Carvana Co. announced its financial results for the second quarter of 2025, reporting record-breaking performance. The company sold 143,280 retail units, marking a 41% increase year-over-year, contributing to a total revenue of $4.840 billion, up 42% compared to the same quarter last year. Carvana achieved a net income of $308 million, with a net income margin of 6.4%. The company also reported an Adjusted EBITDA of $601 million, resulting in an Adjusted EBITDA margin of 12.4%, while GAAP Operating income was $511 million with a GAAP Operating margin of 10.6%. Looking ahead, Carvana anticipates a sequential increase in retail units sold for the third quarter, with an Adjusted EBITDA expected to range between $2.0 to $2.2 billion for the full year 2025, an increase from $1.38 billion in the previous year. Ernie Garcia, Carvana's founder and CEO, highlighted the company's industry-leading growth and profitability, attributing it to their unique, efficient, and vertically integrated business model, which enhances customer experiences and drives profitable growth.
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