Carvana stock pops as used car retailer reports record first-quarter results

Carvana jumped reported record results during the first quarter that topped Wall Street’s expectations. This also touches on aspects of investors.

The online used car retailer reported retail sales of 187,393 units, a 40% growth compared with a year earlier.

Carvana stock jumped as much as 10% in extended trading.

Shares of Carvana jumped by as much as 10% in extended trading after the organization reported record results during the first quarter that topped Wall Street’s expectations.

Here’s how the business performed in the first quarter, compared with average estimates compiled by LSEG:

Revenue: $6.43 billion vs. $6.08 billion expected

The online used car retailer reported adjusted earnings before interest, taxes, depreciation and amortization of $672 million, and net income of $405 million, up from $373 million a year earlier.

Carvana reported retail sales of 187,393 units, a 40% surge compared with a year earlier. Its revenue was $6.43 billion, up 52% from a year ago.

The business does not release annual guidance but noted it expects sequential rise in both retail units sold and adjusted EBITDA during the second quarter, leading to all-time firm records on both metrics.

Shares of Carvana, which has a roughly $87 billion economy cap, are off 6% in 2026, but are roughly 63% higher over the past year.

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