Carvana Shares Dip 0.86 as $1.38B Volume Ranks 61st Amid Record Q2 EBITDA and 42 YoY Revenue Growth

On July 30, 2025, Carvana (CVNA) closed down 0.86% with a trading volume of $1.38 billion, ranking 61st in market activity. The stock’s performance contrasted with its record-breaking Q2 2025 results, which included 41% year-over-year growth in retail units sold to 143,280, total revenue of $4.84 billion (+42% YoY), and a net income margin of 6.4%. Adjusted EBITDA reached $601 million, reflecting a 12.4% margin, the highest in the industry. CEO Ernie Garcia highlighted the vertically integrated business model as a driver of profitability, with sequential growth expected in Q3 and a full-year Adjusted EBITDA target of $2.0–$2.2 billion, up from $1.38 billion in 2024.

Carvana’s operational efficiency and scale benefits underpinned its financial strength. The company reported a 200-basis-point improvement in Adjusted EBITDA margin year-over-year, outpacing peers. Management emphasized leveraging infrastructure expansion, including 12 integrated ADESA sites, to reduce costs and enhance margins. Despite macroeconomic uncertainties, the company remains focused on expanding its market share in the U.S. used car sector, currently at 1.5%, and aims to achieve 3 million annual vehicle sales within five to ten years.

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