StocksMediumUpdated×3•Originally published 28 October 2026•Updated 29 October 2026•
1 min read
Carvana Stock Surges 8% on Long-Term 2035 Targets and Improved Debt Position
Key Facts
1Carvana exceeded revenue estimates for the current quarter driven by record sales volume.
2Strong sales volumes helped offset lower gross profit per unit (GPU) and overall profits.
Carvana reported third-quarter revenue of $8.04 billion, surpassing analyst estimates. The company posted a net profit of $289 million, while adjusted EBITDA reached $800 million for the period.
CVNA shares surged 8.4% to trade at $59.05 on October 28, 2026, up from the previous close of $59.23. Seeking Alpha reported that a 40% jump in vehicle sales volume helped offset margin compression, while management separately targeted 3 million annual retail units and a 12.5% operating margin by 2030–2035 as net debt improved to its best level in nearly five years.