Carvana Slides 19% On Earnings Beat As Full-Year Profit Forecast Misses
Carvana reported second-quarter net income of $513 million, beating earnings estimates of 36 cents per share and sales forecasts of $7.38 billion. Adjusted EBITDA rose to a record $769 million, marking the retailer’s tenth consecutive quarter of year-over-year growth.
The company warned that full-year earnings may fall short of Wall Street expectations, capping annual profit forecasts at $3 billion. Management cited slowing growth rates and lower per-car profit margins in the most recent quarter for the outlook adjustment. Shares slid nearly 20% on the results.
From the sources (4 posts)
@alphasenseinc$CVNA Earnings: - Record Net Income of $513 million (+$205 million YoY) - Record Adjusted EBITDA of $769 million (+$168 million YoY) - Record GAAP Operating Income of $680 million (+$169 million YoY) “Q2 2026 was Carvana’s 10th consecutiv
@trendspider$CVNA DOWN NEARLY -20% ON EARNINGS 🩸 EPS: $0.42 vs $0.36 est Sales: $7.376B vs $6.907B est 🟥 -19.19%
@cnbcCarvana posts record quarterly profits, forecasts up to $3 billion in earnings this year
@businessCarvana said its full-year earnings may fall short of Wall Street’s expectations as the used-car retailer’s rapid growth slowed and per-car profit slipped in the most recent quarter