Carvana Co (NYSE:CVNA) reported second-quarter financial results after the market close on Wednesday. Here’s a rundown of the report.

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Carvana Q2 Earnings Highlights

Carvana reported second-quarter revenue of $7.38 billion, beating analyst estimates of $6.91 billion, according to Benzinga Pro. The company reported second-quarter earnings of 42 cents per share, beating estimates of 36 cents per share.

Total revenue increased 52% year-over-year after Carvana sold 197,325 vehicles in the second quarter. Vehicle sales were up 38% on a year-over-year basis.

“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, co-founder and CEO of Carvana.

“We built an experience customers love, our model gets better as we get bigger, and our execution is the key driver of our progress from here.”

Carvana expects an increase in retail units sold in the third quarter compared to the second quarter. The company also guided for full-year adjusted EBITDA of $2.7 billion to $3 billion. Adjusted EBITDA in the second quarter came in at $769 million.

“We remain firmly on the path to selling three million cars per year and to achieving 13.5% Adjusted EBITDA margin by 2030 to 2035,” the company said in a letter to shareholders.

Carvana’s management team will discuss the quarter on an earnings call with investors and analysts at 5:30 p.m. ET.

CVNA Stock Dives After Hours

CVNA Price Action: Carvana shares were down 15.57% in after-hours Wednesday, trading at approximately $56 at the time of publication, according to Benzinga Pro.

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