Carvana
CVNA
62.76
-1.12
-1.75%
Carvana
US · CVNA
#305 by market cap
Listed 2017
62.76
-1.12
-1.75%
Live - 5344 symbols - heartbeat 80s ago
· 2026-10-08 08:32
Pre-market
61.90
-1.37%
After-hours
62.92
+0.25%
Overnight
62.21
-0.88%
- Market cap
- 45.18B
- P/E (TTM)i
- 33.21
- P/Bi
- 11.22
- EPSi
- 1.69
- Div yieldi
- 0.00%
- 52W posi
- 19%
Reader sentiment
Are you bullish or bearish on CVNA?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 5.48, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +48.63% YoY
Margins
- Gross margin
- 20.63%
- Operating margin
- 9.26%
- Net margin
- 6.92%
Key ratios & quality
- Enterprise valuei
- 47.48B
- Altman Z-Scorei
- 5.48
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.96B | 3.94B | 5.59B | 12.81B | 13.60B | 10.77B | 13.67B | 20.32B |
| Gross profit | 196.71M | 507.00M | 794.00M | 1.93B | 1.25B | 1.72B | 2.88B | 4.19B |
| Selling & admin expenses | 425.26M | 787.00M | 1.13B | 2.03B | 2.74B | 1.80B | 1.87B | 2.31B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -228.55M | -280.00M | -332.00M | -104.00M | -1.50B | -80.00M | 990.00M | 1.88B |
| Pretax profit | -254.75M | -365.00M | -462.00M | -286.00M | -2.89B | 175.00M | 400.00M | -890.00M |
| Tax | 0 | 0 | 0 | 1.00M | 1.00M | 25.00M | -4.00M | -2.79B |
| Net profit | -254.75M | -365.00M | -462.00M | -287.00M | -2.89B | 150.00M | 404.00M | 1.90B |
| Basic EPS | 0 | 0 | -1 | 0 | -3 | 1 | 0 | 2 |
| Diluted EPS | -0.41 | -0.49 | -0.53 | -0.33 | -3.15 | 0.15 | 0.32 | 1.69 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.23B | 4.84B | 5.65B | 5.60B | 6.43B | 7.38B |
| Gross profit | 929.00M | 1.06B | 1.15B | 1.05B | 1.27B | 1.38B |
| Selling & admin expenses | 535.00M | 551.00M | 595.00M | 627.00M | 690.00M | 704.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 394.00M | 511.00M | 552.00M | 424.00M | 581.00M | 680.00M |
| Pretax profit | 375.00M | 308.00M | 259.00M | -1.83B | 441.00M | 579.00M |
| Tax | 2.00M | 0 | -4.00M | -2.78B | 36.00M | 66.00M |
| Net profit | 373.00M | 308.00M | 263.00M | 951.00M | 405.00M | 513.00M |
| Basic EPS | 0 | 0 | 0 | 1 | 0 | 0 |
| Diluted EPS | 0.30 | 0.26 | 0.21 | 0.84 | 0.34 | 0.42 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 662.85M | 1.36B | 1.92B | 4.89B | 4.59B | 3.32B | 4.87B | 6.55B |
| Cash & ST investments | 78.86M | 76.02M | 301.00M | 403.00M | 755.00M | 896.00M | 2.18B | 2.81B |
| Inventory | 412.24M | 762.70M | 1.04B | 3.15B | 1.88B | 1.15B | 1.61B | 2.41B |
| Total assets | 991.01M | 2.06B | 3.04B | 7.02B | 8.70B | 7.07B | 8.48B | 13.20B |
| Total current liabilities | 329.51M | 864.87M | 467.00M | 2.89B | 2.59B | 1.54B | 1.34B | 1.52B |
| Short-term debt | 208.10M | 617.57M | 105.00M | 2.21B | 1.74B | 857.00M | 376.00M | 285.00M |
| Long-term debt | 425.35M | 883.06M | 1.62B | 3.21B | 6.57B | 5.42B | 5.26B | 4.83B |
| Total liabilities | 763,585,000.00 | 1,865,809,000.00 | 2,233,000,000.00 | 6,490,000,000.00 | 9,751,000,000.00 | 7,455,000,000.00 | 7,109,000,000.00 | 8,998,000,000.00 |
| Total equity | 227.43M | 191.94M | 802.00M | 525.00M | -1.05B | -384.00M | 1.38B | 4.20B |
| Retained earnings | -68.38M | -183.03M | -354.00M | -489.00M | -2.08B | -1.63B | -1.42B | -9.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 5.14B | 5.67B | 6.27B | 6.55B | 7.20B | 8.01B |
| Cash & ST investments | 2.33B | 2.32B | 2.63B | 2.81B | 2.90B | 3.13B |
| Inventory | 1.50B | 2.02B | 2.32B | 2.41B | 2.66B | 3.26B |
| Total assets | 8.88B | 9.37B | 9.85B | 13.20B | 13.77B | 14.55B |
| Total current liabilities | 1.35B | 1.42B | 1.55B | 1.52B | 1.76B | 2.04B |
| Short-term debt | 372.00M | 384.00M | 393.00M | 285.00M | 308.00M | 382.00M |
| Long-term debt | 5.27B | 5.32B | 4.81B | 4.83B | 4.85B | 4.85B |
| Total liabilities | 7,105,000,000.00 | 7,249,000,000.00 | 6,902,000,000.00 | 8,998,000,000.00 | 9,139,000,000.00 | 9,414,000,000.00 |
| Total equity | 1.77B | 2.12B | 2.95B | 4.20B | 4.63B | 5.14B |
| Retained earnings | -1.20B | -1.02B | -866.00M | -9.00M | 241.00M | 551.00M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -414.34M | -757.00M | -608.00M | -2.59B | -1.32B | 803.00M | 918.00M | 1.04B |
| Depreciation & amortization | 23.54M | 41.00M | 74.00M | 105.00M | 261.00M | 352.00M | 305.00M | 275.00M |
| Free cash flow | -558.01M | -988.00M | -968.00M | -3.15B | -1.84B | 716.00M | 827.00M | 889.00M |
| Dividends paid | -4.62M | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 172.29M | 297.00M | 1.06B | 0 | 1.23B | 453.00M | 1.26B | 536.00M |
| Ending cash balance | 88.71M | 118.00M | 329.00M | 636.00M | 628.00M | 594.00M | 1.76B | 2.43B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 232.00M | 29.00M | 345.00M | 430.00M | 107.00M | 238.00M |
| Depreciation & amortization | 73.00M | 68.00M | 65.00M | 69.00M | 69.00M | 69.00M |
| Free cash flow | 205.00M | -2.00M | 307.00M | 379.00M | 56.00M | 187.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | 536.00M | 0 | -- | -- |
| Ending cash balance | 1.90B | 1.93B | 2.22B | 2.43B | 2.51B | 2.74B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -132.02 | -133.70 | -70.47 | -38.93 | -- | -- | 27.94 | 59.86 |
| ROA %i | -8.25 | -7.52 | -6.72 | -2.69 | -20.20 | 5.71 | 2.70 | 12.98 |
| ROIC %i | -8.16 | -2.81 | -2.00 | -0.16 | -- | -- | 10.16 | 22.20 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -11.75 | -7.21 | -5.92 | -0.86 | -17.69 | 7.49 | 7.69 | -1.89 |
| FCF / sales %i | -- | -- | -- | -- | -- | 6.65 | 6.05 | 4.37 |
| Current ratioi | 2.01 | 1.57 | 4.12 | 1.69 | 1.77 | 2.16 | 3.64 | 4.31 |
| Quick ratioi | 0.34 | 0.13 | 0.81 | 0.21 | 0.39 | 0.76 | 1.86 | 2.02 |
| Debt / assetsi | 63.92 | 78.57 | 61.61 | 82.31 | 101.36 | 94.84 | 71.26 | 41.82 |
| LT debt / equityi | 533.78 | 1,018.36 | 454.90 | 1,166.34 | -- | 2,407.00 | 450.00 | 152.17 |
| Interest coveragei | -9.18 | -3.52 | -2.52 | -0.63 | -4.95 | 1.28 | 1.61 | -0.76 |
| Revenue CAGR (3Y) %i | 146.60 | 120.97 | 86.67 | 87.13 | 51.14 | 24.46 | 2.19 | 14.31 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 44.39 | 49.91 | 43.53 | 59.86 | 55.17 | 54.46 |
| ROA %i | 5.02 | 6.81 | 7.31 | 12.98 | 12.72 | 13.11 |
| ROIC %i | 12.41 | 14.15 | 14.58 | 22.20 | 20.46 | 20.83 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 9.05 | 9.67 | 9.05 | -1.89 | -1.59 | -0.52 |
| FCF / sales %i | 6.39 | 3.78 | 2.99 | 4.37 | 3.29 | 3.71 |
| Current ratioi | 3.81 | 4.00 | 4.05 | 4.31 | 4.09 | 3.93 |
| Quick ratioi | 2.01 | 1.87 | 1.93 | 2.02 | 1.84 | 1.72 |
| Debt / assetsi | 68.07 | 65.23 | 56.89 | 41.82 | 40.27 | 38.63 |
| LT debt / equityi | 377.06 | 330.92 | 228.70 | 152.17 | 140.81 | 130.06 |
| Interest coveragei | 2.18 | 2.68 | 2.98 | -0.76 | -0.77 | -0.31 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 08:32:17 · For reference only, not investment advice and not tailored to your situation.