Carvana Reports First Positive Net Income Quarter

Revenue of $3.336 Billion, an increase of 198% YoY

Carvana

Carvana Co., the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended June 30, 2021. Carvana’s complete second quarter 2021 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

“This was a landmark quarter for Carvana. We delivered over 100,000 cars in the quarter growing 96% vs. a year ago and reported our first positive net income quarter,” said Ernie Garcia, founder and CEO of Carvana. “This quarter we were also named to the Fortune 500 list, becoming one of the four fastest companies to ever make the list with organic growth. We are extremely proud of this milestone and even prouder of the team that has made all of this possible.”

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