Carvana Surpasses Q2 Expectations with Record Earnings and Optimistic Outlook

Carvana surpasses Wall Street expectations with a net income of $48 million and a record adjusted EBITDA of $355 million for Q2 2024. The company reports a 32.5% increase in retail vehicle sales and plans a $1 billion stock offering to strengthen its financial position. With optimistic projections for the remainder of the year, Carvana is poised for significant growth in the online used car market.