Carvana stock drops 31% YTD amid shrinking profit per vehicle despite record sales.

Carvana's stock has fallen 31% this year despite record used-car sales, as profit per vehicle declines and financing pressures mount. The company sold 197,325 units in Q2 2026, up 38% year-over-year, but gross profit per unit dropped by $412 and EBITDA margins fell from 12.4% to 10.4%. Rising interest rates and $4.85 billion in debt have squeezed financing profits. Carvana is expanding reconditioning capacity to boost inventory and improve sales conversion, aiming for higher margins and growth by 2030-2035. The upcoming Q3 report will be critical to see if these strategies improve profitability and stabilize the stock.

Carvana's stock continues to face pressure, trading at USD 58.36 on Pluang with a slight 0.80% decline in the last day. As of Oct 20, 2026 02:01 WIB, the stock is near its 52-week low of USD 56.27, reflecting ongoing challenges despite strong sales growth.