Carvana (US:CVNA) ZACKSยท2025-07-31 16:56Core Insights - Carvana reported second-quarter earnings of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.10 and significantly up from 14 cents per share in the same quarter last year [1][9] - Total revenues reached $4.84 billion, surpassing the Zacks Consensus Estimate by 5.62% and reflecting a 42% year-over-year increase [1][9] Financial Performance - Total gross profit was $1.06 billion, a 49% increase year over year, with gross profit per unit (GPU) rising to $7,426 from $7,049 [2] - Selling, General and Administrative (SG&A) expenses were $551 million, up 21.1% year over year [2] - Adjusted EBITDA for the quarter was $601 million, with an adjusted EBITDA margin of 12.4%, up from 10.4% in the previous year [2][9] Segmental Performance - Retail vehicle sales totaled $3.41 billion, a 41.2% increase year over year, with 143,280 vehicles sold, exceeding estimates [3] - Wholesale vehicle sales reached $1.02 billion, up 42.2% year over year, with 72,770 vehicles sold, also surpassing estimates [4] - Other sales and revenues increased by 47.3% year over year to $411 million, with GPU at $2,869 [5] Financial Position - As of June 30, 2025, Carvana had cash and cash equivalents of $1.86 billion, up from $1.72 billion at the end of 2024 [6] - Long-term debt was $5.32 billion, slightly up from $5.26 billion at the end of 2024 [6] Outlook - For the third quarter of 2025, Carvana anticipates a sequential rise in retail unit sales [7] - The company expects full-year 2025 adjusted EBITDA to be in the range of $2 billion to $2.2 billion, an increase from $1.38 billion in 2024 [7]