CVNA - Earnings announcements

Record 187k retail units drive industry-leading 40% YoY growth Record Q1 Net Income of $405 Million; Net Income margin of 6.3% Record Adjusted EBITDA of $672 Million; industry-leading 10.4% Adjusted EBITDA margin Expects sequential increase in retail units sold and Adjusted EBITDA1 in Q2 2026, leading to all-time company records on both metrics Carvana (NYSE:CVNA), the leading e-commerce platform for buying and selling cars, today announced financial results for the quarter ended March 31, 2026. Carvana's complete first quarter 2026 financial results and management commentary are available in the company's shareholder letter on the quarterly results page of its Investor Relations we

Carvana (NYSE:CVNA), the industry pioneer for buying and selling cars online, today announced it will report its first quarter 2026 financial results for the period ended March 31, 2026, after the market closes on Wednesday, April 29, 2026. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What:   Carvana First Quarter 2026 Financial Results Conference Call When:   Wednesday, April 29, 2026 Time:   5:30 p.m. ET (2:30 p.m. PT) Live Call:   (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible

Record Full Year Retail Units Sold of 596,641, up 43% YoY Record Full Year Revenue of $20.3 billion, up 49% YoY Record Full Year Net Income of $1.9 billion1, up more than $1 billion YoY Record Full Year Adjusted EBITDA of $2.2 billion, up more than $850 million YoY Expects Significant Growth in Retail Units Sold and Adjusted EBITDA2 in FY 2026 and Sequential Increase in Retail Units Sold and Adjusted EBITDA2 in Q1 Carvana (NYSE:CVNA), a leading e-commerce platform for buying and selling cars, today announced financial results for the full year and quarter ended December 31, 2025. Carvana's complete fourth quarter and fiscal year 2025 financial results and management commentary are

Carvana (NYSE:CVNA), an industry pioneer for buying and selling cars online, today announced it will report its fourth quarter and fiscal year 2025 financial results for the period ended December 31, 2025, after the market closes on Wednesday, February 18, 2026. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter 2025 Financial Results Conference Call When: Wednesday, February 18, 2026 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conferen

Record 156k retail units drive industry-leading 44% YoY growth Record $5.65 billion Revenue, up 55% YoY Industry-leading Net income of $263 million1, up $115 million YoY Record Adjusted EBITDA of $637 million, up $208 million YoY For Q4, Carvana expects retail units sold over 150k; for full year 2025, Carvana expects Adjusted EBITDA at or above the high end of previous $2.0 - $2.2 billion range2 Carvana (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended September 30, 2025. Carvana's complete third quarter 2025 financial results and management commentary are available in the company's shareholder le

Carvana (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2025 financial results for the period ended Sept. 30, 2025, after the market closes on Wednesday, Oct. 29, 2025. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Third Quarter 2025 Financial Results Conference Call When: Wednesday, Oct. 29, 2025 Time: 5:30 p.m. ET (2:30 p.m. PT) Live call: (833) 255-2830 or (412) 902-6715 A live webcast of the conference call will be accessible from the Investor Relations section of the company's website

Industry-leading 41% YoY retail unit growth drives new record 143k retail units Industry-leading Net income of $308 million generates record Q2 Net income margin of 6.4% Record Adjusted EBITDA of $601 million drives industry-leading 12.4% Adjusted EBITDA margin Expects a sequential increase in retail units sold in Q3 2025, and Adjusted EBITDA1 of $2.0 to $2.2 billion for full year 2025, an increase from $1.38 billion last year Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended June 30, 2025. Carvana's complete second quarter 2025 financial results and management commentary are available i

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2025 financial results for the period ended June 30, 2025, after the market closes on Wednesday, July 30, 2025. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Second Quarter 2025 Financial Results Conference Call When: Wednesday, July 30, 2025 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 A live webcast of the conference call will be accessi

Industry-leading 46% YoY retail unit growth drives new record for Retail Units Record Q1 Net Income of $373 Million delivers record Q1 Net Income margin of 8.8% Record Adjusted EBITDA of $488 Million drives industry-leading 11.5% Adjusted EBITDA margin Expects sequential increase in retail units sold and Adjusted EBITDA1 in Q2 2025, leading to all-time company records on both metrics Sets new objective of 3 million retail units at 13.5% Adjusted EBITDA margin in 5-10 years Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2025. Carvana's complete first quarter 2025 financial resul

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2025 financial results for the period ended March 31, 2025, after the market closes on Wednesday, May 7, 2025. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana First Quarter 2025 Financial Results Conference Call When: Wednesday, May 7, 2025 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investor

Drives Record Top and Bottom Line Results: Revenue of $13.67 Billion, Net Income of $404 Million and Adjusted EBITDA of $1.38 Billion Continues Industry-Leading Year-over-year Retail Unit Growth: 50% in Q4 and 33% for Full Year 2024 Delivers Record 3.0% Net Income margin and Industry-Leading 10.1% Adjusted EBITDA margin for Full Year 2024 Expects Significant Growth in Both Retail Units Sold and Adjusted EBITDA1 in Full Year 2025 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended December 31, 2024. Carvana's complete fourth quarter and fiscal year 2024 financial results and management commenta

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2024 financial results for the period ended December 31, 2024, after the market closes on Wednesday, February 19, 2025. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter 2024 Financial Results Conference Call When: Wednesday, February 19, 2025 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the co

Delivers Net Income of $148 Million and record Adjusted EBITDA of $429 Million Drives industry-leading 34% YoY Retail Unit growth, Net Income margin of 4.0%, and industry-leading 11.7% Adjusted EBITDA margin, a new best for public automotive retailers For Q4, Carvana expects a sequential increase in YoY growth rate for retail units; for full year 2024, Carvana expects Adjusted EBITDA significantly above the high end of previous $1.0 - $1.2 Billion range1 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended September 30, 2024. Carvana's complete third quarter 2024 financial results and management

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2024 financial results for the period ended September 30, 2024, after the market closes on Wednesday, October 30, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Third Quarter 2024 Financial Results Conference Call When: Wednesday, October 30, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investor Relations section of the

Delivers Net Income of $48M and Net Income Margin of 1.4% Drives industry-leading 33% YoY Retail Unit growth and industry-leading profitability among public automotive retailers with record 10.4% Adjusted EBITDA Margin Carvana expects a sequential increase in retail units in Q3 and FY 2024 Adjusted EBITDA of $1.0 - 1.2 Billion1 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended June 30, 2024. Carvana's complete second quarter 2024 financial results and management commentary are available in the company's shareholder letter on the quarterly results page of its Investor Relations website. "

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2024 financial results for the period ended June 30, 2024, after the market closes on Wednesday, July 31, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Second Quarter 2024 Financial Results Conference Call When: Wednesday, July 31, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investor Relations section of the company

Achieves positive Net Income margin and industry-leading Adjusted EBITDA margin while growing retail units 16% year-over-year Sets new Q1 records on key profitability metrics: Net Income $49 million; Adjusted EBITDA $235 million Carvana expects sequential increases in YoY retail unit growth rate and Adjusted EBITDA in Q21 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2024. Carvana's complete first quarter 2024 financial results and management commentary can be found by accessing the company's shareholder letter on the quarterly results page of its Investor Relations website.

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2024 financial results for the period ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What:   Carvana First Quarter 2024 Financial Results Conference Call When:   Wednesday, May 1, 2024 Time:   5:30 p.m. ET (2:30 p.m. PT) Live Call:   (833) 255-2830 or (412) 902-6715 An archived webcast of the con

New records for full year profitability: Net Income $150 million; Adjusted EBITDA $339 million Total Gross Profit per Unit reached new full year record $5,511 GAAP and $5,984 non-GAAP and set quarterly records in all four quarters of 2023 In Q1, Carvana expects Adjusted EBITDA significantly above $100 million1 and retail units slightly up on a year-over-year basis Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter and full year ended December 31, 2023. Carvana's complete fourth quarter 2023 and full year 2023 financial results and management commentary can be found by accessing the Company's shar

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2023 financial results for the period ended December 31, 2023, after the market closes on Thursday, February 22, 2024. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter 2023 Financial Results Conference Call When: Thursday, February 22, 2024 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the

Focus on profitability drives new Q3 bests: Net Income $741 Million; Adjusted EBITDA $148 Million Differentiated unit economics, including Q3 best GPU of $5,952 and Q3 best Non-GAAP GPU of $6,396, validate strength and profitability of Carvana business model Simultaneous 6% sequential retail unit growth and more than $400 per retail unit sequential SG&A expense reduction demonstrate early potential for significant operating leverage Q4 2023 focus remains on further differentiating unit economics; Carvana already has infrastructure in place to support efficient scale-up upon return to growth Carvana Co. (NYSE:CVNA), the fastest growing used car dealer in U.S. history, today announced

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2023 financial results for the period ended September 30, 2023, after the market closes on Thursday, November 2, 2023. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005793568/en/Carvana successfully disrupted the auto industry with a proven e-commerce model serving millions of satisfied customers and is the fastest growing used automotiv

The Nation's Largest Online Used Auto Retailer Also Expects To Achieve Positive Adjusted EBITDA In Third Quarter 2023, For The Second Consecutive Quarter Total gross profit per unit ("GPU") was $6,520, an increase of 94% compared to second quarter 2022, exceeding the Company's previous best quarter by 27% Total Non-GAAP GPU was $7,030, an increase of 91% compared to second quarter 2022, exceeding the Company's previous best quarter by 36% Total GAAP and Non-GAAP GPU benefited from approximately $900 per unit of non-recurring items Net loss margin was (3.5%), an improvement of 7.8% compared to second quarter 2022, and a sequential improvement of 7.5% compared to first quarter

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2023 financial results for the period ended June 30, 2023, before the market opens on Wednesday, July 19, 2023. On that day, management will hold a conference call and webcast at 8:00 a.m. ET (5:00 a.m. PT) to review and discuss the company's business and results. This announcement reflects a revision to the previously announced second quarter 2023 reporting date of August 3, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230718057707/en/Carvana successfully disrupted the auto industr

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2023 financial results for the period ended June 30, 2023, following the close of market on Thursday, August 3, 2023. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230706725162/en/Carvana successfully disrupted the auto industry with a proven e-commerce model serving millions of satisfied customers and is the fastest growing used automotiv

The Nation's Largest Online Used Auto Retailer Also Announced It Expects To Achieve Positive Adjusted EBITDA in Second Quarter 2023 and Has Already Delivered Previously Announced SG&A Reduction Plan Of $1 Billion One Quarter Early Total gross profit per unit ("GPU") was $4,303, an increase of 52% compared to first quarter 2022 Total Non-GAAP GPU was $4,796, an increase of 61% compared to first quarter 2022, the best first quarter in company history Net loss margin was (11.0%), an improvement of 3.5% compared to first quarter 2022 Adjusted EBITDA margin was (0.9)%, an improvement of 9.4% compared to fourth quarter 2022, resulting in the best first quarter in company history

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2023 financial results for the period ended March 31, 2023, following the close of market on Thursday, May 4, 2023. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana First Quarter 2023 Financial Results Conference Call When: Thursday, May 4, 2023 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessi

Full Year 2022 Retail Units Sold of 412,296, a decrease of 3% YoY Revenue of $13.604 Billion, an increase of 6% YoY Grew market share and revenue for the 9th consecutive year Fourth Quarter 2022 Retail Units Sold of 86,977, a decrease of 23% YoY Revenue of $2.837 Billion, a decrease of 24% YoY Continued to execute SG&A expense and inventory reduction plan Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter and full year ended December 31, 2022. Carvana's complete fourth quarter 2022 and full year 2022 financial results and management commentary can be found by accessing the Company's shar

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2022 financial results for the period ended December 31, 2022, following the close of market on Thursday, February 23, 2023. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter and Fiscal 2022 Financial Results Conference Call   When: Thursday, February 23, 2023   Time: 5:30 p.m. ET (2:30 p.m. PT)   Live Call: (833) 255-2830 or (412) 902-6715   An archived web

Retail Units Sold of 102,570 a decrease of 8% YoY Revenue of $3.386 Billion, a decrease of 3% YoY Reduced Carvana only SG&A expenses by $89 million QoQ Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended September 30, 2022. Carvana's complete third quarter 2022 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. "We made significant progress in Q3 driving operational efficiencies despite the considerable headwinds facing our industry. Our committed team achieved notable co

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter financial results for the period ended September 30, 2022, following the close of market on Thursday, November 3, 2022. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Third Quarter Financial Results Conference Call When: Thursday, November 3, 2022 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the

Retail Units Sold of 117,564, an increase of 9% YoY Revenue of $3.884 Billion, an increase of 16% YoY Closed Acquisition of ADESA U.S.'s Physical Auction Business Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended June 30, 2022. Carvana's complete second quarter 2022 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. "We made significant progress in Q2 across many fronts. We closed our acquisition of ADESA, outlined a new operating plan to quickly adapt to the changing mar

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter financial results for the period ended June 30, 2022, following the close of market on Thursday, August 4, 2022. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Second Quarter Financial Results Conference Call When: Thursday, August 4, 2022 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible from the Investo

Retail Units Sold of 105,185, an increase of 14% YoY Revenue of $3.497 Billion, an increase of 56% YoY Expects to close acquisition of ADESA U.S. in May 2022 Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended March 31, 2022. Carvana's complete first quarter 2022 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. "Q1 was a unique environment. Omicron, high used vehicle prices, rapid changes in interest rates and other macro factors impacted Carvana and the used vehicle indu

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars online, today announced it currently expects to close its acquisition of the ADESA U.S. physical auction business in May 2022. To facilitate this closing timeline, Carvana will report its first quarter financial results for the period ended March 31, 2022 following the close of market on Wednesday, April 20, 2022. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana First Quarter Financial Results Conference Call When: Wednesday, April 20, 2022 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call:

Proposed transaction will provide significant infrastructure and team to expand and enhance Carvana's customer offering with a broader selection of vehicles and even faster delivery times At full utilization, ADESA U.S. reconditioning operations expand Carvana annual production capacity by approximately 2M units to over 3M 78% of U.S. population will be within 100 miles of a Carvana inspection and reconditioning center once ADESA's 56 U.S. sites are fully built out within Carvana's production network Carvana will continue to operate and expand ADESA auction business under the leadership of ADESA President John Hammer Carvana (NYSE:CVNA), the industry pioneer for buying and se

Fourth Quarter 2021 Retail Units Sold of 113,016, an increase of 57% YoY Revenue of $3.753 Billion, an increase of 105% YoY Total Gross Profit per Unit of $4,566, an increase of $1,187 YoY Full Year 2021 Retail Units Sold of 425,237, an increase of 74% YoY Revenue of $12.814 Billion, an increase of 129% YoY Total Gross Profit per Unit of $4,537, an increase of $1,285 YoY First full year with positive EBITDA, excluding one-time items Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter and year ended December 31, 2021. Carvana's complete fourth quarter and full year 2021 financial results and management

Carvana Co. (NYSE:CVNA), a leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2021 financial results for the period ended December 31, 2021, following the close of market on Thursday, February 24, 2022. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Fourth Quarter and Fiscal 2021 Financial Results Conference Call When: Thursday, February 24, 2022 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference

Retail Units Sold of 111,949, an increase of 74% YoY Revenue of $3.480 Billion, an increase of 125% YoY Total Gross Profit per Unit of $4,672, an increase of $616 YoY Second consecutive quarter with positive EBITDA Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended September 30, 2021. Carvana's complete third 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. "The third quarter was another great quarter for Carvana. We delivered over 110,000 cars to our customers

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2021 financial results for the period ended September 30, 2021, following the close of market on Thursday, November 4, 2021. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results. What: Carvana Third Quarter 2021 Financial Results Conference Call When: Thursday, November 4, 2021 Time: 5:30 p.m. ET (2:30 p.m. PT) Live Call: (833) 255-2830 or (412) 902-6715 An archived webcast of the conference call will be accessible fro

Carvana to invest approximately $126 million in leading insurtech Root, Inc. Carvana (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, and Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company ("Root"), the leading insurtech carrier, today announced an exclusive partnership to develop integrated auto insurance solutions for Carvana's online car buying platform. In connection with the partnership, Carvana will invest approximately $126 million in Root, Inc., subject to customary regulatory approvals. "In Root, we have found a partner that shares our customer focus and technology-driven approach to delivering exceptional customer experiences. We

Retail Units Sold of 107,815, an increase of 96% YoY Revenue of $3.336 Billion, an increase of 198% YoY Total Gross Profit of $552 Million, an increase of 268% YoY Net Income of $45 Million, up from $(106) in the prior year period EBITDA of $112 Million, up from $(69) in the prior year period Carvana Co. (NYSE:CVNA), 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