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Carvana Stock Soars 31% Amid Strong Revenue Surge

5/8/2025

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Story summary
  • Carvana's stock (NYSE: CVNA) rose 31.37% YTD, showing recovery from near-bankruptcy in 2022 to projected profitability in 2025.
  • Q1 2025 revenue reached $4.23 billion with an EPS of $1.51, fueled by a 46% YoY sales growth.
  • CEO Ernie Garcia reported minimal effects from automotive tariffs on used car sales.
  • The company is boosting EV sales and expanding operational capacity through new Megasites.