PomegraCarvana Stock Jumps 8% After Q3 Revenue Beat
Why is Carvana stock up today?
Carvana (CVNA) stock rose about 8% in after-hours trading on Wednesday to $63.85 after third-quarter sales jumped 42% to a record $8.04B, beating the $7.67B analysts expected.
Key numbers
| Q3 revenue | $8.04B+42% YoY; estimate $7.67B |
|---|---|
| Retail cars sold | 217,385+39% YoY |
| Net income | $483Mvs $263M a year ago |
| Adjusted EBITDA | $800M+26% YoY; margin 10.0% vs 11.3% |
| Adjusted EPS | $0.39vs $0.44 expected |
| After-hours move | +8.1%to $63.85; early reports showed +1.6% (per [2]) |
What happened
Carvana (CVNA) stock rose about 8% in after-hours trading on Wednesday to $63.85 after third-quarter sales jumped 42% to a record $8.04B, beating the $7.67B analysts expected. It was the first quarter above $8 billion, and Carvana sold a record 217,385 cars, up 39% from a year ago. Profit per share, adjusted for one-off items, was $0.39, below the $0.44 expected. Carvana also said its full-year earnings measure (adjusted EBITDA) should land at the high end of its $2.7 billion to $3.0 billion range.
Why it matters
Carvana is growing much faster than the traditional used-car sellers around it. Its sales rose 42% from a year ago, while CarMax grew 19.5% and Lithia & Driveway grew 3% in their latest quarters. Carvana also said it will stop giving quarterly and annual forecasts starting with its next report, so investors will get less guidance on what comes next.
Who this affects
- MarketbullishMedium impact
- Shareholders cheer record sales; profit-per-share miss tempers gains.
- CompanybullishMedium impact
- Carvana gains record sales and a high-end profit outlook.
- CompetitorsbearishLow impact
- CarMax and dealer groups face a faster-growing online rival.
- IndustrybullishLow impact
- Online used-car selling keeps gaining ground on traditional lots.
Carvana vs CarMax, Lithia & Driveway
How we got here
CarMax reports quarterly revenue up 19.5% to $7.9B.
Lithia & Driveway reports record Q3 revenue of $9.9B, up 3%.
Carvana reports record $8.04B Q3 revenue; shares rise in after-hours trading.
What to watch
- Thursday regular-session trading shows whether Carvana's after-hours gain holds.2026-10-29
- Carvana full-year adjusted EBITDA versus its $2.7B–$3.0B range, guided to the high end.Q4 2026
- Carvana's Q4 report, the first without quarterly or annual financial outlooks.Q1 2027
Educational content only. Not investment advice.
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