The financials
Carvana by the numbers
Carvana (CVNA) reported revenue of $6.43B in Q1 2026 (quarter ended March 31, 2026), up 52% from the same quarter a year earlier. That came with a gross margin of 20% and net income of $250M (3.9% of revenue). For the full year FY2025, revenue was $20.3B (+49% year on year) and net income $1.41B. Its largest product in 2026-Q2 was Used Vehicle Sales at $5.51B, 98% of the disclosed total, just ahead of Product And Service Other at 2.1%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $6.43B | $4.23B | +52% |
| Gross profit | $1.27B | $929M | +37% |
| Operating income | $581M | $394M | +47% |
| Net income | $250M | $216M | +16% |
| Product | Revenue | Share |
|---|---|---|
| Used Vehicle Sales | $5.51B | 98% |
| Product And Service Other | $117M | 2.1% |
| Wholesale Sales And | $13M | 0.2% |
| Wholesale Marketplace | $3.0M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $5.64B (+14%)
Used Vehicle Sales grew +62% year on yearWholesale Marketplace 0.00% year on year
Segment Latestquarter on quarteryear on year
- Used Vehicle Sales$5.51B$5.51BQoQ +14%year on year +62%+14%+62%
- Product And Service Other$117.0M$117.0MQoQ +2.6%year on year +41%+2.6%+41%
- Wholesale Sales And$13.0M$13.0MQoQ 0.00%year on year +44%0.00%+44%
- Wholesale Marketplace$3.0M$3.0MQoQ +50%year on year 0.00%+50%0.00%
Auto & Truck Dealerships
Ranks #2 of 15 by Smart Score