Carvana Co. (CVNA)

NYSE: CVNA · Real-Time Price · USD

74.59

+1.16 (1.58%)

At close: Sep 4, 2026, 4:00 PM EDT

74.49

-0.10 (-0.13%)

After-hours: Sep 4, 2026, 7:59 PM EDT

Carvana Co. Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	25,058	20,322	13,673	10,771	13,604	12,814
Revenue Growth	53.98%	48.63%	26.94%	-20.82%	6.17%	129.35%
Gross Profit	4,854	4,192	2,876	1,724	1,253	1,929
Operating Income	2,238	1,884	1,002	-65	-1,447	-104
Net Income	1,568	1,407	210	450	-1,587	-135
Earnings Per Share	1.81	1.69	0.32	0.15	-3.15	-0.33
EPS Growth	125.30%	431.41%	112.61%	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Retail Vehicle Sales	18,487	14,537	9,681	7,514	10,254	9,851
Wholesale Sales and	4,586	4,052	2,841	2,504	2,609	1,920
Other Sales and	1,985	1,733	1,151	753	741	1,043
Revenue (Total)	25,058	20,322	13,673	10,771	13,604	12,814

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	3,132	2,813	2,180	896	755	785
Total Debt	5,697	5,595	6,046	6,713	8,820	5,774
Net Cash (Debt)	-2,565	-2,782	-3,866	-5,817	-8,065	-4,989
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.26	-2.48	-5.85	-5.80	-16.00	-12.05

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	1,120	1,036	918	803	-1,324	-2,594
Capital Expenditures	-191	-147	-91	-87	-512	-557
Free Cash Flow	929	889	827	716	-1,836	-3,151
Free Cash Flow Growth	51.06%	7.50%	15.50%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	19.37%	20.63%	21.03%	16.01%	9.21%	15.05%
Operating Margin	8.93%	9.27%	7.33%	-0.60%	-10.64%	-0.81%
Pretax Margin	-2.21%	-4.38%	2.93%	1.62%	-21.27%	-2.23%
Profit Margin	6.26%	6.92%	1.54%	4.18%	-11.67%	-1.05%
FCF Margin	3.71%	4.38%	6.05%	6.65%	-13.50%	-24.59%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	41.12	42.42	124.45	13.42	-	-
Forward PE	36.51	63.29	84.21	-	-	-
P/FCF Ratio	89.71	67.14	31.60	8.43	-	-
PS Ratio	3.33	2.94	1.91	0.56	0.04	1.55