Carvana Posts Strongest Quarter Yet With 38% Sales Growth, Stock Dips on Guidance
Carvana reports 38% sales jump and $513M profit in Q2. Shares fall as full-year EBITDA guidance of $2.7–3.0B trails some forecasts.
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CarMax’s Turnaround Under New CEO: Progress Amid Persistent Challenges
CarMax reports Q2 earnings beat with 3.3% used vehicle sales growth, but profit per vehicle declines. New CEO Keith Barr pushes strategic overhaul amid operational challenges and activist pressure.
Carvana Crushes Q1 2026: 40% Sales Jump, $405M Profit, and Shares Surge
Carvana had a record Q1: sold 187k cars (+40%), revenue $6.4B, strong profit, fast growth, expects better Q2; stock up.
BofA Turns Neutral on Carvana Amid Rising Oil Prices
BofA cut Carvana to Neutral: higher gas and rates hurt buyers, so upside is limited and risks are now evenly balanced.
Carvana's First-Ever Stock Split: 5-for-1 Move Makes Shares More Accessible
Carvana announces first-ever 5-for-1 forward stock split, pending May 5, 2026 shareholder approval, to boost team ownership and affordability.
Starboard Targets CarMax: $350M Investment Backs Keith Barr to Revamp Used-Car Giant
Activist Starboard takes $350M stake in CarMax, nominates board members, and pushes for faster turnaround under incoming CEO Keith Barr.