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Carma Limited ( (AU:CMA) ) has provided an announcement.
Carma Limited reported strong growth for the half year to 31 December 2025, with total vehicle deliveries up 49% to 2,225 units and revenue rising 34% to $50.9 million. Gross profit more than doubled to $4.7 million and adjusted EBITDA margin improved by 600 basis points, although the business remains loss-making at the EBITDA level.
Performance was driven by rapid expansion of the Sell-to Carma sourcing channel, which supplied 85% of purchased vehicles and supported a 240% surge in wholesale revenue. Upgrades at the St Peters reconditioning facility sharply lifted throughput and are expected to underpin further scaling toward a significantly higher annual unit capacity, while a strengthened cash position of $58.3 million gives the company runway to pursue its ambition to be a leading pre‑owned car destination in Australia.
The most recent analyst rating on (AU:CMA) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Carma Limited stock, see the AU:CMA Stock Forecast page.
More about Carma Limited
Carma Limited is an Australian online used-car retailer focused on the pre‑owned vehicle market, operating both retail and wholesale channels. The company sources predominantly direct from consumers through its Sell-to Carma offering and relies on an in-house reconditioning facility at St Peters to prepare vehicles for sale nationwide.
Average Trading Volume: 90,369
Learn more about CMA stock on TipRanks’ Stock Analysis page.