Retro Magikarp is a Retro Pokémon that can be obtained by helping Professor Rowan.
On December 3rd 2015 the Shiny Retros have been released. The chance to hatch a Shiny Retro Magikarp is 1/50 (2%), since you can't chain Retros.
Hatching a Retro Magikarp egg will not count towards your Shiny Chain.
Note: There is no way to receive more than one Retro Magikarp from Professor Rowan at the moment. There will be a way to obtain it again in the future!
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Retro Magikarp does NOT evolve.