Carvana Shares Fall Sharply as Reconditioning Costs Squeeze Profits
Carvana shares fell Thursday as high reconditioning costs led to a fourth-quarter profit miss. Analysts cut price targets following the disappointing results.
Insights:
Carvana Co. reported a fourth-quarter profit on Thursday, February 19, 2026, that missed Wall Street expectations, primarily due to higher-than-anticipated costs for inspection, repair, detailing, and retail depreciation. These cost pressures directly reduced the company's profitability and immediately affected its market valuation and analyst outlooks.
