🔹 Revenue: $4.23B (Est. $3.98B) 🟢; +38% YoY
🔹 Adj. EBITDA: $488M (Est. $434.3M) 🟢; Margin: 11.5% 🟢
🔹 Retail Units Sold: 133,898; +46% YoY 🟢
Q2'25 Outlook
🔹 Expects sequential increase in: Retail Units Sold & Adj EBITDA
🔹 Guidance implies new all-time company records on both metrics
Q1 Operational Highlights
🔸 All-time record in Retail Units Sold
🔸 Record Net Income and Adjusted EBITDA
🔸 Highest NPS score in nearly 3 years
Strategic Long-Term Target
🔹 New Management Objective: 3 million retail units/year at 13.5% Adjusted EBITDA margin within 5–10 years
CEO Commentary – Ernie Garcia
🔸 “In Q1, Carvana set a new record for retail units while also driving record profitability and hitting our highest customer net promoter score in nearly three years.”
🔸 “We are incredibly well positioned... with very clear visibility to even stronger financial performance, much larger scales, and even better customer experiences.”