Carvana reports record third-quarter results for Carvana stock

Published on 10/29/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carvana sold 217,385 units in third quarter, up 39 percent. Carvana stock trades at EUR 57.11 on October 29, 2026 as revenue hit USD 8.04 billion.

Third-quarter scale resets the benchmark

Carvana announced its third-quarter results on October 28, 2026, with 217,385 retail units and USD 8.040 billion in revenue.
Adjusted EBITDA reached USD 800 million with a 10.0 percent margin in the third quarter of 2026.
Carvana stock traded at EUR 57.11 at 10:33 a.m. CET at Lang & Schwarz on October 29, 2026.
Carvana expects fourth-quarter unit growth and adjusted EBITDA toward the high end of its USD 2.7 billion to USD 3.0 billion 2026 range.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) set new third-quarter records with 217,385 retail units sold and USD 8.040 billion in revenue for the period ended September 30, 2026. The company announced the results on October 28, 2026, in a release carried by Business Wire.

Record volume and revenue

Retail unit sales increased 39 percent from the third quarter of 2025, while revenue rose 42 percent. Both figures were all-time quarterly records, giving Carvana its first quarter above 200,000 retail units and USD 8 billion in revenue.

The result also extended the companys recent scale-up. Revenue in the third quarter of 2026 exceeded the USD 7.376 billion reported for the second quarter, while retail volume rose from the prior quarter's 197,325 units.

Margins still matter

Profitability improved in absolute terms but softened on a margin basis. Net income reached USD 483 million, GAAP operating income was USD 714 million, and adjusted EBITDA hit a record USD 800 million. Adjusted EBITDA margin was 10.0 percent, down from 11.3 percent a year earlier, while net income margin increased to 6.0 percent.

That mix gives the announcement a clear investor test: Carvana is expanding rapidly, but the next step depends on how efficiently it converts volume into profit per vehicle. The company said the margin pressure reflected a higher-priced vehicle mix and customer givebacks in other gross profit per unit.

What does the outlook show?

For the fourth quarter, Carvana expects retail units sold to increase sequentially, assuming market conditions remain stable. It also expects full-year 2026 adjusted EBITDA toward the high end of its previously communicated USD 2.7 billion to USD 3.0 billion range, according to the October 28 release.

Stock snapshot

Carvana stock was trading at EUR 57.11 at Lang & Schwarz on October 29, 2026 at 10:33 a.m. CET. A dated Xetra closing price for the reference comparison is not included in this article, so no daily percentage is stated.

The further course of trading is shown by the continuously updated real-time quote of Carvana stock.