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Compared to Estimates, Carvana (CVNA) Q1 Earnings: A Look at Key Metrics

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Carvana (CVNA - Free Report) reported $4.23 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 38.3%. EPS of $1.51 for the same period compares to -$0.41 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $4.04 billion, representing a surprise of +4.70%. The company delivered an EPS surprise of +101.33%, with the consensus EPS estimate being $0.75.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Carvana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Unit sales - Retail vehicle unit sales: 133,898 versus the six-analyst average estimate of 129,401.
  • Per retail unit gross profit - Total: $6,938 versus $6,956.18 estimated by five analysts on average.
  • Per retail unit gross profit - Retail vehicle: $3,204 versus the four-analyst average estimate of $3,350.74.
  • Per retail unit gross profit - Wholesale: $829 compared to the $851.09 average estimate based on three analysts.
  • Per retail unit gross profit - Other: $2,905 versus $2,732.90 estimated by three analysts on average.
  • Unit sales - Wholesale vehicle unit sales: 63,454 compared to the 60,168 average estimate based on three analysts.
  • Per unit revenue - Retail vehicles: $22,256 versus $22,762.43 estimated by three analysts on average.
  • Per unit revenue - Wholesale vehicles: $9,865 versus the three-analyst average estimate of $9,647.45.
  • Markets at end of period (metropolitan statistical areas): 316 compared to the 316 average estimate based on two analysts.
  • Sales and operating revenues- Retail vehicle sales, net: $2.98 billion versus the four-analyst average estimate of $2.88 billion. The reported number represents a year-over-year change of +37%.
  • Sales and operating revenues- Other sales and revenues: $389 million versus $339.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +69.9% change.
  • Sales and operating revenues- Wholesale sales and revenues: $863 million versus $804.95 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +31.4% change.
View all Key Company Metrics for Carvana here>>>

Shares of Carvana have returned +46.8% over the past month versus the Zacks S&P 500 composite's +10.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

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