Carvana posted record results for Q4 and FY 2025, driven by higher vehicle sales and revenue. In Q4 2025, Carvana sold 163,522 retail units (+43% YoY) and generated total revenue of USD 5.60 billion (+58% YoY). Net income was USD 951.00 million (net income margin 17.0%), including a net non-cash benefit of USD 618.00 million, while Adjusted EBITDA was USD 511.00 million (Adjusted EBITDA margin 9.1%) and GAAP operating income was USD 424.00 million (operating margin 7.6%). For FY 2025, Carvana sold 596,641 retail units (+43% YoY) and reported total revenue of USD 20.32 billion (+49% YoY). Net income was USD 1.90 billion (net income margin 9.3%), including a net non-cash benefit of USD 621.00 million, and Adjusted EBITDA reached USD 2.24 billion (Adjusted EBITDA margin 11.0%); GAAP operating income was USD 1.88 billion (operating margin 9.3%). The company said it delivered record unit economics, multi-year high customer NPS, and expanded integrated reconditioning and digital auction capabilities, and it expects significant growth in retail units sold and Adjusted EBITDA in FY 2026, including a sequential increase in both metrics in Q1 2026, assuming a stable environment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carvana Co. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602181605BIZWIRE_USPR_____20260218_BW365089) on February 18, 2026, and is solely responsible for the information contained therein.