carvana reports strong quarter with elevated used car sales outlook

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.

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