When did Carvana report Q2 2025 earnings?

Carvana (CVNA) reported Q2 2025 earnings on July 30, 2025 after market close.

What were Carvana's Q2 2025 revenue and EPS?

Carvana reported revenue of $4.8B and diluted EPS of $1.28 for Q2 2025.

Did Carvana beat estimates in Q2 2025?

Revenue beat the consensus estimate of $4.6B by $263.0M. EPS beat the consensus estimate of $1.17 by $0.11.

How did Carvana's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 41.9% from $3.4B a year earlier and diluted EPS grew 814.3% from $0.14.

Where can I find Carvana's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0001690820-25-000312) directly on SEC EDGAR. The filing index links above go to sec.gov.

Carvana CVNA Q2 2025 earnings

Reported July 30, 2025 · After market close

Revenue$4.8BBeat by $263.0M Diluted EPS$1.28Beat by $0.11

Revenue estimate$4.6B

EPS estimate$1.17

Next report

Jul 29, 2026 (In 2 weeks)

Revenue estimate$6.9B

EPS estimate$0.42

Financials

Q2 2025

Income statement

See full

Revenue$4.8B+41.9%

Gross profit$1.1B+48.8%

Operating income$511.0M+97.3%

Net income$183.0M+917%

EPS (diluted)$2.11—

Balance sheet

See full

Cash & equivalents$1.9B+218%

Total debt$6.3B-1.5%

Total equity$1.7B+229%

Total assets$9.4B+30.6%

Cash flow

See full

Operating cash flow$29.0M-91.8%

CapEx$31.0M+40.9%

Free cash flow--100%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$43.61B+183%

Enterprise value$47.94B+127%

P/E77.5×—

P/S2.7×+1.4×

Profitability

See full

Gross margin21.9%+3.1pp

Operating margin9.2%+5.8pp

Net margin3.5%—

FCF margin3.8%—

Returns & leverage

See full

Return on equity49.9%—

Debt / equity3.6×-8.5×

Current ratio4×+0.9×

Segments

By product

See full

Used vehicle sales, net$3.4B+41.2%

Wholesale sales and revenues$1.0B+42.2%

By segment

See full

Reportable Segment$4.8B+41.9%

Versus estimates

Revenue

Q1 2026$6.4BBeat by $309.5M Q4 2025$5.6BBeat by $333.0M Q3 2025$5.6BBeat by $536.5M

Q2 2025$4.8BBeat by $263.0M

Q1 2025$4.2BBeat by $233.1M Q4 2024$3.5BBeat by $231.7M

Diluted EPS

Q1 2026$1.69Beat by $0.11 Q4 2025$4.22Beat by $3.08 Q3 2025$1.03Miss by $0.27

Q2 2025$1.28Beat by $0.11

Q1 2025$1.51Beat by $0.78 Q4 2024$0.56Beat by $0.27

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Questions, answered.

When did Carvana report Q2 2025 earnings?: Carvana (CVNA) reported Q2 2025 earnings on July 30, 2025 after market close.
What were Carvana's Q2 2025 revenue and EPS?: Carvana reported revenue of $4.8B and diluted EPS of $1.28 for Q2 2025.
Did Carvana beat estimates in Q2 2025?: Revenue beat the consensus estimate of $4.6B by $263.0M. EPS beat the consensus estimate of $1.17 by $0.11.
How did Carvana's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 41.9% from $3.4B a year earlier and diluted EPS grew 814.3% from $0.14.
Where can I find Carvana's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0001690820-25-000312) directly on SEC EDGAR. The filing index links above go to sec.gov.