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Carvana posts 52% revenue growth in Q1, beats estimates, and raises optimistic long-term sales and profit targets.

Company Fundamentals
30 Apr 2026
Seeking Alpha
View Source
Bullish
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Carvana reported a strong first quarter with revenue up 52% year-over-year, surpassing analyst expectations by $322 million. Despite a decline in gross profit per unit, the company improved its sales and administrative efficiency and delivered earnings per share of $1.69, beating consensus estimates. Management projects record retail unit sales and adjusted EBITDA for the second quarter and has set ambitious long-term goals of selling 3 million retail units and achieving a 13.5% adjusted EBITDA margin by 2030-2035. With its stock valuation near multiyear lows and a favorable risk/reward outlook, the company remains an attractive buy according to the analyst.

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