Carvana Q2 revenue rises 42% to $4.84 billion; net income $308 million
Carvana reported results for the quarter ended June 30, 2025, with revenue of $4.84 billion, up 42% from a year earlier, and net income of $308 million, up from $48 million. Net income attributable to Carvana Co. was $183 million, compared with $18 million in the prior-year quarter. The company also expects full-year 2025 Adjusted EBITDA of $2.0 billion to $2.2 billion.
Key points
- Retail units sold were 143,280, up 41% year over year.
- GAAP operating income was $511 million, up from $259 million, and Adjusted EBITDA was $601 million, up $246 million.
- Full-year 2025 Adjusted EBITDA outlook is $2.0 billion to $2.2 billion, compared with $1.38 billion last year; the company also expects a sequential increase in retail units in Q3.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.