Carvana Co.: Mixed — EPS $0.39, Revenue $8.04B
Mixed ResultQ3 2026 · After-market
Did Carvana Co. (CVNA) beat earnings today?
It was a mixed report for Q3 2026 — Carvana Co. (CVNA) beat on EPS but missed on revenue.
Earnings Per Share-11.36% surprise
$0.39Actual
Expected: $0.44
vs. year ago +85.7%
Total Revenue+4.42% surprise
$8.04BActual
Expected: $7.7B
vs. year ago +42.4%
Released Oct 28 · 4:33 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $8.04B | $5.65B | +42.4% |
| Revenue detail — reported lines | |||
| └─Retail vehicle sales | $6.14B | $4.00B | +53.8% |
| └─Wholesale sales and revenues | $1.30B | $1.18B | +10.6% |
| └─Other sales and revenues | $594.00M | $474.00M | +25.3% |
| Net Income | $483.00M | $263.00M | +83.7% |
| GAAP Basic EPS | $0.40 | $0.22 | +81.8% |
| GAAP Diluted EPS | $0.39 | $0.21 | +85.7% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Adjusted EBITDA | — | $2.7B-$3.0B |
Business Highlights
- ➤Sold more than 200,000 units in a quarter for the first time.
- ➤Expanded new-vehicle offering on Carvana.com through seven Stellantis franchise dealerships.
- ➤Integrated retail production capabilities at two ADESA locations.
- ➤Reached 21 integrated sites across the nationwide footprint.
- ➤Began construction on two additional full buildouts at ADESA locations.
- ➤Has three full buildout sites under construction, expected to begin production in 2027.
- ➤Current footprint has fully built-out annual capacity for approximately 1.5 million retail units.
- ➤Real estate supports annual retail production capacity of 3 million retail units.
- ➤Improved Net Promoter Score by 9 points over the last two years.
- ➤Provided customers with delivery times 2 days faster over the last two years.
- ➤Lowered customer-loan interest rates by over 100 basis points relative to benchmark rates.