Carvana Q2 2026: Retail sales surge 38% to 197k units

Carvana posted Q2 2026 results driven by a 38% increase to 197k retail units sold and $513 million in net income, reaching a $2 billion annual run rate. However, the company reported a 2-3x margin decline in profitability vs. competitors and a decrease in Adjusted EBITDA margin to 10.4%.