KUALA LUMPUR: Carsome Group Inc recorded earnings before interest, taxes, depreciation and amortisation (Ebitda) of RM33mil for the second quarter ended June 30, 2026 (2Q26), up 38% from a year earlier.
The used-car e-commerce platform said this was its highest quarterly Ebitda to date and marked its 10th straight profitable quarter.
Carsome sold 35,903 vehicles during the quarter, an increase of 11% year-on-year.
Gross profit rose 15% to about RM175mil, supported by a higher proportion of transactions involving retail and financing services.
Co-founder and group chief executive officer Eric Cheng said the group would continue to focus on growing transaction volumes, improving unit economics and maintaining operating leverage.
He said Carsome sold 11% more cars in 2Q26, while gross profit and Ebitda increased by 15% and 38%, respectively, reflecting operating leverage as the business scaled.
“Ten consecutive quarters of positive Ebitda gives us a strong foundation, and we remain focused on scaling the business sustainably and capturing the opportunity ahead in Southeast Asia’s used-car market,” he added.
During the quarter, Carsome opened three new locations in Sungai Petani, Bukit Tinggi in Klang and Sungai Buloh, bringing its network in Malaysia to 55 inspection centres and showrooms.
In Indonesia, it opened four new locations in Greater Jakarta, bringing its presence there to 10 inspection centres and showrooms.
Carsome also entered into a partnership with Suzuki Cars Malaysia as its official trade-in partner.
