Carvana stock is showing notable weakness. What’s behind CVNA decline?
Carvana’s Growth Streak Hits 10 QuartersCarvana reported earnings per share of 42 cents, beating the consensus estimate of 36 cents. In addition, it reported revenue of $7.37% billion, beating the consensus estimate of $6.90 billion.Carvana sold 197,325 retail units, up 38% year-over-year, marking an all-time quarterly record. Net income came in at a record $513 million, up $205 million year-over-year, while adjusted EBITDA reached a record $769 million, up $168 million year-over-year. GAAP operating income also hit a record $680 million, up $169 million year-over-year.“Q2 2026 was Carvana’s 10th consecutive quarter of industry-leading growth and profitability, and it was made possible by the foundations we laid in the 10 years prior,” said Ernie Garcia, Carvana founder and CEO. “At Carvana’s current run-rate scale of almost 800k retail units and over $2 billion net income, we are still just 1.5% of the U.S. automotive market.”Q3, FY GuidanceCarvana expects a sequential increase in retail units sold in the third quarter and full-year 2026 adjusted EBITDA of $2.7 billion to $3.0 billion.Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $116.72. Recent analyst moves include:
