Carvana Co. · NYSE:CVNA
Carvana — J.P. Morgan Auto Conference 2025
11 slides from Carvana's conference presentation, Aug 12, 2025
Slide 1: J.P. Morgan Auto Conference
J.P. Morgan Auto Conference August 12, 2025 ©2025 Carvana, LLC
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Carvanaʼs current expectations and projections with respect to, among other things, our fi
Slide 3: Q2 2025 Highlights
Q2 2025 Highlights Q2 results demonstrate the earnings power of our vertically-integrated business model: ● Retail units sold set a new company record (143,280) and grew 41% year-over-year ● Net income of $308 million, Net income margin of 6.4% ● GAAP Operating income of $511 million, GAAP Operating
Slide 4: Best Offering Drives Industry-Leading Growth and Margins
Best Offering Drives Industry-Leading Growth and Margins Our industry-leading growth and profitability have once again made us the most profitable automotive retailer as measured by Adjusted EBITDA margin. 1 All data points are as of Q2 2025 or most recently reported fiscal quarter. ©2025 Carvana, L
Slide 5: The Most Profitable Auto Retailer
The Most Profitable Auto Retailer With our Q2 results, we now also lead the industry in GAAP Operating income and Net income dollars. 1 All data points are as of Q2 2025 or most recently reported fiscal quarter. ©2025 Carvana, LLC Confidential Document 5
Slide 6: Fundamental Drivers of Growth
Fundamental Drivers of Growth Investment in each of our three growth drivers creates a positive feedback loop that has powered our growth in the past and will drive us towards achieving our next objective of selling 3 million used retail units at an Adjusted EBITDA Margin of 13.5% within 5 to 10 yea
Slide 7: A Clear Path For Further Efficient Scaling
A Clear Path For Further Efficient Scaling Our real estate footprint today can support ~3 million annual units over time as we fully build out inspection and reconditioning center capabilities at ADESA facilities. ©2025 Carvana, LLC Confidential Document 7
Slide 8: Our Strategy Is Working
Our Strategy Is Working ©2025 Carvana, LLC Confidential Document 8
Slide 9: Appendix
Appendix ©2025 Carvana, LLC Confidential Document 9
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures As appropriate, we supplement our results of operations determined in accordance with U.S. generally accepted accounting principles (“GAAPˮ) with and discuss forward looking guidance with certain non-GAAP financial measurements that are used by management, and which we be
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures ©2025 Carvana, LLC Confidential Document 11