Carvana shares have surged 52% over the past month, driven by strong earnings. Record Q1 revenue and sales beat estimates, boosting profit and future outlook expectations.
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.
