Dear Carvana Stock Fans, Mark Your Calendars for February 18

Core Viewpoint - Carvana's upcoming earnings report on February 18, 2026, is critical for investors, as it may redefine the company's narrative following its turnaround and inclusion in the S&P 500 Index [1][2]. Company Overview - Carvana is an e-commerce platform specializing in the online buying, selling, financing, and home delivery of used vehicles, based in Tempe, Arizona [4]. - Since its IPO in 2017, Carvana has transformed from near-bankruptcy to achieving strong profitability margins, streamlined operations, and rapid sales growth, currently holding a market capitalization of $74.8 billion [5]. Financial Performance - The company has shown significant growth in retail unit sales and revenue, marking a turnaround from previous years of volatility and losses [6]. - Carvana's stock reached a 52-week high of $486.89 on January 23, 2026, driven by improved fundamentals and investor confidence [6]. Market Dynamics - Despite a strong performance, Carvana's stock has retreated by 29.3% from its peak, with total 52-week returns at approximately 27% [7]. - Recent investor anxiety has been fueled by a report from Gotham City Research alleging accounting irregularities, leading to a nearly 14% decline in stock price over the past five days and an 18% drop year-to-date [8].