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 ( CVNA ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $4.84 $4.59

Revenue bln bln (18

Analysts

)

Q2 Net $308 mln

Income

Q2 Beat $601 mln $551.90

Adjusted mln (17

EBITDA Analysts

)

Q2 12.4%

Adjusted

EBITDA

Margin

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 ( CVNA ) 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:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)