Carvana's Storybook Turnaround Is Complete: Record $20 Billion Revenue Year Ends With a Stock Crash That Exposes the One Number Wall Street Cannot Forgive
Carvana posted record full-year 2025 results with $20.3 billion in revenue and a $4.22 EPS that crushed estimates, yet shares plunged 15% after adjusted EBITDA missed by a margin Wall Street could not overlook.