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CVNA Revenue by Segments

Revenue by Segments

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In Q3'25, Carvana's (CVNA) total revenue reached $5.64B, driven primarily by retail vehicle sales at $3.996B, which accounted for about 71% of the total. Wholesale sales and revenues contributed $1.177B (21%), while other sales and revenues added $474M (8%), marking a strong quarter with retail as the dominant segment. From Q4'22 to Q3'25, retail vehicle sales exhibited an upward trend, growing from $2.068B to $3.996B with notable acceleration post-Q4'23, reflecting a 93% increase overall. Wholesale sales fluctuated but trended higher from $633M to $1.177B (86% growth), while other sales rose steadily from $136M to $474M (249% growth), underscoring diversified revenue expansion amid volatility in earlier periods.