CVNA Stock Recent News

Solid revenues across segments lead to CVNA's first-quarter outperformance. It expects a rise in retail units sold and adjusted EBITDA in the second quarter.

Carvana Co (NYSE: CVNA) chief executive Ernie Garcia does not expect Trump's new tariffs to have a “super direct” impact on his company's nationwide business. Speaking with CNBC this morning, Garcia agreed that higher tariffs will most definitely make cars more expensive in the United States.

Carvana CEO Ernie Garcia told CNBC he does not think the company will be "directly impacted" by tariffs but it is still unclear how new and used car prices will be affected.

Shares of Carvana Co. (NYSE:CVNA) rose nearly 10% on Thursday morning after the online used car retailer crushed first-quarter expectations, delivering record profits and surging unit sales as buyers raced to lock in deals ahead of potential auto tariffs. Carvana reported earnings per share of $1.51, more than double analysts' estimates of $0.67, while revenue reached $4.23 billion versus expectations of $3.98 billion.

Carvana NYSE: CVNA is not out of the weeds but is performing well in 2025, accelerating its business turnaround. The Q1 results reveal strengths in consumer markets and rapidly improving profitability, which have it on track to reach lofty new goals.

Carvana Co CVNA reported better-than-expected first-quarter financial results Wednesday.

The headline numbers for Carvana (CVNA) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Carvana Co. (NYSE:CVNA ) Q1 2025 Results Conference Call May 7, 2025 5:30 PM ET Company Participants Meg Kehan - Investor Relations Ernie Garcia - Chief Executive Officer Mark Jenkins - Chief Financial Officer Conference Call Participants Ron Josey - Citi Brian Nagel - Oppenheimer Rajat Gupta - JPMorgan Chris Bottiglieri - BNP Paribas Sharon Zackfia - William Blair Michael Montani - Evercore ISI Jeff Lick - Stephens Inc Daniela Haigian - Morgan Stanley Marvin Fong - BTIG Alex Potter - Piper Sandler Michael McGovern - Bank of America John Colantuoni - Jefferies Operator Good day, and welcome to Carvana's First Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode.

While inflation is still running slightly higher than ideal levels and the labor force remains near maximum employment, there was no hard data Powell could point to to substantiate any policy changes at this point.

Carvana (CVNA) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to loss of $0.41 per share a year ago.