Carvana Reports Record Growth and Profitability in Q1 2025

Carvana ( (CVNA) ) has released its Q1 earnings. Here is a breakdown of the information Carvana presented to its investors.

Carvana Co. is a leading e-commerce platform specializing in the buying and selling of used cars, recognized for its innovative approach to automotive retailing. In its latest earnings report for the first quarter of 2025, Carvana announced record-breaking results, showcasing substantial growth and profitability. The company reported a 46% year-over-year increase in retail units sold, reaching nearly 134,000 units, and achieved a record net income of $373 million, with an impressive net income margin of 8.8%. Carvana’s revenue rose to $4.232 billion, marking a 38% increase from the previous year, while its adjusted EBITDA margin reached 11.5%, positioning it as the most profitable automotive retailer by this metric. The company’s strategic focus on efficiency and customer experience has driven these results, with significant improvements in unit economics and operational processes. Looking ahead, Carvana is optimistic about its growth trajectory, aiming to sell 3 million retail units annually at a 13.5% adjusted EBITDA margin within the next 5 to 10 years. This ambitious goal reflects Carvana’s confidence in its scalable business model and its commitment to enhancing customer experiences while maintaining profitability.