🚀 Carvana Stock Soars to ATH as Retail Sales Shatter Records

Carvana just put the pedal to the metal—stock hits uncharted territory while retail numbers leave skeptics eating dust.

### The Vroom-vroom Rally

No brakes on this ride. The online used-car dealer's shares shifted into hyperdrive, fueled by consumer demand that's crushing expectations. Wall Street analysts are scrambling to adjust their price targets—again.

### Showroom in Your Pocket

While legacy dealers cling to their lots, Carvana's digital-first model keeps bypassing the middleman. Their vending-machine towers might look gimmicky, but the balance sheet doesn't lie. (Well, usually.)

### The Fine Print

Sure, the stock's flying—but remember when everyone thought WeWork was 'revolutionizing office space'? Another quarter like this, and even the shorts will be buying convertibles.

Key Takeaways

• Carvana exceeded earnings and revenue estimates on higher demand for both retail and wholesale vehicles.
• The used car retailer set a quarterly record for revenue and retail units sold.
• Shares soared to an all-time high on the news.

Shares of Carvana (CVNA) skyrocketed to an all-time high Thursday when the used car retailer beat earnings and revenue expectations as it sold more retail and wholesale vehicles.

The company reported second-quarter GAAP earnings per share of $1.28 on revenue that soared 42% to a quarterly record of $4.84 billion. Analysts surveyed by Visible Alpha had expected $0.97 and $4.58 billion, respectively.

Retail units sold ROSE 41% to 143,280, which also set a quarterly record, and wholesale units sold jumped 45% to 72,770. Both were above Visible Alpha estimates.

Founder and CEO Ernie Garcia credited the performance to the company's "superior business model." Garcia said the results showed Carvana was again "the fastest growing and most profitable automotive retailer, both by significant margins."

The company anticipates current-quarter retail units sold will increase from Q2, and full-year EBITDA will be $2.0 billion to $2.2 billion.

Following the report, JPMorgan raised its end-of-year price target to $415 from $350, pointing to Carvana's retail gross profit per unit of $3,734.

Carvana shares, which were up 18% to about $394 in recent trading after earlier touching a record $413.22, have nearly doubled in 2025. 

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