Wed May 07 20:10:00 UTC 2025: **Carvana’s Q1 Earnings Loom: Analysts Predict Strong Growth, Despite Past Misses**
NEW YORK, NY – Online used car retailer Carvana (NYSE: CVNA) is set to release its first-quarter earnings report after the market closes tomorrow. Analysts anticipate robust growth, projecting a 30.2% year-over-year revenue increase to $3.99 billion, up from 17.5% growth in the same quarter last year. Adjusted earnings per share are expected at $0.75.
While analysts have largely maintained their estimates in recent weeks, Carvana has a track record of occasionally missing Wall Street’s revenue targets. Last quarter, however, the company exceeded expectations, reporting revenues of $3.55 billion (a 46.3% year-over-year increase) and selling 114,379 units (a 50.3% year-over-year increase). This beat analyst estimates for both revenue and EBITDA.
Peer performance in the consumer internet sector offers a mixed picture. Amazon met expectations with 8.6% year-over-year revenue growth, while Wayfair slightly exceeded estimates, reporting flat revenue. Amazon’s stock price remained unchanged following its results, while Wayfair saw an 11.5% increase. Despite this mixed bag, the broader consumer internet sector has seen a positive surge in share prices, averaging an 18% increase over the last month. Carvana itself has experienced a significant 54.3% rise during the same period, currently trading at $259.02, slightly above the average analyst price target of $258.56.
First Piper 