Carvana Q3 2025 Financial Results

Carvana Co. announced its financial results for the fiscal quarter ended September 30, 2025, reporting record performance. The company sold 155,941 retail units, a 44% year-over-year increase, and generated $5.647 billion in revenue, up 55% year-over-year. Net income was $263 million, with a net income margin of 4.7%. Adjusted EBITDA reached $637 million, marking a 48% increase year-over-year. Carvana expects to sell over 150,000 retail units in Q4 2025 and projects Adjusted EBITDA for the full year to be at or above the high end of the previously communicated range of $2.0 to $2.2 billion. The company continues to focus on leveraging its vertically integrated model to drive growth and profitability.