Carvana shares climbed as much as 9.3% Wednesday (Aug. 19), after dropping 14% over the previous two days, when a report said billionaire Mark Walter wouldn't be able to immediately sell his stake in the online car retailer, Bloomberg reported Wednesday.
Shares of Carvana (NYSE:CVNA | CVNA Price Prediction) are down 7% to $65.50 Tuesday morning, extending a slide that has left Carvana stock lower for 2026 even as the used-vehicle disruptor just posted its best quarter on record.
Carvana Co. (CVNA) Presents at J.P. Morgan Automotive Conference Transcript
Carvana's rapid volume growth, rising EBITDA and stronger liquidity support its outlook, but a premium valuation and execution risks call for patience.
Carvana's Q2 revenues jump 52% on record retail volume and strong pricing, while EBITDA grows despite margin pressure from expansion investments.
Carvana faces mounting concerns as Q2 results reveal compressing gross profit per unit and declining adjusted EBITDA margins. Despite a Q2 beat, CVNA's FY26 profit outlook disappointed, forecasting adjusted EBITDA of $2.70–$3.0 billion and a margin drop to 10.2%. Rich valuation multiples—26.4x EV/FY26 adjusted EBITDA—are now less justified given the lack of margin expansion and weakening profitability metrics.
Shares of Carvana (NYSE:CVNA | CVNA Price Prediction) are down 11% Thursday afternoon, marking Carvana stock's worst session since late January, after full-year guidance underwhelmed.
Carvana Co. (NYSE:CVNA) shares fell nearly 12% on Thursday morning despite the company reporting record second-quarter profits, as investors weighed a disappointing full-year earnings outlook against another quarter of outsized growth. The online used-car retailer posted record net income of $513 million, up $205 million from a year earlier, while adjusted EBITDA rose $168 million year-over-year to a record $769 million.
Carvana (CVNA) opened in the “red” this morning as management's lowered guidance tempered the firm's record Q2, featuring a 38% increase in retail units sold. Still, Needham's senior analyst Chris Pierce recommends buying the dip in CVNA, noting it could actually double from current levels over the next 12 months.
Automotive eCommerce firm Carvana's continuing rollout of software platforms across its operations contributed to the company's record second-quarter results, Carvana President, CEO and Chairman Ernie Garcia said during a Wednesday (July 29) earnings call. During the second quarter, Carvana set records in retail units sold, quarterly Q2 net income and adjusted EBITDA.
Carvana scales its platform as Q2 results show record retail units, revenue growth and a focus on inventory expansion and execution.
Carvana Co. (CVNA) Q2 2026 Earnings Call Transcript