Carvana Co.: EPS $0.39 vs $0.4414 expected; revenue $8.04B vs $7.71B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.3900 | 0.4414 | −11.6% | 1.0300 |
| Revenue (USD bn) | 8.0400 | 7.7100 | +4.3% | 5.6500 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 28, 2026 | Q3 FY2026 | 0.39 | 0.4414 | −11.6% | 8.04 | 7.71 | +4.3% |
| Jul 29, 2026 | Q2 FY2026 | 0.42 | 0.3867 | +8.6% | 7.38 | 6.90 | +6.9% |
| Apr 29, 2026 | Q1 FY2026 | 0.34 | 0.3166 | +7.4% | 6.43 | 6.12 | +5.1% |
| Feb 18, 2026 | Q4 FY2025 | 4.22 | 1.1400 | — | 5.60 | 5.27 | +6.3% |
| Oct 29, 2025 | Q3 FY2025 | 1.03 | 1.3000 | −20.8% | 5.65 | 5.11 | +10.5% |
| Jul 30, 2025 | Q2 FY2025 | 1.28 | 1.1700 | +9.4% | 4.84 | 4.58 | +5.7% |
| May 7, 2025 | Q1 FY2025 | 1.51 | 0.7330 | — | 4.23 | 4.00 | +5.8% |
| Feb 19, 2025 | Q4 FY2024 | 0.56 | 0.2888 | +93.9% | 3.55 | 3.32 | +7.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Carvana Co. results: EPS $0.39 vs $0.4414 expected; revenue $8.04B vs $7.71B. The results cover the company's Q3 FY2026. EPS came in below analysts' estimate by 11.6%; revenue above the estimate by 4.3%.
Revenue was up 42.4% from $5.65 billion a year earlier (Q3 FY2025). EPS was down 62.1% from $1.03 a year earlier. On its record, EPS topped analysts' estimates in 4 of 5 earlier comparable reports.
What the results mean
Carvana’s revenue growth points to expanding activity, but its implications for profitability depend on the costs of sourcing, reconditioning and transporting used vehicles. The efficiency with which sales translate into profit therefore remains central to interpreting the results.
Carvana’s model combines digital retail, financing and complementary services, supported by a logistics network and vehicle auction sites. Its performance depends on sourcing suitable vehicles, preparing and delivering them efficiently, and making the purchase process convenient for customers.
What to watch on the earnings call: Investors should listen for management’s comments on used vehicle demand, sourcing, reconditioning and delivery costs, and the contribution of financing and complementary services to profitability. Inventory management and coordination between the logistics network, digital platform and auction operations also merit attention.
For the full analysis of Carvana Co. stock — valuation, scores and financial statements — see the stock page linked with this story.