Carvana (CVNA) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter increased compared to both the immediate prior quarter and the same quarter one year ago. The growth rate versus the prior year was stronger than the sequential growth rate.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter increased compared to both the immediate prior quarter and the same quarter one year ago. The growth rate versus the prior year was stronger than the sequential growth rate.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+19.3%
Change from the immediately preceding quarter.
Year-over-year
+38.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $3.4B | +14.9% |
| Sep 30, 2024 | $3.7B | +31.8% |
| Dec 31, 2024 | $3.5B | +46.3% |
| Mar 31, 2025 | $4.2B | +38.3% |
Revenue performance
The quarter's revenue rose from the preceding quarter and from the same period last year, marking a continuation of positive year-on-year performance.
Quarterly comparison
Sequentially, the revenue surpassed the level of the immediately preceding quarter, while the year-over-year comparison shows a larger percentage gain than the sequential change.
What to watch
Monitor whether the pace of revenue growth can be sustained alongside the company's stated focus on profitability initiatives.