MW Carvana's profit jumps, and it's all because of this metric

By Claudia Assis

Carvana reports 'record' car sales in the second quarter

Carvana Co.'s stock rocketed more than 15% in the extended session Wednesday, boosted by sales and profit well above Wall Street's expectations, but one data point seemed to be the icing on the cake for the company, an online platform for used-car sales.

Carvana (CVNA) said it sold a little more than 143,000 vehicles to retail buyers, a 41% increase year on year, setting a new record for the company. Analysts polled by FactSet expected the sale of about 142,000 retail units.

Carvana said it expects retail unit sales to grow in the current quarter "as long as the environment remains stable." It called for adjusted profit between $2 billion and $2.2 billion for 2025, which would be an increase from $1.38 billion last year.

The company reported GAAP earnings of $1.28 a share, ahead of FactSet expectations of $1.03 a share and second-quarter 2024 GAAP earnings of 14 cents a share.

Carvana is delivering a car-buying experience that "customers love," and and its vertically integrated business model drives profits, Chief Executive Ernie Garcia said in a statement.

Carvana shares ended the regular trading day down nearly 1%. So far this year, the stock has gained more than 60%, compared with gains of around 8% for the S&P 500 index SPX.

-Claudia Assis

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July 30, 2025 16:55 ET (20:55 GMT)

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