Carvana reported second-quarter 2026 earnings of 42 cents per share, matching the Zacks Consensus Estimate and rising 61.5% from a year earlier. Revenue jumped 52.4% to $7.37 billion, beating the $6.99 billion consensus by 5.5%, driven by record retail unit sales of 197,325, up 37.7%, and a 17.4% increase in revenue per retail unit to $27,908. Total gross profit grew 30.1% to $1.38 billion, though gross profit per unit fell $412 to $7,014, and adjusted EBITDA margin narrowed to 10.4% from 12.4% as selling, general and administrative expenses rose. The company expanded production capacity by integrating retail capabilities at three additional ADESA sites, bringing the total to 19, and began construction on its first full buildout at an ADESA location, with the current footprint supporting annual capacity for about 1.5 million retail units. Carvana ended the quarter with $2.63 billion in cash and $7 billion in total liquidity, and it set full-year 2026 adjusted EBITDA guidance of $2.7 billion to $3 billion, up from $2.24 billion in 2025, while reiterating a long-term target of 3 million annual unit sales and a 13.5% adjusted EBITDA margin between 2030 and 2035.
Carvana CoQ2 earnings met estimates, revenue beat on record retail volume, and raised FY2026 EBITDA guidance.
Caesars Entertainment Corporation
