Carvana logo

Carvana

CVNANYSEStock Fundamentals

Carvana is a leading e-commerce platform that provides a vertically integrated end-to-end solution for buying, selling, and financing used vehicles. The company leverages a proprietary logistics network and automated inspection centers to offer consumers a transparent, no-pressure alternative to traditional automotive dealerships.

Market Cap$286.53B
Revenue TTM$22.5B
Net Income TTM$1.4B
P/E Ratio198.84
Net Margin6.4%
EPS TTM$8.45
Free Cash Flow TTM$740.0M
Employees13.7K
CEOErnest C. Garcia
CountryUnited States of America
Consumer Cyclical
Specialty Retail
SegmentsSpecialty Retail, E-commerce, Automotive Retail
Business ModelsB2C E-commerce, Direct-to-Consumer, Vertical Integration
Most Recent EarningsApr 29, 2026 · 12 days agoQ1 2026
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Next EarningsJul 29, 2026 · in 3 monthsAfter Market Close · Q2 2026

Financials

Based on Q1 2026 filing

Gross Margin20.13%
Op. Margin9.18%
ROE55.17%
D/E152.9%
Current Ratio4.09
Total Debt$5.7B
Cash$2.5B
CapEx TTM$171.0M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Retail Vehicle Sales

primary

The primary business driver involving the online sale of reconditioned used vehicles directly to consumers through a mobile-optimized platform featuring 360-degree virtual tours.

Products

Carvana.com, Automated Photo Technology

Customers

Individual Consumers

Wholesale Vehicle Sales

major

The sale of vehicles that do not meet retail standards to professional dealers and wholesalers through proprietary and third-party auction platforms.

Products

Wholesale Marketplace Platform, Digital Auction Platform

Customers

Automotive Dealers, Wholesale Buyers

Financial Services and Complementary Products

moderate

Integrated value-added services including in-house financing, vehicle protection plans, and insurance referral services.

Products

Vehicle Service Contracts (VSC), Guaranteed Asset Protection (GAP) Waiver, Carvana Auto Insurance

Customers

Retail Car Buyers

Segment Financials

Retail vehicle sales, net — Net sales and operating revenues, from related parties

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Wholesale sales and revenues — Net sales and operating revenues, from related parties

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Wholesale sales and revenues — Payments for vehicle inventory

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Business Overview

Competitive Position

Carvana is a leading disruptor in the highly fragmented U.S. used vehicle market, utilizing a custom-built logistics and reconditioning network to gain market share from traditional dealerships.

Geographies

United States

Customer Segments

Retail Consumers, Used Car Buyers

Upstream Dependencies

Used Car Auctions, Wholesale Vehicle Suppliers, Auto Part Manufacturers, Logistics and Transport Vendors

Downstream Customers

Individual Retail Consumers, Used Car Dealerships, Wholesale Automotive Buyers

Competitors & Partners

Partners

Root, Inc. logo

Root, Inc.

ROOT

Integrated auto insurance partner providing solutions directly through the Carvana platform.

C

Cox Automotive

Industry data provider and market analyst cited for transaction volume data.

Subsidiaries

C

Carvana Group, LLC

The primary operating entity through which Carvana Co. conducts its business.

A

ADESA

Wholesale auction and reconditioning business unit.

Carvana logo

Carvana FAQ

Common questions about Carvana

Carvana is a leading e-commerce platform that provides a vertically integrated end-to-end solution for buying, selling, and financing used vehicles. The company leverages a proprietary logistics network and automated inspection centers to offer consumers a transparent, no-pressure alternative to traditional automotive dealerships.

Carvana (CVNA) has a market capitalization of $286.53B and trades on NYSE.

Carvana generated $22.5B in trailing twelve-month revenue with net income of $1.4B, representing a net margin of 6.4%. Gross margin stands at 20.1%, with free cash flow of $740.0M. These figures are based on the Q1 2026 filing.

Carvana's key competitors include AutoNation, Inc., CarMax, Inc., General Motors Company, and others. These companies compete in similar markets and product categories.

Carvana has approximately 13,700 employees.