Carvana continued its recent blistering pace of sales. The automotive e-commerce platform and retailer sold 187,393 vehicles in the opening quarter of 2026, a 40% increase from the start of 2025, according to the Q1 2026 earnings report.
Zooming in: This was Carvana’s sixth straight quarter of 40%+ growth in retail unit sales. Carvana also logged a net income of $405 million off its $6.432 billion in total revenues.
What they’re saying: “We are continuing to hit records. We are continuing to improve the Carvana machine. We are continuing to execute,” said Carvana Chairman and CEO Ernie Garcia in his letter to shareholders. “And our team is continuing to demonstrate our ability to scale a business of Carvana’s complexity at high speed while continually delivering exceptional experiences to our customers.”
Looking ahead: For 2026, Carvana is expanding its existing facilities, 18 Carvana inspection and recondition centers, and 17 ADESA locations. Garcia shared plans to integrate six to eight ADESA sites.
“This current footprint gives us fully built out annual capacity for approximately 1.5 million retail units, with real estate to support annual retail production of 3 million retail units,” Garcia said.
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