Latest Carma (ASX:CMA) News

Carma has reaffirmed its target for FY27 revenue growth above 80% and says it expects to reach positive EBITDA before the end of calendar 2027. The online used-car retailer is relying on record early trading, AI-led productivity gains and a second reconditioning shift to close the gap between scale and profitability.

Carma delivered record Q1 FY2027 revenue of $44.3 million and gross profit of $3.5 million after retail vehicle sales more than doubled year on year. The stronger trading result came with lower total gross profit per unit and $10.2 million of operating cash outflow.

Carma delivered a much larger operation in FY26, with revenue up 59% and gross profit doubling, but the online used-car retailer remains deeply loss-making. Its next test is converting new sourcing and reconditioning capacity into faster inventory turnover and lower cash burn.

Small-cap shares produced another uneven week, led by a major fall in Corporate Travel Management and strong gains in energy, gas and takeover stocks.
Investors rewarded rising profits and new deals, but sold several companies despite promising project news.

Carma Limited posted a 59% revenue jump to $113.8 million in FY26, doubling gross profit to $10.5 million, while gearing up to double reconditioning capacity and target positive EBITDA in 2027.

Carma Limited surged past prior year sales with 1,344 units sold, boosted by rapid network expansion and improved reconditioning efficiency, while maintaining a solid cash position.

Carma Limited delivered a robust H1 FY26 performance with a 102% surge in gross profit, driven by strong unit growth and strategic expansion of its Sell-to Carma locations and reconditioning capacity.

Carma Limited has reported a surge in vehicle sales and revenue in its latest quarterly report, alongside a successful $100 million IPO that strengthens its growth trajectory.