Carvana Q2 Revenue Jumps 52% to $7.38B as Profit More Than Doubles
CVNA is trading near its 52-week low of $54.464 (4.5% above the low).
Summary
Carvana's Q2 2026 results crushed expectations, with revenue up 52% to $7.38B and net income more than doubling to $513M. The company also expanded its Ally financing commitment to $8B.
Updates
· Benzinga — Morgan Stanley cut its price target to $90 and Needham maintained at $120. Shares fell 14.22% on July 30, the second day of trading on the results.
· Reuters — Adjusted EBITDA margin contracted to 10.4% from 12.4% a year ago, and shares fell 15% after hours. Carvana issued first full-year profit outlook of $2.7-$3.0B adjusted EBITDA and expects sequential unit growth in Q3.
Key Events · Earnings and Guidance · CVNA
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Revenue Surges 52%
Driven by a 37.7% jump in retail units sold to 197,325, Q2 2026 revenue hit $7.38 billion, up from $4.84 billion in the prior-year quarter.
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Profitability Soars
Net income attributable to Carvana Co. reached $310 million ($0.43 per diluted share), compared with $183 million ($0.26 per diluted share) a year ago. Adjusted EBITDA rose to $769 million.
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Ally Commitment Expanded to $8B
On July 27, 2026, the Ally MPSA was amended to raise the commitment to purchase finance receivables to $8.0 billion through July 2027, up from $6.0 billion.
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Insiders Adopt 10b5-1 Trading Plans
Director Gregory Sullivan and President Thomas Taira each adopted Rule 10b5-1 trading plans on June 15, 2026, for potential sales of up to 142,140 and 200,000 shares, respectively.
Analysis · CVNA · Trade & Services
A standout quarter saw revenue climb 52% to $7.38 billion and net income more than double to $513 million. Retail unit sales expanded 38%, while adjusted EBITDA reached $769 million. Financing capacity for further growth was bolstered by an increase in the Ally loan purchase commitment to $8 billion. Two insiders adopted 10b5-1 trading plans, hinting at possible future sales. With the stock trading near its 52-week low, these robust results could serve as a catalyst for a re-rating.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.8% of the 328 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CVNA was trading at $56.93 on NYSE in the Trade & Services sector, with a market capitalization of approximately $72.7B. The 52-week trading range was $54.46 to $97.38. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.