Carvana Crushes Q1 2026: 40% Sales Jump, $405M Profit, and Shares Surge
Carvana had a record Q1: sold 187k cars (+40%), revenue $6.4B, strong profit, fast growth, expects better Q2; stock up.
Carvana had a record Q1: sold 187k cars (+40%), revenue $6.4B, strong profit, fast growth, expects better Q2; stock up.
BofA cut Carvana to Neutral: higher gas and rates hurt buyers, so upside is limited and risks are now evenly balanced.
Carvana announces first-ever 5-for-1 forward stock split, pending May 5, 2026 shareholder approval, to boost team ownership and affordability.
Activist Starboard takes $350M stake in CarMax, nominates board members, and pushes for faster turnaround under incoming CEO Keith Barr.
Online used-car giant Carvana misses profit forecasts due to higher costs, sending shares plunging 21% after hours despite record sales and revenue growth.
JPMorgan and BTIG maintain positive ratings on Carvana, disputing Gotham City Research’s short-seller claims and highlighting misrepresented data.