Carvana stock falls 15% as auto retailer's 2026 earnings guidance misses Wall Street's expectations

Carvana announced on Wednesday that it projects earnings of between $2.7 billion and $3 billion for the current fiscal year, following the release of its second‑quarter results, which marked a record performance for the online used‑car retailer. The company highlighted the strong sales volume and improved operational efficiencies that drove the quarterly earnings to new highs.

The record second‑quarter figures, though not detailed in the statement, were cited as the primary factor behind the upward‑adjusted earnings guidance. Carvana indicated that the momentum from the quarter is expected to continue, supported by ongoing investments in its digital platform and logistics network.

Analysts will now assess how the revised outlook aligns with market expectations and the broader automotive sector’s trends, while Carvana aims to sustain its growth trajectory throughout the remainder of the year.