Form 8-K · Current report
Carvana 8-K, filed Oct 28, 2026
- Filed
- CIK
- 0001690820
- Accession no.
- 0001690820-26-000066
Summary
Carvana reported record third-quarter 2026 results, with 217,385 retail units sold, revenue of $8.040 billion, net income of $483 million, and Adjusted EBITDA of $800 million; it said it expects fourth-quarter retail units to increase sequentially and full-year 2026 Adjusted EBITDA at the higher end of its $2.7 billion to $3.0 billion range. The company also said it plans to shift its primary reporting focus to GAAP metrics in 2027 and to stop providing quarterly or annual financial outlooks beginning with its fourth-quarter 2026 earnings call.
Key points
- Carvana sold 217,385 retail units in Q3 2026, up 39% year over year, while revenue rose 42% to $8.040 billion.
- Net income was $483 million and Adjusted EBITDA was $800 million; Adjusted EBITDA margin decreased to 10.0% from 11.3% a year earlier.
- Carvana said net income was negatively affected by a $53 million loss on debt extinguishment tied to early redemption of its Senior Secured Notes due 2030.
- Carvana said it will convert its mid-term goal to 3 million annual retail units at a 12.5% operating margin between 2030 and 2035.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On October 28, 2026, Carvana Co. (the "Company") announced its financial results for the fiscal quarter ended September 30, 2026 by issuing a letter to its shareholders and a press release. The Company will also be holding a conference call on October 28, 2026 to discuss its financial results for the fiscal quarter ended September 30, 2026. The full text of the Company's letter to its shareholders and press release are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference. …
An excerpt of the text as filed with the SEC, cut for length.
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