Carvana Co (CVNA) Hits Record Sales and Profitability in Q3

Carvana Co (NYSE:CVNA) is one of the best stocks to invest in, according to billionaire D.E. Shaw. On October 29, Carvana Co (NYSE:CVNA) delivered a standout third quarter, selling nearly 156,000 retail units and generating $5.65 billion in revenue, both record highs.

The company posted $263 million in net income and $637 million in adjusted EBITDA, reflecting strong margins and operational efficiency. CEO Ernie Garcia credited the results to Carvana’s vertically integrated model, which continues to improve customer experience and drive growth.

Looking ahead, Carvana expects to sell over 150,000 units in Q4 and finish the year with adjusted EBITDA at the top end of its $2.0 to $2.2 billion guidance. With a revenue run rate now above $20 billion, the company remains focused on scaling its platform and unlocking long-term value through speed, selection, and convenience.

Carvana Co (NYSE:CVNA) is an e-commerce company that operates an online platform for buying and selling used cars. It allows customers to browse, purchase, and sell used vehicles through its website or app, which features 360-degree virtual tours of cars. Carvana also handles vehicle acquisition, reconditioning, and logistics.

While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.