Carma accelerates post-IPO growth with 37% rise in deliveries

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Carma accelerates post-IPO growth with 37% rise in deliveries
Carma accelerates post-IPO growth with 37% rise in deliveries
Heidi Cuthbert
Written by Heidi Cuthbert
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Online used-vehicle platform Carma (ASX:CMA) reported an acceleration in volume, clocking 746 retail deliveries for the three months ended January.

This represents a 37% increase compared to the 546 units delivered during the same period last year, signaling strong momentum following the company's October IPO.

Despite a brief pause in reconditioning operations over the Christmas break, the company maintained steady output with 253 units in November 2025 and 244 in December 2025, before closing out January with 249 units.

The operational efficiency translated into $22 million in retail revenue for the quarter, a climb from the $19.6 million recorded in the preceding September quarter.

In a statement to the market, Carma noted that while monthly volumes remain subject to seasonal fluctuations—such as school holidays and delivery day availability—the underlying growth trend remains robust.

At the time of reporting, Carma’s share price was $1.90.

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