Forget everything you thought you knew about the online used-car market. Carvana just posted jaw-dropping Q2 2025 results, with revenue surging 42% to $4.84 billion and retail unit sales skyrocketing 41% year-over-year. But the real story is their profitability: they hit a record $308 million in net income and an industry-leading 12.4% Adjusted EBITDA margin, a sign that their vertical integration and focus on efficiency is fundamentally reshaping the business. We're diving deep into the stunning turnaround, what's driving this massive scale and efficiency, and what their $2.0 to $2.2 billion full-year EBITDA forecast means for the future of auto retail. Is this the model that finally dominates the used-car industry? Tune in to find out!

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