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Carvana Q1 sales jump 40%, beats earnings and revenue estimates, shares rise 10%

Company Fundamentals
29 Apr 2026
CNBC
View Source
Bullish
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Carvana reported record first-quarter results, with retail sales rising 40% to 187,393 units and revenue increasing 52% to $6.43 billion, surpassing Wall Street expectations. Earnings per share came in at $1.69, beating the $1.43 estimate, while net income rose to $405 million from $373 million a year earlier. The company expects continued growth in retail sales and adjusted EBITDA in the second quarter, aiming for all-time records. Following the report, Carvana's shares jumped as much as 10% in after-hours trading.

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