Shares of Carvana ( CVNA ) jumped 20% on Thursday after the online used-car retailer posted strong third-quarter earnings, beating analysts’ expectations and setting an optimistic tone for the rest of the year. Carvana's Q3 revenue reached $3.66 billion, slightly surpassing the anticipated $3.65 billion, while the company achieved $0.64 per share, well above the $0.30 consensus. This marked Carvana’s third consecutive profitable quarter, a critical milestone for a company that has spent much of 2023 navigating a challenging used-vehicle market and restructuring its debt. Sustained Profitability and Revenue Growth Signal Stability In a striking reversal from previous losses, Carvana reported an impressive adjusted EBITDA of $429 million, nearly triple the $148 million from the same quarter last year. This substantial boost highlights the effectiveness of the company’s cost-cutting measures, with operating and sales costs reduced per retail unit. The company’s revenue growth of 32% y