CVNA Carvana (CVNA) Q2 FY26 earnings call
Carvana delivered record Q2 FY26 results, driven by strong retail unit growth and operational execution, achieving an adjusted EBITDA annual run rate over $3 billion. The company continues to invest in its 'machine' to scale capacity and enhance customer experience, aiming for 3 million units and 13.5% adjusted EBITDA margin by 2030-2035. Management highlighted the flexibility of its model to balance growth and profitability amidst market dynamics and internal constraints.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
CVNA operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Retail units sold | 114.379KRetail units sold totaled 114,379 in Q4, an increase of 50%, a significant acceleration from Q3, leading to the second highest quarterly retail unit sales in our history despite Q4 being a seasonally lower demand period.Source: earnings call transcript | 133.898KRetail units sold totaled 133,898 in Q1, an increase of 46% and a new company record.Source: earnings call transcript | 143.28KRetail units sold totaled 143,280 in Q2, an increase of 41% and a new company record.Source: earnings call transcript | 155.941KRetail units sold totaled 155,941 in Q3, an increase of 44% and a new company record.Source: earnings call transcript | 163.522KRetail units sold totaled 163,522 in Q4, an increase of 43% and a new company record.Source: earnings call transcript | 187.393KRetail units sold totaled 187,393 in Q1, an increase of 40%, and a new company record.Source: earnings call transcript | 197.325KRetail units sold totaled 197,325 in Q2, an increase of 38% and a new company record.Source: earnings call transcript | +5.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.