Carvana Anticipates Margin Improvement: What's Driving the Growth?

Key Takeaways CVNA reported record Q1 2025 adjusted EBITDA of $488M, up$253M year over year with an 11.5% margin. Approximately 80% of adjusted EBITDA converted into GAAP operating income, hitting 9.3% margin. CVNA expects sequential EBITDA growth in Q2 and aims for 13.5% margins over the next five to ten years.Carvana Co. (CVNA) achieved a record-breaking adjusted EBITDA of $488 million in the first quarter of 2025, which increased$253 million year over year. The company's adjusted EBITDA margin reache ...