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. Management has set long-term targets to sell 3 million retail units annually and achieve a 12.5% operating margin by 2030 to 2035, while focusing on GAAP financial metrics going forward. This strong performance marks a significant turnaround for the online used car marketplace.
Carvana's stock price rose by 6.83% to USD 63.28 as of October 29, 2026, 09:51 WIB on Pluang. Despite the recent gains, the stock remains below its 52-week high of USD 95.69. Trading volume on Pluang was 9,414,547 shares, with most investors currently selling rather than buying.
