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Carvana Posts Higher Q3 Profit on Nearly 40% Jump in Units Sold

Carvana's third-quarter profit reached $289 million and unit sales rose 39%, while revenue grew 42%; EPS missed forecasts, per Dow Jones Newswires.

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what happened

Dow Jones Newswires reports that Carvana's third-quarter profit rose to $289 million, or 39 cents per share, from $151 million, or 21 cents, a year earlier. The figure fell short of the 44 cents that analysts surveyed by FactSet had forecast. Revenue jumped 42% to $8.04 billion, comfortably above the $7.71 billion consensus, as the online used-car seller moved 217,385 vehicles, 39% more than a year before.

Chief Executive Ernie Garcia III said the customer base has doubled over two years while the company keeps leading the sector on unit economics. Management expects vehicle sales to rise sequentially in the fourth quarter and now sees full-year adjusted EBITDA in the upper part of its earlier $2.7–3 billion guidance. Update adds that shares jumped 8.4% to $64 in after-hours trading, though they ended the regular session 0.3% lower and are down 30% this year.

why it matters

Demand for used cars remains strong while new vehicle prices stay high, which helps online sellers gain market share. According to the company, the broader industry was roughly flat over the quarter. Revenue beat expectations but EPS came in below consensus, so investors are weighing margins as well as sales volume.

market impact

CVNA shares: revenue and unit sales beat, but EPS missed consensus, so pressure is mixed

  • Carvana shares mixed — revenue and unit sales above expectations, but EPS below forecast

tags

EarningsStockUnited States

instruments

CarvanaCVNAUS used-car market

sources

  1. Carvana 3Q Profit Soars as Vehicle Sales Climb Nearly 40% — Dow Jones Newswires, 28 October 2026 at 20:27 UTC
  2. Carvana 3Q Profit Soars as Vehicle Sales Climb Nearly 40% — Update, 28 October 2026 at 21:41 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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