Carvana Q1 Earnings Beat, Record Profit

Carvana posted Q1 adjusted EPS of $1.69, beating the $1.56 analyst estimate by $0.13.
Revenue reached $6.43 billion, up 52% YoY, surpassing the $6.02 billion consensus estimate.
Carvana sold a record 187,393 retail units, delivering 40% year‑over‑year growth.
Net income was $405 million (6.3% of revenue), adjusted EBITDA hit a record $672 million (10.4% margin) and GAAP operating income reached $581 million.