Carvana Reports Record Third-Quarter Results as Used Car Sales Surge

Oct 30, 2025

Carvana, the online used-car retailer, announced record financial results for the third quarter of 2025. The company reported profit and revenue growth, driven by strong demand for preowned vehicles.

Carvana's revenue rose to $5.65 billion, up from $3.66 billion in the same period last year. The number of retail units sold increased by 44% to 155,941. The company credited its e-commerce platform and data-driven approach for boosting sales, especially as other used car retailers have seen flat results.

Carvana has also focused on innovations such as same-day car deliveries, which have helped support its sales momentum. The company's management highlighted these delivery options and continued growth in their shareholder letter.

Despite the positive financial results, Carvana's stock declined following the earnings announcement.

Why did Carvana's stock go down even though the company had good results?

Sometimes a company's stock goes down even after strong earnings if investors were expecting even better results, or if they are worried about future challenges. The articles do not specify the exact reason.

What helped Carvana increase its used car sales?

Carvana used its online platform and data-driven approach to offer more convenience, including options like same-day deliveries, which made it easier for customers to buy used cars.

How much did Carvana's revenue and car sales grow?

Carvana's revenue grew to $5.65 billion from $3.66 billion a year earlier, and the number of cars sold increased by 44%.

Sources
Carvana's third-quarter results rise on used vehicle demand
Reuters
Used car retailer Carvana reported higher third-quarter profit and revenue on Wednesday, aided by strong demand for preowned vehicles.
Carvana Revenue Up as Retail Units Sold Jump
WSJ
The online used-car seller said revenue climbed to $5.65 billion from $3.66 billion a year ago as units sold climbed 44% to 155,941.
Carvana Announces Record Third Quarter 2025 Results
Business Wire
PHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended September 30, 2025. Carvana's complete third quarter 2025 financial results and management commentary are available in the company...
How Carvana's same-day car deliveries have become the company's secret weapon
Market Watch
Carvana shows another sales beat and set its sights on same-day deliveries to keep on going.
Why Carvana Stock Is Tumbling Despite Earnings Beat
Investors Business Daily
Carvana earnings more than doubled while revenue growth accelerated for the used car seller. But Carvana stock sold off late Wednesday.
Carvana Says Data Powers Decisions That Deliver Growth in Used Car Sales
PYMNTS
Carvana said Wednesday (Oct. 29) that its eCommerce platform for buying and selling used cars enabled it to increase its units sold and its revenue at a time when other public retailers' sales are flat.
Carvana Co. (CVNA) Q3 2025 Earnings Call Transcript
Seeking Alpha
Carvana Co. ( CVNA ) Q3 2025 Earnings Call October 29, 2025 5:30 PM EDT Company Participants Meg Kehan Ernest Garcia - Co-Founder, President, CEO & Chairman Mark Jenkins - Chief Financial Officer Conference Call Participants Sharon Zackfia - William Blair & Company L.L.C., Research Division Marvin F...
Carvana shares in reverse on earnings miss despite record revenue
Proactive Investors
Carvana Co. (NYSE:CVNA) shares fell almost 14% after the used car retail platform's third quarter earnings fell short of expectations, despite record revenue and strong growth in retail unit sales.  The company posted earnings per share of $1.03, below the analyst estimate of $1.33, and down from $1...
Why Carvana Stock Tumbled Today
The Motley Fool
Carvana continued to report strong growth in the third quarter. Guidance indicated that vehicle sales could decline sequentially.
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