Quarterly ResultApr 29, 2026, 04:39 PM
CVNA Q1 Revenue +52% to $6.43B; Net Income $250M; Diluted EPS $1.69
AI Summary
Carvana Co. reported strong financial results for Q1 2026, with net sales and operating revenues surging 52% to $6.43 billion. Net income attributable to Carvana Co. increased 15.7% to $250 million, and diluted earnings per share rose to $1.69. The company also acquired a franchise dealership for $11 million and enhanced its liquidity by extending a revolving credit facility and increasing its finance receivable purchase commitment with Ally to $6.0 billion. Net cash provided by operating activities, however, decreased to $107 million.
Key Highlights
- Net sales and operating revenues increased 52% to $6.43 billion for Q1 2026.
- Net income attributable to Carvana Co. rose 15.7% to $250 million.
- Diluted earnings per share for Class A common stock grew to $1.69 from $1.51.
- Gross profit increased to $1.27 billion for Q1 2026, up from $929 million in Q1 2025.
- Operating income rose to $581 million for Q1 2026, compared to $394 million in Q1 2025.
- Acquired one franchise dealership for $11 million during the quarter.
- Ally MPSA commitment increased to $6.0 billion, with $3.3 billion unused capacity as of March 31, 2026.
- Net cash provided by operating activities was $107 million, down from $232 million in Q1 2025.