Carvana reported record second-quarter results with $513 million net income, a 38% increase in vehicle sales, and $7.38 billion revenue, surpassing analyst estimates. The company expects full-year earnings between $2.7 billion and $3 billion, projecting a flat second half compared to the first. CEO Ernie Garcia highlighted Carvana's continued growth and profitability, aiming to sell 3 million cars annually and reach a 13.5% adjusted EBITDA margin by 2030-2035. Despite a slight margin dip due to expansion, Carvana sees significant market share growth potential.
Carvana Co. has shown impressive growth by nearly doubling its revenue and improving profitability over the last three years, driven by its digital-first approach in the used car market. Despite operational gains and expanding sales, the stock is rat...
AllianceBernstein Global High Income Fund, Inc. released its monthly portfolio update as of June 30, 2026, detailing its top fixed-income holdings and sector allocations. The fund holds a diversified portfolio with significant exposure to non-investm...
