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 $1.28 in the prior quarter.
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 Fong - BTIG, LLC, Research Division Rajat Gupta - JPMorgan Chase & Co, Research Division Brian Nagel - Oppenheimer & Co. Inc., Research Division John Colantuoni - Jefferies LLC, Research Division Christopher Bottiglieri - BNP Paribas Exane, Research Division Daniela Haigian - Morgan Stanley, Research Division Jeffrey Lick - Stephens Inc., Research Division Andrew Boone - Citizens JMP Securities, LLC, Research Division Michael McGovern - BofA Securities, Research Division Michael Montani - Evercore ISI Institutional Equities, Research Division Christopher Pierce - Needham & Company, LLC, Research Division Presentation Operator Good day, and welcome to Carvana's Third Quarter 2025 Earnings Conference Call.
Although the revenue and EPS for Carvana (CVNA) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Carvana (CVNA) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $0.64 per share a year ago.
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CVNA is set to report Q3 results, with strong sales growth and rising earnings estimates signaling another potential beat.
Carvana (CVNA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Carvana (CVNA) closed the most recent trading day at $337.6, moving +1.14% from the previous trading session.
Carvana (CVNA) concluded the recent trading session at $338.28, signifying a +2.75% move from its prior day's close.
Carvana earns a Buy rating due to its successful turnaround, profitable growth, and innovative online used car buying platform. CVNA rebounded from losses, achieving strong revenue growth, improved margins, and disciplined cost management, resulting in scalable profits and a healthier balance sheet. Valuation appears high but is justified by operational improvements and sustained profitability.
After near-collapse in 2022, Carvana rose from the ashes with GPU and cost efficiency driving its comeback. A record-high turnover keeps cash flowing and underscores operational precision. Potential Fed rate cuts and resilient used-car prices give CVNA a favorable demand and margin backdrop.