Carvana Co. exceeded analysts' expectations in the third quarter with strong financial results, driven by high demand and pricing in the used-car market.
Earnings per share for the period ending September 30 were 68 cents, while revenue reached $3.66 billion, surpassing consensus estimates of $3.46 billion.
The company remains optimistic about its full-year earnings outlook, reflecting confidence in the continued strength of used-car sales.