Carvana is an innovative online platform that revolutionizes the process of buying and selling used vehicles. The company allows customers to browse a vast selection of cars through its website, providing detailed descriptions and visual assets to facilitate informed purchasing decisions. Carvana also offers unique features like home delivery and the option to sell or trade vehicles seamlessly, eliminating the traditional hassles associated with dealerships. With a focus on enhancing the customer experience, Carvana leverages technology to streamline every step of the automotive retail process, aiming to make car buying more convenient and accessible for consumers. Read More
Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, and the Professional Pickleball Association (PPA Tour) today announced the extension of their multi-year title sponsorship agreement. This renewal builds upon the tremendous success of their initial partnership, which began in 2022 and has helped propel pickleball to new heights as America's fastest-growing sport. The extended partnership will continue to feature events under the Carvana PPA Tour name while introducing enhanced fan experiences, expanded tournament coverage, and increased prize opportunities for players.
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the online retail industry, including Wayfair (NYSE:W) and its peers.
Shares of online used car dealer Carvana (NYSE: CVNA)
jumped 11.7% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue and EBITDA expectations. They sold nearly 134,000 retail units (used cars), up 46%, and revenue climbed 38%, showing that buyers are still flocking to Carvana's online model.
Margins looked strong too, with profit per sale improving and a nice boost from a revaluation in one of their investments. We think this was a solid print, but expectations were likely sky-high given the stock rocketed 50%+ over the past month.
Carvana shares are trading higher Thursday after the company reported better-than-expected first-quarter earnings on Wednesday after the market closed.
Online used car dealer Carvana (NYSE: CVNA) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 38.3% year on year to $4.23 billion.
Carvana reports first-quarter revenue of $4.23 billion, beating the consensus estimate of $3.98 billion. The company reports first-quarter earnings of $1.51 per share, smashing analyst estimates of 60 cents per share.
Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2025. Carvana’s complete first quarter 2025 financial results and management commentary are available in the company’s shareholder letter on the quarterly results page of its Investor Relations website.
