Carvana reported a record quarter with over 217,000 vehicle sales and $8.04 billion in revenue, beating analyst revenue expectations by a wide margin. Despite missing earnings per share estimates due to a one-time charge, investors focused on the strong sales growth, which doubled Carvana's run rate over two years. The company expects adjusted EBITDA near the top of its $2.7-$3 billion forecast for 2026 but will stop providing quarterly outlooks. Carvana's challenge now is converting high sales volume into sustained profit growth amid rising costs and competitive pressures, while peers like CarMax and AutoNation showed modest gains.
Carvana's stock surged 15.16% to USD 68.00 on Pluang as of Oct 29, 2026 22:11 WIB, recovering from its 52-week low of USD 56.27 but still below its 52-week high of USD 95.69. In contrast, CarMax rose modestly by 2.11% to USD 55.13, closer to its 52-week high of USD 64.22 than its low of USD 30.88. This shows Carvana's strong market reaction to its record sales, while CarMax's gains remain more moderate.
Carvana's stock was upgraded to buy following strong Q3 results, including approximately 40% unit sales growth that outpaces flat industry peers despite a weak consumer environment. The company aims for long-term targets of 3 million annual retail ve...
Carvana reported a record third quarter, with retail units sold increasing nearly 40% and revenues exceeding $8 billion. The company is now generating positive free cash flow and has improved its net debt to the best level in almost five years. Manag...
