Loading
Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Carvana Co. (CVNA) is 8/10.
Carvana delivered Q1 FY2026 revenue of $6.432 billion, up 52%, with record retail unit growth of 40% to 187,393 units. Net income reached $405 million at a 6.3% net income margin, and adjusted EBITDA hit a new record of $672 million at a 10.4% margin. Reconditioning efficiency recovered after a Q4 setback, and strong SG&A leverage delivered a $170 per-unit reduction. Full-year 2026 guidance was reiterated for significant growth in both retail units sold and adjusted EBITDA.
Scored from Carvana Co.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.55B | +46.3% | $0.11 | +156.1% | 20.4% | 7.6% | 2.2% | $36M |
| FY2025 Q1 | $4.23B | +38.3% | $0.30 | +504.0% | 21.0% | 9.3% | 5.1% | $205M |
| FY2025 Q2 | $4.84B | +41.9% | $0.26 | +814.3% | 21.2% | 10.6% | 3.8% | $-2M |
| FY2025 Q3 | $5.65B | +54.5% | $0.21 | +60.9% | 20.3% | 9.8% | 2.7% | $307M |
| FY2025 Q4 | $5.60B | +58.0% | $1.19 | +964.3% | 18.8% | 7.6% | 15.3% | $379M |
| FY2026 Q1 | $6.43B | +52.0% | $0.34 | +12.6% | 19.8% | 9.0% | 3.9% | $56M |
| FY2026 Q2 | $7.38B | +52.4% | $0.42 | +64.1% | 18.8% | 9.2% | 4.2% | $187M |
Full Pro access for 30 days when you create a free account. No credit card required.