Carvana Shares Jump 10%
1 Video View·Oct 29, 2026
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Carvana reported third-quarter revenue of $8.04 billion,
beating analyst estimates of $7.70 billion,
while earnings of $0.39 per share missed expectations of $0.42,
according to Benzinga Pro.
Revenue increased 42% year-over-year,
as vehicle sales climbed 39% to 217,385 units.
Adjusted EBITDA reached approximately $800 million.
Carvana expects fourth-quarter retail vehicle sales
to exceed third-quarter levels
and full-year adjusted EBITDA to reach the higher end
of its previous $2.7 billion to $3 billion forecast.
The company said its current sales pace represents
approximately 870,000 vehicles annually,
or 2% of the used vehicle market.
Carvana shares rose 10.08% in after-hours trading Wednesday to $65,
according to Benzinga Pro.
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