Carvana Q2 revenue beats expectations
Overview
Carvana Q2 2025 revenue of $4.84 bln beats analyst expectations, per LSEG data
Adjusted EBITDA for Q2 2025 beats consensus, reaching $601 mln, per LSEG data
The online-only used car retailer anticipates sequential increase in retail units sold in Q3 2025
Outlook
Carvana expects Q3 retail units sold to increase sequentially
Company forecasts full-year 2025 adjusted EBITDA of $2.0 to $2.2 bln
Result Drivers
RETAIL UNIT GROWTH - 41% YoY increase in retail units sold attributed to customer experience and differentiated business model
VERTICAL INTEGRATION - Co cites vertically integrated operations as key to achieving industry-leading profitability
SEQUENTIAL GROWTH EXPECTATION - Carvana expects a sequential increase in retail units sold in Q3 2025
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $4.84 bln | $4.59 bln (18 Analysts) |
Q2 Net Income | $308 mln | ||
Q2 Adjusted EBITDA | Beat | $601 mln | $551.90 mln (17 Analysts) |
Q2 Adjusted EBITDA Margin | 12.4% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Carvana Co is $340.00, about 1% above its July 29 closing price of $336.50
The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 62 three months ago
Press Release:
