Carvana raises Q3 adjusted EBITDA view to above $75M from positive

Raises Q3 total GPU to above $5,500 from above $5,000. Sees Q3 SG&A similar to Q2. Sees Q3 retail units similar to Q2. “In the first two quarters of 2023, Carvana posted best-ever quarterly GPU and adjusted EBITDA performances, and our continuing performance so far this quarter has led us to raise our Q3 outlook,” said Mark Jenkins, Carvana’s Chief Financial Officer. “Our strong execution is continuing to drive lasting business improvements, including significant fundamental gains in Retail and Wholesale GPU, that will power future results.”