For Q1 FY2026 ended March 31, 2026, Carvana reported revenue of $6.432 billion, up 52.0% year-over-year. Net income was $250 million, a 15.7% increase from the prior year. Operating income rose 47.5% to $581 million. The company had $2.41 billion in cash, $4.846 billion in long-term debt, and $3.72 billion in equity.
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. It also operates auction sites. Founded in 2012, Carvana Co. is based in Tempe, Arizona.
Carvana Co. operates an e-commerce platform for buying and selling used cars. The company provides a full range of services including vehicle acquisition, inspection and reconditioning, an online search and shopping experience, financing, complementary products, a logistics network, and a distinctive fulfillment experience. It also offers post-sale customer support and operates auction sites. Founded in 2012 and headquartered in Tempe, Arizona, Carvana aims to make car buying convenient and transparent through its online platform.
Where is Carvana (CVNA) listed and what currency does it trade in?
Carvana Co. is listed on the New York Stock Exchange (NYSE) under the ticker symbol CVNA. Its shares are traded in US Dollars (USD). As a US-based company, Carvana's financial reporting and stock trading are conducted in USD, making it accessible to investors on major US exchanges.
What sector and industry does Carvana (CVNA) belong to?
Carvana Co. operates in the Consumer Cyclical sector, specifically within the Auto & Truck Dealerships industry. This means the company's performance is closely tied to the health of the economy and consumer spending on vehicles. As a used car retailer, Carvana competes with traditional dealerships and other online platforms, offering a digital alternative to buying and selling cars.
Where is Carvana (CVNA) headquartered and what markets does it serve?
Carvana Co. is headquartered in Tempe, Arizona, United States. The company primarily serves the US market, operating an e-commerce platform that allows customers nationwide to buy and sell used cars online. Its logistics network and fulfillment centers support delivery and pickup across many states, making it a key player in the US used car market.
How does Carvana (CVNA) make money?
Carvana generates revenue primarily through the sale of used vehicles via its e-commerce platform. It also earns income from financing arrangements, complementary products such as vehicle service contracts and warranties, and auction operations. The company's business model focuses on acquiring, reconditioning, and reselling used cars, leveraging its online platform and logistics network to streamline the process and reduce overhead compared to traditional dealerships.