Carvana Stock Surges On Q3 Earnings: Revenue Beat, EPS Beat, Vehicle Sales Up 34% — 'We Are Just Getting Started'

Carvana Co (NYSE:CVNA) reported financial results for the third quarter after the market close on Wednesday. Here’s a look at the key metrics from the quarter.

Q3 Earnings: Carvana reported third-quarter revenue of $3.66 billion, beating the consensus estimate of $3.45 billion, according to Benzinga Pro. The used car retailer reported third-quarter earnings of 64 cents per share, beating analyst estimates of 17 cents per share.

Total revenue was up 32% year-over-year. Carvana sold 108,651 vehicles in the third quarter, up 34% year-over-year. Gross profit per unit was $7,427 in the quarter, up $1,475 from the prior year’s ...