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Carvana posts 40% sales growth, plans to scale used car sales to 3 million units by 2030-35

Analyst Insights
30 Apr 2026
Seeking Alpha
View Source
Bullish
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Carvana is experiencing rapid growth, outpacing the used car industry with approximately 40% unit sales growth and strong first-quarter results. The company’s reconditioning capacity and completed capital expenditures support scaling operations to 1.5 million units annually, with potential to expand to 3 million units using additional real estate. Despite a premium valuation at 31.3 times EV/FY26 EBITDA, Carvana’s long-term targets include selling 3 million units annually with a 13.5% adjusted EBITDA margin by 2030-2035, supporting a 'growth at a reasonable price' investment thesis. The company’s aggressive growth and margin expansion plans underpin a reiterated 'Buy' rating.

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