Income StatementBalance SheetCash FlowSegments
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Carvana Business Segments

Business, geographic, and product segment breakdowns

Carvana generates $22.5B in annual revenue across 2 key segments: Used vehicle sales, net ($16.4B), and Wholesale sales and revenues ($4.3B). The company-wide operating margin is 9.18%. Based on the Q1 2026 filing.

Used vehicle sales, net (TTM)$16.4BWholesale sales and revenues (TTM)$4.3B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$286.53B
P/E Ratio198.84
ROE55.17%

Products & Services

Net sales and operating revenues, from related parties

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Used vehicle sales, net$2.6B$3.0B$3.4B$4.0B$4.2B$4.8B
Wholesale sales and revenues$678.0M$863.0M$1.0B$1.2B$988.0M$1.1B

Selling, general and administrative expenses, including $32, $31, and $33, respectively, to related parties

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Shipping and Handling$29.5M$40.5M$40.5M$40.5M$40.5M—

Cost of sales, including $5 and $3, respectively, to related parties

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wholesale Marketplace Revenues—$1.0M$1.0M$0.0—$0.0

Payments for vehicle inventory

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wholesale sales and revenues—$3.0M$3.0M$4.0M$2.0M$4.0M

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net sales and operating revenues, from related parties$3.5B$4.2B$4.8B$5.6B$5.6B$6.4B
Cost of sales, including $5 and $3, respectively, to related parties$2.8B$3.3B$3.8B$4.5B$4.6B$5.2B
Gross Profit$763.0M$929.0M$1.1B$1.1B$1.1B$1.3B
Operating Income (Loss)$260.0M$394.0M$511.0M$552.0M$424.0M$581.0M
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax$156.0M$375.0M$308.0M$259.0M-$1.8B$441.0M
Net Income$159.0M$373.0M$308.0M$263.0M$951.0M$405.0M
Other$198.0M$211.0M$212.0M$224.0M$238.0M$260.0M
Compensation and benefits$184.0M$199.0M$201.0M$209.0M$221.0M$245.0M
Advertising$64.0M$72.0M$84.0M$102.0M$105.0M$118.0M
Net Interest Expense$148.0M$139.0M$143.0M$125.0M$98.0M$99.0M
Logistics$32.0M$37.0M$38.0M$43.0M$44.0M$48.0M
Other Nonoperating Income (Expense)$50.0M$122.0M-$60.0M-$154.0M-$2.2B-$41.0M
Income tax provision-$3.0M$2.0M$0.0-$4.0M-$2.8B$36.0M
Market occupancy$16.0M$16.0M$16.0M$17.0M$19.0M$19.0M
Gain (Loss) on Extinguishment of Debt-$6.0M-$2.0M$0.0-$14.0M$0.0$0.0
Other Operating Income-$9.0M$0.0-$2.0M-$1.0M$0.0$0.0