Carvana is delivering rapid growth, outpacing the used car industry with ~40% unit sales growth and strong Q1 results. CVNA's reconditioning capacity and completed capex support scaling to 1.5 million units annually, with further real estate available for expansion to 3 million units (vs. ~750k run rate today). Despite a premium valuation—31.3x EV/FY26 EBITDA—the company's secular growth and margin expansion targets support a 'growth at a reasonable price' thesis.
Although the revenue and EPS for Carvana (CVNA) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Carvana (CVNA) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.51 per share a year ago.
Carvana jumped reported record results during the first quarter that topped Wall Street's expectations. The online used car retailer reported retail sales of 187,393 units, a 40% increase compared with a year earlier.
Here's our live video where we'll be taking questions and reacting to all of tonight's earnings live.
Shares of Carvana (NYSE:CVNA | CVNA Price Prediction) are trading around $400 Tuesday morning, off about 2% on the session.
Get a deeper insight into the potential performance of Carvana (CVNA) for the quarter ended March 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
In the latest trading session, Carvana (CVNA) closed at $403.02, marking a -3.3% move from the previous day.
Investors are watching Carvana (NYSE: CVNA | CVNA Price Prediction) ahead of Q1 2026 results due after the close on Wednesday, April 29, 2026.
Carvana (CVNA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Carvana (NYSE:CVNA) stock is up 7% in Friday trading, rising from $362.24 to $387, as two catalysts collide: a fresh partnership with auto insurer Root (NASDAQ:ROOT) and a blowout earnings report that's still fueling momentum weeks after it dropped.
Carvana (CVNA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.