Carvana (CVNA) reported second quarter results on Wednesday that beat revenue and profit expectations as record retail unit sales pushed the online used-car retailer to its most profitable quarter ever. Carvana posted adjusted EPS of $0.42 versus $0.38 estimated, with adjusted EBITDA hitting a record $769 million versus $766.2 million expected. But Carvana stock tumbled more than 20% after the bell before narrowing losses to 6% in premarket trading today as guidance disappointed. Carvana said it expects full-year adjusted EBITDA of $2.7 billion to $3.0 billion, up from $2.24 billion in 2025. Carvana said its current footprint supports an annual capacity of about 1.5 million retail units, with real estate to eventually support 3 million.