Carvana Reports Strong Q1 Results Amid Mixed Stock Performance
Carvana Co. (CVNA) reported record first-quarter results in April 2026 with a significant increase in retail units sold and revenue, outperforming expectations. Despite strong performance metrics including net income of $405 million and adjusted EBITDA of $672 million, the stock has underperformed compared to both the S&P 500 Index ($SPX) and its own sector ETF (XLY).
