Carvana reported record second-quarter results with a 38% increase in retail units sold to 197,000, net income of $513 million, and adjusted EBITDA of $769 million. CEO Ernie Garcia credited the gains to improved operations powered by AI, including the AI customer service agent Sebastian, which has helped reduce customer care costs by 40% over three years. The company is also expanding into new car sales through Stellantis dealerships, applying its digital sales model to new vehicles. This technological and operational progress positions Carvana strongly despite an overall industry downturn.
Carvana reported Q2 earnings that beat expectations but revealed shrinking gross profit per unit and declining adjusted EBITDA margins. The company’s full-year 2026 profit forecast disappointed investors, projecting adjusted EBITDA between $2.70 bill...
Carvana reported record Q2 net income of $513 million and adjusted EBITDA of $769 million, driven by strong unit growth and higher used car prices. Despite this, shares fell nearly 12% as the company issued a conservative full-year EBITDA guidance of...
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, project...
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...
