Carvana said retail units sold for the Q3 2026 quarter (3 months) totaled 217,385, up 39.4% from a year earlier, and net sales and operating revenues rose 42.4% to $8,040 million.

1. 01

   Carvana said retail units sold for the Q3 2026 quarter (3 months) totaled 217,385, up 39.4% from a year earlier, and net sales and operating revenues rose 42.4% to $8,040 million.

2. 02

   Carvana said net income for Q3 2026 was $483 million, a net income margin of 6.0% (4.7% a year earlier), and Adjusted EBITDA was $800 million, while the Adjusted EBITDA margin was 10.0% (11.3% a year earlier).

3. 03

   The company said its total gross profit per unit (Total GPU) for Q3 2026 fell to $6,997 per 1 retail unit, down $365 from a year earlier. It cited lower interest rates on customer loans relative to benchmark rates and lower wholesale GPU as the main factors. It estimated that higher fuel prices and interest rates reduced unit economics by about $200 per 1 unit.

4. 04

   The company said it will shift its main reporting metrics from non-GAAP to GAAP measures starting in 2027, and set mid-term goals of selling 3 million retail units per year and a 12.5% Operating margin for 2030 to 2035. It said it does not plan to provide quarterly or annual financial outlooks beginning with its Q4 2026 earnings release.

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Original filing

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