Carvana (US:CVNA) ZACKSยท2025-10-31 18:37Core Insights - Carvana reported Q3 earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.33 but increasing from $0.64 in the prior year, with revenues of $5.65 billion exceeding estimates by 11.6% and rising 55% year over year [1][9] Financial Performance - Total gross profit reached $1.15 billion, a 42% increase year over year, while gross profit per unit (GPU) decreased to $7,362 from $7,427 [2] - SG&A expenses were $595 million, up 27% year over year, and adjusted EBITDA for Q3 was $637 million, with an adjusted EBITDA margin of 11.3%, down from 11.7% in the previous year [2] Segmental Performance - Retail vehicle sales totaled $3.99 billion, a 57.1% increase year over year, with 155,941 vehicles sold, up 43.5% from the prior year [3] - Wholesale vehicle sales amounted to $1.18 billion, up 49.7% year over year, with 80,369 vehicles sold, a 42.3% increase [4] - Other sales and revenues rose 45.4% year over year to $474 million, with GPU at $3,040, up 1.33% year over year [5] Financial Position - As of September 30, 2025, Carvana had cash and cash equivalents of $2.14 billion, an increase from $1.72 billion at the end of 2024, while long-term debt decreased to $4.81 billion from $5.26 billion [6] Outlook - For Q4 2025, Carvana expects over 150,000 retail unit sales and reaffirms its full-year adjusted EBITDA guidance in the range of $2 billion to $2.2 billion [7]