🔴 Carvana is trading 11% down today as soft 2026 EBITDA guidance offsets Q2 earnings beat

Carvana is trading 11% down at $59.26 after a sharp post-earnings reversal as soft 2026 EBITDA guidance offsets a strong Q2 beat.

• The company reported strong Q2 results with revenue up 52% year-over-year to $7.38 billion and solid EPS.
• Management’s full-year 2026 adjusted EBITDA guidance of $2.7–$3.0 billion came in below market expectations, triggering a repricing of the stock.
• Investors appear to be taking profits and focusing on more conservative margin and EBITDA outlooks despite continued robust unit growth.