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Carvana CVNA Q2 2026 earnings

Reported July 29, 2026 · After market close

Revenue$7.4BBeat by $478.6M
EPS$0.42Beat by $0.03
Revenue estimate$6.9B
EPS estimate$0.39

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$7.6B
EPS estimate$0.44

Financials

Q2 2026

Income statement

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Revenue$7.4B+52.4%
Gross profit$1.4B+30.1%
Operating income$680.0M+33.1%
Net income$310.0M+69.4%
EPS (diluted)$0.42+61.5%

Balance sheet

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Cash & equivalents$2.7B+42.1%
Total debt$5.8B-8.2%
Total equity$4.0B+133%
Total assets$14.6B+55.4%

Cash flow

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Operating cash flow$238.0M+721%
CapEx$51.0M+64.5%
Free cash flow$187.0M—

Valuation & ratios

Valuation

as of 10/05/26
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Market cap$45.91B-10.0%
Enterprise value$48.92B-10.4%
P/E29.3×-51.9×
P/S1.8×-1.0×

Profitability

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Gross margin19.4%-2.5pp
Operating margin8.9%-0.3pp
Net margin6.3%+2.8pp
FCF margin3.7%-0.1pp

Returns & leverage

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Return on equity54.5%+4.6pp
Debt / equity1.4×-2.2×
Current ratio3.9×-0.1×

Segments

By product

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Used vehicle sales, net$5.5B+61.7%
Wholesale sales and revenues$1.3B+31.2%

By segment

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Reportable Segment$7.4B+52.4%

FAQ

When did Carvana report Q2 2026 earnings?
Carvana (CVNA) reported Q2 2026 earnings on July 29, 2026 after market close.
What were Carvana's Q2 2026 revenue and EPS?
Carvana reported revenue of $7.4B and eps of $0.42 for Q2 2026.
Did Carvana beat estimates in Q2 2026?
Revenue beat the consensus estimate of $6.9B by $478.6M. EPS beat the consensus estimate of $0.39 by $0.03.
How did Carvana's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 52.4% from $4.8B a year earlier and eps declined 67.2% from $1.28.
Where can I find Carvana's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001690820-26-000054) and the 10-Q periodic report (0001690820-26-000055) directly on SEC EDGAR. The filing index links above go to sec.gov.