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PHOENIX - Carvana Co. (NYSE:CVNA) shares surged 15.7% after the online used-car retailer reported second-quarter revenue that exceeded analyst expectations and provided upbeat full-year guidance.
The e-commerce platform for buying and selling used cars posted revenue of $4.84 billion for the quarter ended June 30, 2025, beating the consensus estimate of $4.56 billion and representing a 42% increase YoY. The company sold a record 143,280 retail units during the quarter, up 41% compared to the same period last year.
Carvana’s stock jumped following the announcement as investors responded positively to the company’s strong performance and optimistic outlook. The company reported net income of $308 million with a record second-quarter net income margin of 6.4%, while adjusted EBITDA reached $601 million with a 12.4% margin.
"Carvana’s industry-leading growth is the result of delivering an experience that customers love, and our industry-leading profitability is driven by our unique, efficient, and vertically integrated business model," said Ernie Garcia, Carvana founder and CEO.
Looking ahead, the company expects a sequential increase in retail units sold in the third quarter. For the full year 2025, Carvana forecasts adjusted EBITDA of $2.0 to $2.2 billion, a significant improvement from $1.38 billion last year, assuming stable market conditions.
The strong results demonstrate Carvana’s continued momentum in the online used car market, with its vertically integrated model helping drive both growth and profitability despite broader economic uncertainties in the automotive sector.
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