Carvana Co. (CVNA) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.938 Good day and welcome to Carvana's third quarter 2025 earnings conference call. 00:00:04.938 -- 00:00:08.804 All parties or participants will be in listen-only mode. 00:00:08.804 -- 00:00:12.549 Should you need assistance, please signal a conference specialist by pressing the star 00:00:12.549 -- 00:00:14.832 key followed by zero. 00:00:14.832 -- 00:00:18.618 After today's presentation, there will be an opportunity to ask questions. 00:00:18.618 -- 00:00:23.004 To ask a question, you may press star then one on your telephone keypad. 00:00:23.004 -- 00:00:26.209 To withdraw your question, please press star then two. 00:00:26.209 -- 00:00:29.123 Please note, this event is being recorded. 00:00:29.123 -- 00:00:33.110 I would now like to turn the conference over to Meg Kehan with Investor Relations. 00:00:33.110 -- 00:00:35.374 Please go ahead. 00:00:35.374 -- 00:00:39.480 Thank you. Good afternoon, ladies and gentlemen, and thank you for joining us on Carvana's 00:00:39.480 -- 00:00:42.445 third quarter 2025 earnings conference call. 00:00:42.445 -- 00:00:46.392 Please note that this call will be simultaneously webcast on the Investor Relations section 00:00:46.392 -- 00:00:49.835 of the company's corporate website at investors.carvana.com. 00:00:49.998 -- 00:00:53.373 The third quarter shareholder letter is also posted on the IR website. 00:00:53.373 -- 00:00:57.399 Additionally, we posted a set of supplemental financial tables for Q3, which can be found 00:00:57.399 -- 00:01:00.523 on the events and presentations page of our IR website. 00:01:00.523 -- 00:01:04.649 Joining me on the call today are Ernie Garcia, Chief Executive Officer, and Mark Jenkins, 00:01:04.649 -- 00:01:08.535 Chief Financial Officer. Before we start, I would li...