Carvana Reports Record Q2 Beat — Stock Falls Anyway
Carvana Co. (NYSE: CVNA ) shares are trading lower Thursday after the company reported second-quarter financial results. Also, Needham and Morgan Stanley lowered their respective price targets on the stock. Carvana stock is showing notable weakness. What’s behind CVNA decline? Carvana’s Growth Streak Hits 10 Quarters Carvana reported earnings per share of 42 cents, beating the consensus estimate of 36 cents. In addition, it reported revenue of $7.37% billion, beating the consensus estimate of $6.90 billion. Carvana sold 197,325 retail units, up 38% year-over-year, marking an all-time quarterly record. Net income came in at a record $513 million, up $205 million year-over-year, while adjusted EBITDA reached a record $769 million, up $168 million year-over-year. GAAP operating income also hit a record $680 million, up $169 million year-over-year. “Q2 2026 was Carvana’s...
Carvana Co. (NYSE: CVNA ) shares are trading lower Thursday after the company reported second-quarter financial results. Also, Needham and Morgan Stanley lowered their respective price targets on the stock. Carvana stock is showing notable weakness.
What’s behind CVNA decline? Carvana’s Growth Streak Hits 10 Quarters Carvana reported earnings per share of 42 cents, beating the consensus estimate of 36 cents. 90 billion. Carvana sold 197,325 retail units, up 38% year-over-year, marking an all-time quarterly record.
Net income came in at a record $513 million, up $205 million year-over-year, while adjusted EBITDA reached a record $769 million, up $168 million year-over-year. GAAP operating income also hit a record $680 million, up $169 million year-over-year. “Q2 2026 was Carvana’s 10th consecutive quarter of industry-leading growth and profitability, and it was made possible by the foundations we laid in the 10 years prior,” said Ernie Garcia, Carvana founder and CEO. S.
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