Q2 2026 Earnings

EX-99.1 2 ex99_1q22026.htm EX-99.1 Document Exhibit 99.1 Dear Shareholders, The second quarter was another excellent quarter for Carvana. In the quarter, we grew unit sales 38% to 197k units, almost double what we sold just two years ago. This once again made us the fastest-growing company in automotive retail. We also earned over $500 million in Net income and $769 million in Adjusted EBITDA, crossing $2 billion and $3 billion in annual Net income and Adjusted EBITDA run rates, respectively, for the first time. Our Net income and Adjusted EBITDA margins were 7% and 10.4%, respectively, which once again made us the most profitable automotive retailer by a significant margin of 2-3x. This marks 10 straight quarters of being the fastest-growing and most profitable automotive retailer - achieving both by large margins. Since we went public in 2017, we have said that we believe the biggest d...