Carvana Posts Record Q3: Revenue Up 42% to $8.04B, Units Up 39%
CVNA is trading near its 52-week low of $54.464 (15% above the low) on elevated volume (1.8× avg).
Summary
Carvana reported record Q3 2026 revenue of $8.040B, up 42% year over year, with 217,385 retail units sold, up 39%. That is a step up from Q2's $7.38B top line and keeps the growth rate in the 40%+ range rather than decelerating, and revenue came in above the IBES estimate of USD 7,704 million. Unit growth of 39% points to continued share gains rather than just higher average selling prices. The release cites all-time quarterly records, but earnings came in short even as sales reached a milestone, and the headline figures carry no margin, cash flow, or Q4 guidance detail, so the profit durability question is still open. Carvana said it eyes the high end of its 2026 Ebitda target. This lands after the August $1.66B term loan B that retired the 9.00% secured notes, which lowers interest cost and supports the earnings line going forward.
At the time of this announcement, CVNA was trading at $62.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $65B. The 52-week trading range was $54.46 to $97.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.