Carvana Shares Climb 8% After Record Third-Quarter Sales
Carvana stock rose about 8% overnight after reporting record Q3 sales and revenue of $8.04 billion, while adjusted EBITDA hit a quarterly high of $800 million.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Stocktwits reports that Carvana (CVNA) shares gained roughly 8% overnight after the online used-car seller posted record results for the third quarter. Retail vehicle sales rose 39% from a year earlier to 217,385 units, and revenue climbed 42% to $8.04 billion, ahead of the $7.7 billion analysts had expected, according to Fiscal.ai.
Net income reached $483 million, up 83%. Earnings per share of $0.39, though, came in below the consensus of $0.48. Adjusted EBITDA set a quarterly record of $800 million, a 10% margin. Management now expects 2026 adjusted EBITDA near the top of its $2.7 billion to $3 billion guidance range.
On the earnings call, CEO Ernest Garcia reaffirmed a plan to lift annual sales to three million vehicles and reach a 13.5% adjusted EBITDA margin.
why it matters
Carvana's sales outpaced a broadly flat auto market, as high new-car prices pushed budget-conscious buyers toward used vehicles. Its margins are roughly double the industry average, so investors are focusing on growth and profitability, while the per-share miss remains a drag on sentiment.
market impact
Carvana shares: record sales and revenue support the stock, though the EPS miss tempers the rally
- Carvana shares pressure up — record revenue and sales growth beating expectations support demand for the stock
tags
instruments
sources
- Why Is CVNA Stock Rising 8% Overnight? — Stocktwits, 29 October 2026 at 05:38 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗