Carvana stock sets Q3 records as revenue reaches USD 8.04 billion
Published on 10/30/2026 at 16:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth and margin signals
- Carvana reached record quarterly revenue and retail volume in the third quarter.
- Adjusted EBITDA increased, while its margin declined as revenue grew faster than adjusted profit.
- Management expects sequential retail-unit growth in the fourth quarter and adjusted EBITDA toward the upper end of its 2026 range.
Carvana reported record third-quarter results for the period ended September 30, 2026, with revenue and retail volume reaching new highs. The company said in its Business Wire release that it expects retail units to increase sequentially in the fourth quarter, provided market conditions remain stable.
Record volume lifts quarterly revenue
Carvana sold 217,385 retail units in the third quarter, up 39 percent from the prior-year period. Revenue rose 42 percent to USD 8.040 billion, marking the company's first quarter above USD 8 billion and setting records for both measures.
Net income increased by USD 220 million year over year to USD 483 million, while GAAP operating income reached USD 714 million. Adjusted EBITDA climbed to a record USD 800 million, up USD 163 million from a year earlier.
Margin pressure remains visible
Adjusted EBITDA margin was 10.0 percent, down from 11.3 percent in the prior-year quarter as revenue expanded faster than adjusted profit. The result highlights the importance of vehicle mix, pricing, financing conditions and operating efficiency as Carvana continues to scale.
Management expects full-year 2026 adjusted EBITDA toward the higher end of its previously communicated USD 2.7 billion to USD 3.0 billion range. The forecast depends on stable operating conditions and comes alongside the expected sequential increase in fourth-quarter retail units.
Carvana stock traded at EUR 60.49 on Lang & Schwarz at 16:04:38 Berlin time on Friday, October 30, 2026. The real-time quote of Carvana stock is available separately.
Carvana company facts
- Company: Carvana Co.
- ISIN: US1468691027
- Home market: United States
- Quote: EUR 60.49 on Lang & Schwarz at 16:04:38 Berlin time on October 30, 2026
- Third-quarter revenue: USD 8.040 billion, up 42 percent year over year
- Retail units: 217,385, up 39 percent year over year
- Adjusted EBITDA: USD 800 million, with a 10.0 percent margin
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