Carvana (CVNA) reported earnings of 42 cents per share for Q2 2026, matching analyst expectations and reflecting a 61.5% year-over-year increase. The company’s revenue reached $7.37 billion, a 52.4% rise compared to the previous year, surpassing estimates by 5.5%. Retail vehicle sales grew 61.7% to $5.5 billion, with retail units sold totaling 197,325, a 37.7% increase.
The company’s gross profit increased by 30.1% to $1.38 billion, while net income advanced 66.6% to $513 million. Carvana’s cash and cash equivalents rose to $2.63 billion as of June 30, 2026. Management projects adjusted EBITDA for the full year to be between $2.7 billion and $3 billion, an increase from $2.24 billion in 2025, aiming toward the sale of 3 million vehicles annually by 2035.
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