Carvana NYSE: CVNA reported record second-quarter results as retail unit sales rose 38% year over year to 197,325 vehicles and revenue increased 52% to $7.38 billion. The online used-car retailer also posted record adjusted EBITDA of $769 million, net income of $513 million and GAAP operating income of $680 million.
Although the revenue and EPS for Carvana (CVNA) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Carvana (CVNA) came out with quarterly earnings of $0.42 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.26 per share a year ago.
Despite record revenue and profits, the used-car retailer missed Wall Street analysts' expectations.
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter. The guidance means the company expects between $1.3 billion and $1.6 billion in adjusted earnings during the second half of this year.
Carvana Co. has achieved remarkable growth, nearly doubling revenue and significantly improving profitability over the past three years. CVNA's digital-first model capitalizes on a fragmented, inefficient used car market, driving rapid increases in units sold and online engagement. Despite CVNA's operational improvements and expansion, the stock is currently rated Hold due to very high valuation multiples relative to projected cash flow and EBITDA.
Evaluate the expected performance of Carvana (CVNA) for the quarter ended June 2026, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Carvana (CVNA) concluded the recent trading session at $60.19, signifying a -4.08% move from its prior day's close.
Carvana (CVNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CVNA's growth is impressive, but SAH's diversification, improving earnings outlook and broader revenue base make it the more balanced buy.
Carvana (CVNA) closed the most recent trading day at $67.34, moving 4.7% from the previous trading session.
Carvana's 20% YTD slide contrasts with record EBITDA, rapid unit growth and expanding capacity, making the dip look like a buying opportunity.