Carvana Q3 FY2026: revenue up 42.4%, EPS below consensus
Carvana's Q3 FY2026 revenue jumped 42.4% to $8.040 billion and operating income reached $714 million, but diluted GAAP EPS of $0.39 missed the $0.4492 consensus and gross margin slipped to 18.9%. Read the scorecard as a scale story with a margin question: retail units and revenue are compounding, while GPU and Adjusted EBITDA margin fell year over year.
1 · Expected vs. Actual
Free preview belowDiluted GAAP EPS was $0.39, below the $0.4492 consensus estimate. Total net income was $483 million, but net income attributable to Carvana Co. was $289 million after $194 million went to non-controlling interests. Operating income rose to $714 million, so the EPS shortfall sits alongside stronger operating profit, not weaker operating profit.
Revenue rose to $8.040 billion from $5.647 billion, a 42.4% increase. Retail units sold reached 217,385, up 39.4%, and retail vehicle sales contributed $6.144 billion of the total. Wholesale sales added $1.302 billion and other sales $594 million.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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