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Carvana Co.

NYSE: CVNA · USD

Carvana Co. financials

6 charts

Revenue

USD millions

$7,376M
Carvana Co. Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2017 Q2$209.365M; Change unavailable vs FY 2017 Q1
FY 2017 Q3$225.379M; +7.6% vs FY 2017 Q2
FY 2017 Q4$265.053M; +17.6% vs FY 2017 Q3
FY 2018 Q1$360.422M; +36.0% vs FY 2017 Q4
FY 2018 Q2$475.286M; +31.9% vs FY 2018 Q1
FY 2018 Q3$534.921M; +12.5% vs FY 2018 Q2
FY 2018 Q4$584.838M; +9.3% vs FY 2018 Q3
FY 2019 Q1$755.234M; +29.1% vs FY 2018 Q4
FY 2019 Q2$986.221M; +30.6% vs FY 2019 Q1
FY 2019 Q3$1,094.854M; +11.0% vs FY 2019 Q2
FY 2019 Q4$1,103.587M; +0.8% vs FY 2019 Q3
FY 2020 Q1$1,098.216M; −0.5% vs FY 2019 Q4
FY 2020 Q2$1,118.334M; +1.8% vs FY 2020 Q1
FY 2020 Q3$1,543.609M; +38.0% vs FY 2020 Q2
FY 2020 Q4$1,826.406M; +18.3% vs FY 2020 Q3
FY 2021 Q1$2,245M; +22.9% vs FY 2020 Q4
FY 2021 Q2$3,336M; +48.6% vs FY 2021 Q1
FY 2021 Q3$3,480M; +4.3% vs FY 2021 Q2
FY 2021 Q4$3,753M; +7.8% vs FY 2021 Q3
FY 2022 Q1$3,497M; −6.8% vs FY 2021 Q4
FY 2022 Q2$3,884M; +11.1% vs FY 2022 Q1
FY 2022 Q3$3,386M; −12.8% vs FY 2022 Q2
FY 2022 Q4$2,837M; −16.2% vs FY 2022 Q3
FY 2023 Q1$2,606M; −8.1% vs FY 2022 Q4
FY 2023 Q2$2,968M; +13.9% vs FY 2023 Q1
FY 2023 Q3$2,773M; −6.6% vs FY 2023 Q2
FY 2023 Q4$2,424M; −12.6% vs FY 2023 Q3
FY 2024 Q1$3,061M; +26.3% vs FY 2023 Q4
FY 2024 Q2$3,410M; +11.4% vs FY 2024 Q1
FY 2024 Q3$3,655M; +7.2% vs FY 2024 Q2
FY 2024 Q4$3,547M; −3.0% vs FY 2024 Q3
FY 2025 Q1$4,232M; +19.3% vs FY 2024 Q4
FY 2025 Q2$4,840M; +14.4% vs FY 2025 Q1
FY 2025 Q3$5,647M; +16.7% vs FY 2025 Q2
FY 2025 Q4$5,603M; −0.8% vs FY 2025 Q3
FY 2026 Q1$6,432M; +14.8% vs FY 2025 Q4
FY 2026 Q2$7,376M; +14.7% vs FY 2026 Q1
Jun 30, 2017 through Sep 25, 2026

Free cash flow

USD millions

$187M
Carvana Co. Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2017 Q2$-32.425M; Change unavailable vs FY 2017 Q1
FY 2017 Q3$-71.555M; −120.7% vs FY 2017 Q2
FY 2017 Q4$-102.992M; −43.9% vs FY 2017 Q3
FY 2018 Q1$-159.46M; −54.8% vs FY 2017 Q4
FY 2018 Q2$-93.45M; +41.4% vs FY 2018 Q1
FY 2018 Q3$-118.193M; −26.5% vs FY 2018 Q2
FY 2018 Q4$-186.905M; −58.1% vs FY 2018 Q3
FY 2019 Q1$-257.708M; −37.9% vs FY 2018 Q4
FY 2019 Q2$-125.263M; +51.4% vs FY 2019 Q1
FY 2019 Q3$-203.084M; −62.1% vs FY 2019 Q2
FY 2019 Q4$-401.617M; −97.8% vs FY 2019 Q3
FY 2020 Q1$-257.891M; +35.8% vs FY 2019 Q4
FY 2020 Q2$-88.588M; +65.6% vs FY 2020 Q1
FY 2020 Q3$-370.711M; −318.5% vs FY 2020 Q2
FY 2020 Q4$-251.023M; +32.3% vs FY 2020 Q3
FY 2021 Q1$-614M; −144.6% vs FY 2020 Q4
FY 2021 Q2$-719M; −17.1% vs FY 2021 Q1
FY 2021 Q3$-479M; +33.4% vs FY 2021 Q2
FY 2021 Q4$-1,339M; −179.5% vs FY 2021 Q3
FY 2022 Q1$-813M; +39.3% vs FY 2021 Q4
FY 2022 Q2$-35M; +95.7% vs FY 2022 Q1
FY 2022 Q3$-188M; −437.1% vs FY 2022 Q2
FY 2022 Q4$-800M; −325.5% vs FY 2022 Q3
FY 2023 Q1$-98M; +87.8% vs FY 2022 Q4
FY 2023 Q2$491M; +601.0% vs FY 2023 Q1
FY 2023 Q3$580M; +18.1% vs FY 2023 Q2
FY 2023 Q4$-257M; −144.3% vs FY 2023 Q3
FY 2024 Q1$83M; +132.3% vs FY 2023 Q4
FY 2024 Q2$332M; +300.0% vs FY 2024 Q1
FY 2024 Q3$376M; +13.3% vs FY 2024 Q2
FY 2024 Q4$36M; −90.4% vs FY 2024 Q3
FY 2025 Q1$205M; +469.4% vs FY 2024 Q4
FY 2025 Q2$-2M; −101.0% vs FY 2025 Q1
FY 2025 Q3$307M; +15450.0% vs FY 2025 Q2
FY 2025 Q4$379M; +23.5% vs FY 2025 Q3
FY 2026 Q1$56M; −85.2% vs FY 2025 Q4
FY 2026 Q2$187M; +233.9% vs FY 2026 Q1

Net margin

%

4.2%
Carvana Co. Net margin. Reported fiscal history.
Fiscal period%
FY 2017 Q2-6.95%
FY 2017 Q3-1.94%
FY 2017 Q4-2.07%
FY 2018 Q1-1.95%
FY 2018 Q2-2.1%
FY 2018 Q3-3%
FY 2018 Q4-4.91%
FY 2019 Q1-3.78%
FY 2019 Q2-2.7%
FY 2019 Q3-3.56%
FY 2019 Q4-3.73%
FY 2020 Q1-5.45%
FY 2020 Q2-3.65%
FY 2020 Q3-0.46%
FY 2020 Q4-3.47%
FY 2021 Q1-1.6%
FY 2021 Q20.66%
FY 2021 Q3-0.92%
FY 2021 Q4-2.37%
FY 2022 Q1-7.43%
FY 2022 Q2-6.13%
FY 2022 Q3-8.36%
FY 2022 Q4-28.41%
FY 2023 Q1-6.14%
FY 2023 Q2-1.95%
FY 2023 Q328.2%
FY 2023 Q4-4.7%
FY 2024 Q10.91%
FY 2024 Q20.53%
FY 2024 Q32.33%
FY 2024 Q42.23%
FY 2025 Q15.1%
FY 2025 Q23.78%
FY 2025 Q32.67%
FY 2025 Q415.3%
FY 2026 Q13.89%
FY 2026 Q24.2%

P/E

× · TTM · Daily

30.7×
Carvana Co. P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2021-11-30—2020-09-30
2021-12-31—2020-09-30
2022-01-31—2020-09-30
2022-02-28—2021-12-31
2022-03-31—2021-12-31
2022-04-29—2021-12-31
2022-05-31—2021-12-31
2022-06-30—2021-12-31
2022-07-29—2021-12-31
2022-08-31—2021-12-31
2022-09-30—2021-12-31
2022-10-31—2021-12-31
2022-11-30—2021-12-31
2022-12-30—2021-12-31
2023-01-31—2021-12-31
2023-02-28—2021-12-31
2023-03-31—2021-12-31
2023-04-28—2021-12-31
2023-05-31—2021-12-31
2023-06-30—2021-12-31
2023-07-31—2022-06-30
2023-08-31—2022-06-30
2023-09-29—2022-06-30
2023-10-31—2022-06-30
2023-11-30—2022-06-30
2023-12-29—2022-06-30
2024-01-31—2022-06-30
2024-02-29—2022-06-30
2024-03-28—2022-06-30
2024-04-30—2022-06-30
2024-05-31—2022-06-30
2024-06-28—2022-06-30
2024-07-31—2022-06-30
2024-08-30—2022-06-30
2024-09-30—2022-06-30
2024-10-31—2022-06-30
2024-11-29—2022-06-30
2024-12-31—2022-06-30
2025-01-31—2022-06-30
2025-02-28146.75×2024-12-31
2025-03-31131.63×2024-12-31
2025-04-30153.83×2024-12-31
2025-05-30205.96×2024-12-31
2025-06-30212.13×2024-12-31
2025-07-31245.63×2024-12-31
2025-08-29234.14×2024-12-31
2025-09-30237.49×2024-12-31
2025-10-31192.98×2024-12-31
2025-11-28235.77×2024-12-31
2025-12-31265.68×2024-12-31
2026-01-30252.52×2024-12-31
2026-02-2753.27×2025-12-31
2026-03-3150.11×2025-12-31
2026-04-3063.09×2025-12-31
2026-05-2958.18×2025-12-31
2026-06-3052.46×2025-12-31
2026-07-3129.43×2026-06-30
2026-08-3134.67×2026-06-30
2026-09-2530.7×2026-06-30
Mean 148.07×Median 157.26×80% below median

ROIC

% · Annual / TTM

—
Pretax income is unavailable in the extracted statements for this period.
Carvana Co. ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2017 Q2—
FY 2017 Q3—
FY 2017 Q4—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q4—
FY 2019 Q1—
FY 2019 Q2—
FY 2019 Q3—
FY 2019 Q4—
FY 2020 Q1—
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q4—
FY 2022 Q1—
FY 2022 Q2—
FY 2022 Q3—
FY 2022 Q4—
FY 2023 Q1—
FY 2023 Q2—
FY 2023 Q3—
FY 2023 Q4—
FY 2024 Q1—
FY 2024 Q2—
FY 2024 Q3—
FY 2024 Q4—
FY 2025 Q1—
FY 2025 Q2—
FY 2025 Q3—
FY 2025 Q4—
FY 2026 Q1—
FY 2026 Q2—

Capital allocation

% of tracked cash uses

$80M
Carvana Co. capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2017 Q2100% · $24.02MUnavailableUnavailableUnavailableUnavailable100% · $24.02M
FY 2017 Q3100% · $16.832MUnavailableUnavailableUnavailableUnavailable100% · $16.832M
FY 2017 Q4100% · $19.082MUnavailableUnavailable0% · $0MUnavailable100% · $19.082M
FY 2018 Q194.83% · $28.011MUnavailableUnavailable5.17% · $1.528MUnavailable100% · $29.539M
FY 2018 Q2100% · $45.414MUnavailableUnavailableUnavailableUnavailable100% · $45.414M
FY 2018 Q3100% · $33.803MUnavailableUnavailableUnavailableUnavailable100% · $33.803M
FY 2018 Q499.08% · $36.44MUnavailableUnavailable0.92% · $0.34MUnavailable100% · $36.78M
FY 2019 Q1100% · $43.199MUnavailableUnavailable0% · $0MUnavailable100% · $43.199M
FY 2019 Q2100% · $44.938MUnavailableUnavailableUnavailableUnavailable100% · $44.938M
FY 2019 Q3100% · $63.243MUnavailableUnavailableUnavailableUnavailable100% · $63.243M
FY 2019 Q4100% · $79.158MUnavailableUnavailableUnavailableUnavailable100% · $79.158M
FY 2020 Q1100% · $89.433MUnavailableUnavailableUnavailableUnavailable100% · $89.433M
FY 2020 Q2100% · $81.624MUnavailableUnavailableUnavailableUnavailable100% · $81.624M
FY 2020 Q3100% · $99.429MUnavailableUnavailableUnavailableUnavailable100% · $99.429M
FY 2020 Q4100% · $89.315MUnavailableUnavailableUnavailableUnavailable100% · $89.315M
FY 2021 Q1100% · $82MUnavailableUnavailableUnavailableUnavailable100% · $82M
FY 2021 Q2100% · $112MUnavailableUnavailableUnavailableUnavailable100% · $112M
FY 2021 Q3100% · $196M0% · $0MUnavailableUnavailableUnavailable100% · $196M
FY 2021 Q4100% · $167M0% · $0MUnavailableUnavailableUnavailable100% · $167M
FY 2022 Q1100% · $220M0% · $0MUnavailableUnavailableUnavailable100% · $220M
FY 2022 Q26.05% · $141M93.95% · $2,189MUnavailableUnavailableUnavailable100% · $2,330M
FY 2022 Q3100% · $90M0% · $0MUnavailableUnavailableUnavailable100% · $90M
FY 2022 Q489.71% · $61M10.29% · $7MUnavailableUnavailableUnavailable100% · $68M
FY 2023 Q182.05% · $32M17.95% · $7MUnavailableUnavailableUnavailable100% · $39M
FY 2023 Q2100% · $18M0% · $0MUnavailableUnavailableUnavailable100% · $18M
FY 2023 Q3100% · $19M0% · $0MUnavailableUnavailableUnavailable100% · $19M
FY 2023 Q4100% · $18M0% · $0MUnavailableUnavailableUnavailable100% · $18M
FY 2024 Q1100% · $18M0% · $0MUnavailableUnavailableUnavailable100% · $18M
FY 2024 Q2100% · $22M0% · $0MUnavailableUnavailableUnavailable100% · $22M
FY 2024 Q3100% · $27M0% · $0MUnavailableUnavailableUnavailable100% · $27M
FY 2024 Q4100% · $24M0% · $0MUnavailableUnavailableUnavailable100% · $24M
FY 2025 Q152.94% · $27M47.06% · $24MUnavailableUnavailableUnavailable100% · $51M
FY 2025 Q2100% · $31M0% · $0MUnavailableUnavailableUnavailable100% · $31M
FY 2025 Q358.46% · $38M41.54% · $27MUnavailableUnavailableUnavailable100% · $65M
FY 2025 Q431.87% · $51M68.13% · $109MUnavailableUnavailableUnavailable100% · $160M
FY 2026 Q182.26% · $51M17.74% · $11MUnavailableUnavailableUnavailable100% · $62M
FY 2026 Q263.75% · $51M36.25% · $29MUnavailableUnavailableUnavailable100% · $80M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Carvana Co..

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources