Used car retailer Carvana exceeded earnings and revenue estimates, setting a quarterly record for revenue and retail units sold. Shares soared to an all-time high on the news. Second-quarter GAAP earnings per share were $1.28 on revenue of $4.84 billion, with retail units sold rising 41% to 143,280. CEO credits performance to superior business model. Company anticipates growth in retail units sold and full-year EBITDA of $2.0 to $2.2 billion. JPMorgan raises price target to $415. Shares nearly doubled in 2025.

Read more at Yahoo Finance: Carvana Stock Hits All-Time High on Record Retail Sales