8/102 sources · 2 publishersUpdated Nov 3, 05:06 UTC
Carvana posts record Q3 volume and revenue but sees margin slip, stock jumps
Carvana reported Q3 2026 revenue of $8.04 billion, up 42% year‑on‑year, and sold a record 217,385 used cars, a 39% increase. Adjusted EBITDA reached $800 million but the margin fell to 10.0% from 11.3%, and adjusted EPS of $0.39 missed the $0.44 estimate. Despite the earnings miss, the shares rose 15.7% on the volume beat.
Why it matters
The company’s full‑year EBITDA guidance of $2.85 billion at the midpoint is below analyst expectations, indicating lower profitability outlook. Investors must weigh the strong volume growth against the deteriorating per‑car margins.
Key facts
- 1Q3 2026 revenue was $8.04 billion, a 42% increase year‑on‑year. top1markets.com
- 2Retail units sold in Q3 were 217,385, up 39% from the prior quarter. top1markets.com
- 3Adjusted EBITDA for the quarter was $800 million, with a margin of 10.0% (down from 11.3%). top1markets.com
- 4Adjusted EPS was $0.39, missing the $0.44 consensus estimate. top1markets.com
- 5Carvana’s stock rose 15.7% the day after the earnings release. top1markets.com
- 6Full‑year EBITDA guidance is $2.85 billion at the midpoint, below analyst estimates of $2.93 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.