The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Achieved record GAAP operating income of $581 million and adjusted EBITDA of $672 million, marking the ninth consecutive quarter as the most profitable and fastest-growing auto retailer.

Addressed a fourth-quarter 'bump' in reconditioning by increasing operational intensity and deploying new data integration tools to assist newer managers in staffing and flow optimization.

Attributed 40% retail unit growth to a continuously improving customer offering, increased brand trust, and the benefits of scaling inventory selection.

Reported that labor efficiency in the reconditioning network is currently operating just shy of all-time bests following rapid iteration on productivity tracking tools.

Maintained that execution remains the primary determinant of success, with demand available at whatever speed the company can effectively scale its complex operational system.

Emphasized that the business model naturally improves with scale, allowing for faster inventory turn times, which reached a record low of 4.8 days for certain retail-to-retail cycles.

Reiterated long-term goal of selling 3 million cars annually with a 13.5% adjusted EBITDA margin by the 2030-2035 timeframe.

Expects Q2 2026 to set new company records for both retail units sold and adjusted EBITDA, assuming a stable macro environment.

Anticipates Q2 retail GPU will increase sequentially but decrease year-over-year due to the absence of prior-year tariff benefits and narrower industry-wide wholesale-to-retail spreads.

Plans to shift capital expenditure toward full build-outs of existing ADESA facilities to expand production lines, while deprioritizing greenfield reconditioning centers.

Assumes significant SG&A leverage will continue as fixed overhead costs are spread across higher volumes, despite ongoing investments in AI and technology.

Identified a $100 to $200 headwind in Q2 related to compressed wholesale-to-retail spreads as retail prices lag behind a 'hot' wholesale market.

Noted that revenue growth (52%) outpaced unit growth (40%) due to traditional gross revenue treatment for vehicles from a large marketplace partner.

Flagged rising fuel prices as a directional headwind for logistics expenses, though management characterized the impact as manageable within normal quarterly fluctuations.

Reduced net debt to trailing twelve-month adjusted EBITDA ratio to 1.1 times, representing the company's strongest financial position to date.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.

Management explained that wholesale prices appreciated significantly early in the year, but these costs have not been fully passed through to retail prices yet.

The phenomenon is viewed as transitory, with retail prices typically catching up to wholesale trends on a 30- to 60-day lag.

Growth will be prioritized through staffing existing facilities and integrating ADESA locations using proprietary software, which are CapEx-light methods.

Full build-outs of owned ADESA land will begin this year, while greenfield projects remain a lower priority.

Labor hours per unit (HPU) have returned to all-time best levels seen in Q2 of the previous year after a temporary drift in late 2025.

Management is using centralized planning and algorithms to optimize how staff are distributed across reconditioning stations to reduce the learning curve for new hires.

Management declined to provide specific details on the performance of the six or seven Stellantis dealerships acquired, stating it is still in the 'early learning' phase.

One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.