By Freddy Sebastian
Carvana revenue rose in the third quarter as retail units sold climbed 44% to 155,941.
The online used-car seller on Wednesday posted a profit of $263 million, or $1.03 a share, compared with $148 million, or 64 cents a share, a year earlier.
Adjusted earnings per share reached $1.50 a share. Analysts expected $1.30 a share, according to FactSet.
Revenue jumped to $5.65 billion from $3.66 billion a year ago. Analysts expected $5.11 billion.
"Not only is this growth happening at the same time we are producing margins higher than have ever been reported by any other automotive retailer, but it is also happening at a very significant scale," CEO Ernie Garcia said in a letter to shareholders.
Adjusted earnings before interest, taxes, depreciation, and amortization for the quarter climbed to $637 million.
The company said it expects fourth-quarter retail unit sales over 150,000 vehicles.
Write to Freddy Sebastian at freddy.sebastian@wsj.com
(END) Dow Jones Newswires
October 29, 2025 16:36 ET (20:36 GMT)
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