now average near $50,000, have pushed more buyers toward used cars, giving Carvana and the broader pre-owned market a sustained boost. By the numbers. The mostly online used-car retailer sold 187,393 vehicles in the first quarter, generating $6.43 billion in revenue, up 52% from a year earlier. Net income reached $405 million, compared with $373 million in Q1 2025. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed to $672 million. Operating income jumped to $581 million from $394 million a year earlier. The results extended Carvana's streak of 40% or greater year-over-year retail unit growth to six consecutive quarters. "The...
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Carvana says it is investing in labor training and AI-assisted workforce tools in response.
