Carvana climbs after Q3 revenue beat

By Reuters News08:33 (UTC), 29 October 2026 Updated

** Shares of online used-car retailer Carvana CVNA.N up 8.7% at $64.24 premarket

** Co beat Q3 revenue of $8.04 bln, beating analyst est. of $7.70 bln

** Co said doubling its customer base and improved unit economics contributed to results

** BTIG says results "validate the bull thesis that CVNA can pass on value to consumers to grow market share while maintaining industry-leading unit economics"

** 16 out of 26 analysts rate stock "buy" or higher, nine rate it "hold", one "sell"; median PT at $82.50 - data compiled by LSEG

** As of last close, stock down 30% YTD

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