Carvana reported retail GPU of $3,734, representing an increase of $426 quarter-over-quarter and $195 year-over-year. This significantly surpassed the consensus estimate of approximately $3,450. BTIG noted that about $100 of the retail GPU improvement stemmed from tariff-driven pricing strength, primarily realized in April. The remaining GPU gains were attributed to a roughly 20% decrease in inbound miles driven and continued improvements in reconditioning efficiency. The firm highlighted Carvana's execution by comparing its performance to traditional dealers, which increased used car retail GPU by only $109 quarter-over-quarter and $58 year-over-year, substantially below Carvana's achievements. With a gross profit margin of 21.7% and strong liquidity indicators, Carvana appears well-positioned for continued growth. Discover more insights and 18 additional ProTips with an InvestingPro subscription, including exclusive Fair Value analysis and comprehensive financial health scores.