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Carvana (CVNA) Q3 2026 Earnings Call Transcript

Carvana Co. reported its financial results for the third quarter ended September 30, 2026, with retail units sold totaling 217,385, an increase of 39% year-over-year. Revenue totaled $8.040 billion, an increase of 42%, and total Gross profit was $1.521 billion, an increase of 32%

Carvana Co. Reports Q3 2026 Results with 217,385 Retail Units Sold and $8.040 billion Revenue

In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, AutoZone, Inc. (Symbol: AZO) has taken over the #235 spot from Carvana Co (Symbol: CVNA), according to The Online Investor.  

	Market capitalization is an important data

AutoZone Moves Up In Market Cap Rank, Passing Carvana 

Key PointsGE Vernova's order backlog has soared due to accelerating demand.

Stock-Split Watch: Is GE Vernova Next?

The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.69%.  September E-mini S&P futures (ESU26 ) are up +1.09%, and September E-mini Nasdaq futures...

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CVNA cuts non-GAAP SG&A expense by $170 per retail unit in Q1 2026 as higher sales improve efficiency, with more leverage expected as the business scales.


Will Carvana's SG&A Leverage Continue as the Business Scales Up?

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. The company also operates auction sites. Carvana Co. was founded in 2012 and is based in Tempe, Arizona.

Carvana Co. News