Carvana forecast earnings of between $2.7 billion and $3 billion for 2024 after reporting record second-quarter results. The company posted adjusted EBITDA of $769 million in the second quarter and $1.4 billion in the first half of the year. Second-quarter revenue reached $7.38 billion, beating analyst estimates of $6.91 billion. Carvana shares fell 20 percent in after-hours trading despite a 38 percent increase in vehicle sales to 197,325 units. The company’s adjusted margin declined by 2 percentage points to 10.4 percent, reflecting ongoing expansion efforts.
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