Carvana Co. · CVNA · Next earnings

Carvana Co. reports Wednesday, Oct 28, 2026

CVNA reports after market close with consensus EPS at $0.46 and revenue at $7.61B. Last quarter: Carvana Q1 2026: Record Revenue and Units as Reconditioning Tools Begin to Scale

Reports After market close38 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.46 Calendar consensus
Consensus revenue $7.61B Calendar consensus
Report date Oct 28, 2026 Wednesday, date estimated
Session After market close 38 days away

Where CVNA left off: FY2026 Q1

Full report

Carvana Q1 2026: Record Revenue and Units as Reconditioning Tools Begin to Scale

EPS surprise +7.4% Reported $0.34 vs $0.32
Revenue surprise +5.1% Reported $6.43B vs $6.12B
Stock move -0.2% Event window
Subsequent drift -7.8% Up to 20 sessions

Guidance was maintained. Management reiterated its medium-term targets of 13.5% adjusted EBITDA margin and 3 million units annually by 2030-35, consistent with the prior quarter's outlook. No upward revision despite the record quarter, suggesting management prefers to under-promise on near-term margin trajectory while reinvesting in advertising and technology.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential headwinds from tariffs and higher fuel prices affecting logistics costs.
  • Wholesale-to-retail spread compression could pressure retail GPU.
  • Execution risk associated with rapid 40% growth and rollout of new operational tools.
  • Higher non-vehicle costs and increased overhead from AI and technology investments.
  • Reliance on loan-purchase agreements and the interest-rate environment for financing capacity.

Questions analysts left open

  • SG&A leverage and the impact of rising fuel costs on logistics expense.
  • Magnitude and timing of wholesale-retail spread compression.
  • Scope and timing of AI/technology capex and its effect on overhead.
  • Effectiveness and rollout speed of the new reconditioning tools.
  • Advertising ROI and channel performance.

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Recent CVNA quarters

All CVNA earnings
-0.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.