Carvana Q4 Sales Reach $5.6B, EPS $4.22 Crushes Estimates
Carvana sold 163,522 vehicles in Q4, driving revenue to $5.6B, up 58% year-over-year, while EPS soared to $4.22, beating estimates by 273%. Operating cash flow jumped 617% to $430M, and full-year sales rose 49% to $20.3B with net income surging to $1.9B.
1. Q4 Vehicle Sales and Revenue
Carvana sold 163,522 vehicles in Q4 2025, representing a 43% year-over-year increase and driving revenue to $5.6 billion, up from $3.54 billion a year earlier.
2. Q4 Profit and Cash Flow
Earnings per share reached $4.22, beating consensus by 273%, while operating cash flow jumped 617% to $430 million, underscoring a substantial improvement in profitability and liquidity.
3. Full-Year 2025 Performance
For fiscal 2025, Carvana delivered nearly 600,000 vehicle sales, generated $20.3 billion in revenue (a 49% increase), reported net income of $1.9 billion, and achieved record EBITDA of $2.2 billion.
4. Valuation and Stock Reaction
Shares rose 3% following the results; the stock trades at 43x forward earnings and under 3x forward-sales, down 25% from its all-time high yet up 2,400% over the past three years.