Overview

• Carvana sold 143,280 retail vehicles in Q2, a 41% year-over-year increase, while revenue rose 42% to $4.84 billion.
• The company reported GAAP earnings of $1.28 per share and $308 million in profit, beating analyst expectations across the board.
• Tariff-related pricing dynamics in April contributed an estimated $100 uplift per unit to retail gross profit as auto tariffs tightened new-car supply.
• E-commerce refinements delivered cars 0.7 days faster and cut operations expense by $150 per unit, improving operational efficiency.
• Carvana raised its guidance for third-quarter unit sales and projects full-year EBITDA between $2.0 billion and $2.2 billion to support its long-term expansion goals.