Carvana CEO shares blunt truth about EVs
Online car marketplace Carvana has benefited from a strong used car market in 2025. New car prices have been stable for most of the year, and used car prices have also remained steady in response. Carvana Q3 results 150,941 retail units sold, +44% Revenue +55% to 263 million, +$115 million year over year Record levels of retail units sold, revenue, adjusted EBITDA, and operating income As Kelley Blue Book notes, "when new car prices rise, used car prices tend to follow." ...