Used car retailer, Carvana Co. (NYSE:CVNA), reported a strong second-quarter performance, fueled partly by the chaos and uncertainties surrounding President Donald Trump’s trade and tariff policies during the quarter.
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What Happened: During its second-quarter earnings call on Wednesday, the company revealed that tariff-related pricing dynamics in April contributed to an estimated $100 per unit uplift in retail gross profit.
“We really linked [it] to the announcements of auto tariffs in late March that drove stronger demand and higher margins,” CFO Mark Jenkins said during the call.
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The company’s CEO, Ernie Garcia, acknowledged the temporary nature of the benefit, saying that, “There was a little bit of kind of pull forward and then maybe a little slowness immediately thereafter, but I think for the most part it was relatively flat.”
According to Garcia, Carvana sold 143,280 retail units in the …