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.

洞察:
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.
Carvana logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration
Carvana logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration
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