Carvana Q2 2025 Financial Results

SEC Filing 8-K (0001690820-25-000310)

Carvana Co. announced its financial results for the second quarter of 2025, reporting a 41% year-over-year increase in retail units sold, reaching a record 143,280 units. Total revenue grew by 42% to $4.840 billion. The company achieved a net income of $308 million, with a net income margin of 6.4%, and an Adjusted EBITDA of $601 million, resulting in an industry-leading Adjusted EBITDA margin of 12.4%. Carvana also reported a GAAP operating income of $511 million. The company expects a sequential increase in retail units sold in Q3 2025 and forecasts Adjusted EBITDA of $2.0 to $2.2 billion for the full year 2025, up from $1.38 billion in 2024.