Carvana Co. operates an automotive e-commerce platform for buying and selling used vehicles online. Company news commonly covers retail unit growth, quarterly financial results, online vehicle shopping and selling features, financing and trade-in capabilities, and delivery or pickup options including same-day service in selected markets.
Updates also track Carvana's national operating infrastructure, including Inspection and Reconditioning Centers, ADESA wholesale auction sites, CARLI software used in reconditioning operations, and Car Vending Machine locations. Other recurring developments include stockholder actions, equity-related programs, market expansion, customer experience initiatives, and brand partnerships tied to the company's online auto retail model.
Carvana (CVNA) reported record third-quarter 2026 revenue of $8.040 billion, alongside higher retail sales, net income and operating income.
Retail units sold rose 39% year over year to 217,385, while revenue increased 42%. Net income reached $483 million, up from $263 million, and net income margin increased to 6.0% from 4.7%. Operating income rose to a record $714 million from $552 million, with an 8.9% operating margin. Adjusted EBITDA, a non-GAAP earnings measure, increased to a record $800 million from $637 million, but its margin fell to 10.0% from 11.3%.
Assuming the environment remains stable, Carvana expects fourth-quarter retail units sold to increase sequentially and full-year 2026 adjusted EBITDA toward the higher end of its previously communicated $2.7 billion to $3.0 billion range. Interest expense declined, while the loss on debt extinguishment increased.
Carvana (NYSE: CVNA) renewed its partnership with Phoenix Rising FC for multiple years, continuing as the club's front-of-kit sponsor. The partnership began in 2018 and is entering its 10th season. Carvana also continues as Official Auto Retail Partner of Phoenix Rising FC Youth, supporting recreational and competitive players.
The Carvana Corner VIP Suite at Phoenix Rising Stadium will be renovated and expanded to host a program recognizing members of the Phoenix youth soccer community.
Carvana (CVNA) has expanded same-day vehicle delivery to the greater Jacksonville area, allowing select local customers to receive orders sooner. Eligible buyers can receive a vehicle as soon as the day they order on Carvana.com. Local sellers can also schedule pickup and drop-off as soon as the day they complete the online appraisal. Carvana plans to scale the service regionally as it expands its logistics and reconditioning infrastructure.
Carvana (CVNA) extended its partnership with Rush Soccer for multiple years, continuing as the front-of-kit sponsor on all Rush Soccer game jerseys.
The organizations are also launching a $200,000 youth soccer scholarship fund to help reduce financial barriers across Rush Soccer’s U.S. network. Applications open January 1, 2027, through local Rush Soccer clubs, which will work with Rush Soccer to identify and award recipients each season. New team jerseys featuring Carvana branding will be unveiled in January 2027. The partnership will continue event activations and content collaborations.
Carvana (CVNA) announced plans to add vehicle inspection and reconditioning capabilities at its existing ADESA Orlando wholesale auction site in Sanford, Florida. The company expects the integration to expand capacity and local retail inventory, including vehicles eligible for same-day delivery in Central Florida. Hiring has begun, with about 100 new jobs expected over time. Wholesale auction operations will continue alongside the new capabilities.
Carvana (CVNA) will report third quarter 2026 financial results after the market closes on October 28, 2026. The results cover the period ended September 30, 2026. Management will discuss the business and results during a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) that day. The live webcast and subsequent archive will be available on Carvana’s investor relations website.
Carvana (CVNA) has expanded its same-day vehicle delivery service to customers in the greater Minneapolis–St. Paul area.
Eligible local buyers can now receive vehicles as soon as the same day they place an order on Carvana.com, while sellers can schedule same-day pickup or drop-off after completing the online appraisal process. The service leverages Carvana’s first-party logistics network and regional Inspection and Reconditioning Centers and is part of a same-day delivery offering that is already available in select markets across more than 20 states, with plans for further regional scaling.
Carvana (CVNA) will add Inspection and Reconditioning Center capabilities to its existing ADESA Charlotte wholesale auction facility in Charlotte, North Carolina.
The integration is expected to create about 100 new skilled and entry-level jobs over time and expand Carvana’s reconditioning capacity and local retail inventory. Customers in North Carolina are expected to gain broader vehicle selection and faster delivery options, including same-day delivery for nearby buyers, while wholesale customers gain enhanced on-site inspection and reconditioning services.
Root (NASDAQ: ROOT) announced an extension of its exclusive embedded insurance partnership with Carvana (NYSE: CVNA), covering Carvana Insurance Built with Root through at least August 2028. Launched in 2022, the integrated product offers a three-click auto insurance purchase embedded in Carvana’s online car-buying process. The partnership has surpassed 200,000 policies sold in less than four years, combining Carvana’s digital retail platform with Root’s data science-driven insurance technology to streamline buying a car and insurance in a single experience.
Carvana (NYSE: CVNA) plans to add Inspection and Reconditioning Center capabilities to its existing ADESA Brasher’s wholesale auction facility in Rio Linda, near Sacramento. The integration will expand reconditioning capacity, create about 100 new jobs over time, enhance local retail inventory, and maintain wholesale auction services on the 110-acre site.