Carvana sold a quarterly record of 197,325 retail units in the second quarter, delivering 38% year-over-year growth in volume. That sales pace translated into total revenue of $7.38 billion, a 52% expansion from the prior-year period. The growth streak began after the e-commerce car retailer restructured operations and refocused on profitability following a period of rapid expansion.

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.