earnings
confidence high
sentiment positive
materiality 0.85
Carvana Q1 record: 133.9K retail units (+46% YoY), net income $373M, Adj. EBITDA $488M, expects Q2 records
CARVANA CO.
- Retail units sold 133,898 (+46% YoY); revenue $4.23B (+38% YoY); both all-time quarterly records.
- Net income $373M (margin 8.8%) vs $49M a year ago; Adjusted EBITDA $488M (margin 11.5%).
- GAAP Operating income $394M (9.3% margin), a new record; EPS $1.51 diluted.
- Expects sequential increases in Q2 to all-time records for both units and Adjusted EBITDA.
- New long-term objective: 3M retail units/year at 13.5% Adj. EBITDA margin within 5-10 years.