Carma Ltd Posts FY26 Retail Unit Deliveries Up 50 Percent to 3,146
Carma closes FY26 with 3,146 retail units delivered, up 50% on prior year
In its retail deliveries update for the period to 30 June 2026 (Q4 FY26), Carma Limited (ASX: CMA) reported 3,146 Retail Units delivered across FY26, a 50% increase on the 2,101 units delivered in FY25.
The digital used-car platform expects FY26 Retail Revenue of $91.3m and Total Revenue of $113.8m, including Wholesale and Other Revenue. June 2026 saw 453 units delivered.
All financial information in the announcement is unaudited. Carma operates as a fully digital platform for buying and selling pre-owned cars in Australia.
When big ASX news breaks, our subscribers know first
Q4 FY26 delivery performance
Carma delivered 1,003 Retail Units in the three months to 30 June 2026, a 112% increase compared with the 474 units recorded in Q4 FY25. The quarter closed in June 2026.
Monthly delivery numbers can vary based on period-specific factors, including the number of operating and delivery days, public and school holidays, and other seasonal factors. Within Q4 FY26, deliveries built steadily across the three months:
-
April 2026: 226 units / $6.4m
-
May 2026: 324 units / $8.8m
-
June 2026: 453 units / $11.8m
FY26 quarterly progression at a glance
The following table sets out the disclosed quarterly build-up across FY26, allowing investors to track the delivery trajectory alongside reconditioning activity.
| Period | Retail Units Delivered | Retail Revenue | Reconditioning Days |
|---|---|---|---|
| Q1 FY26 | 633 | $19.6m | 66 |
| Q2 FY26 | 746 | $22.0m | 60 |
| Q3 FY26 | 774 | $22.7m | 61 |
| Q4 FY26 | 1,003 | $27.0m | 61 |
| FY26 Total | 3,146 | $91.3m (expected) | — |
The $91.3m figure represents Carma’s expected FY26 Retail Revenue for the full year, while the four quarterly revenue lines reflect the disclosed period figures.
The Q3 FY26 delivery record of 774 units represented the platform’s strongest quarterly result at the time, with retail revenue of $22.7 million setting a sequential high before Q4 surpassed it by a further 30%.
Why unit deliveries matter for Carma investors
Retail Revenue is the revenue generated from the sale of used vehicles to retail customers online made through Carma’s website. It is the clearest measure of how many cars the platform is selling directly to consumers.
Carma reports three revenue streams. Retail Revenue comes from online used-vehicle sales to retail customers. Wholesale Revenue is generated from vehicle sales to wholesale customers. Other Revenue includes the origination of customer loans, extended coverage, and the referral of insurance products.
Reconditioning Days measure the number of days reconditioning operations were active. This metric is a driver of how many cars can be prepared and made available for delivery.
Transparency for investors during the forecast period
Carma has committed to releasing its monthly Retail Units delivered and Retail Revenue to the ASX for a minimum of the prospectus forecast period to June 2026. The purpose is to help investors understand the key drivers, monthly variability, and seasonality of revenue during the company’s early stage as a listed business.
The company’s IPO Prospectus dated 16 October 2025 included a table (Figure 41) showing quarterly retail inventory units delivered from Q1 FY23 to Q1 FY26, establishing the historical delivery baseline.
FY26 Headline Result
3,146 Retail Units delivered, a 50% increase on FY25 (no attributed management quote is available in the source announcement).
The investment case: momentum and credibility
Q4 deliveries more than doubled year-on-year. Carma’s reconditioning process is verified by the NRMA, who have named the company their Preferred Used Car Dealership, a third-party credibility signal.
Customer-experience features include online checkout in under 10 minutes, fixed pricing, integrated finance, extended coverage, and a 7-day return policy. Key FY26 highlights include:
-
3,146 retail units delivered, up 50% year-on-year
-
Q4 FY26 deliveries up 112% on Q4 FY25
-
Expected FY26 Total Revenue of $113.8m
-
NRMA-verified reconditioning and Preferred Used Car Dealership status
The next major ASX story will hit our subscribers first
What comes next
Carma’s monthly reporting commitment runs to at least June 2026, aligning with the prospectus forecast period. This update effectively completes that forecast window, delivering on the transparency commitment made at IPO.
No FY27 guidance has been disclosed in the announcement. With Q4 deliveries up 112% year-on-year, Carma exits FY26 as it enters the next financial year.
Don’t Miss the Next Consumer Sector Winner
Big News Blast delivers FREE breaking ASX news to your inbox within minutes of release, complete with in-depth analysis already done for you. Join 20,000+ subscribers staying ahead of the market across Tech, Healthcare, Consumer, and more. Click the “Free Alerts” button at Big News Blast to start receiving alerts the moment news breaks.