Carvana's second quarter revenue surged 52% to $7.4B, far exceeding estimates, driven by strong unit growth.

Carvana reported second quarter 2026 revenue of $7.38 billion and diluted EPS of $0.42, significantly beating revenue expectations while meeting on earnings. The company demonstrated strong top-line momentum with a 38% increase in retail units sold year-over-year.

Key Highlights

• Revenue grew 52% year-over-year to $7.38 billion, substantially exceeding the $4.18 billion analyst consensus.
• Retail units sold increased 38% from the prior year to 197,325, continuing the company's trend of rapid volume growth.
• Total Gross Profit per Unit (GPU) was $7,014, a decrease of $412 from the same period last year and below the $7,350 estimate.
• The company raised its full-year 2026 Adjusted EBITDA guidance to a range of $2.7 billion to $3.0 billion, up from $2.24 billion last year.