8/109 sources · 4 publishersUpdated Oct 29, 06:18 UTC
Carvana Reports Record Third-Quarter Revenue and Adjusted EBITDA
Carvana reported third-quarter revenue of $8.04 billion, up 42%, and retail unit sales of 217,385, up 39%. Adjusted EBITDA reached $800 million with a 10% margin, while GAAP EPS was $0.39 and missed estimates. Management expects sequential retail-unit growth in Q4 and full-year adjusted EBITDA at the high end of its $2.7B-$3.0B range.
Why it matters
The report combines strong revenue, unit growth and adjusted EBITDA with an EPS miss, giving investors mixed signals on the quarter. Management's Q4 unit-growth expectation and full-year EBITDA range establish the near-term operating benchmarks for Carvana.
Key facts
- 1Carvana sold 217,385 retail units in Q3, an increase of 39%. finance.yahoo.com
- 2Third-quarter revenue was $8.04 billion, an increase of 42%. finance.yahoo.com
- 3Adjusted EBITDA was $800 million, producing a 10% margin. finance.yahoo.com
- 4GAAP EPS was $0.39 and missed estimates by $0.05. seekingalpha.com
- 5Carvana projected full-year 2026 adjusted EBITDA at the high end of its $2.7B-$3.0B range. finance.yahoo.com
Open questions
- Net income is reported as $483 million in one account and $480 million in another.
- The analyst EPS estimate is reported as 47 cents in one account and $0.48 in another.
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.