Skip to content
Carvana logo

Carvana

CVNA

Carvana is a leading e-commerce platform that provides a vertically integrated end-to-end solution for buying, selling, and financing used vehicles.

Market cap
$47.53B+1.1%
Revenue$22.5B+51.7%
Net income$1.4B+262%
Free cash flow$742.0M-21.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$6.9B
EPS estimate$0.42

Financials

Q1 2026

Income statement

See full
Revenue$6.4B+52.0%
Gross profit$1.3B+36.8%
Operating income$581.0M+47.5%
Net income$250.0M+15.7%

Balance sheet

See full
Cash & equivalents$2.5B+31.9%
Total debt$5.7B-8.4%
Total equity$3.7B+147%
Total assets$13.8B+55.1%

Cash flow

See full
Operating cash flow$107.0M-53.9%
CapEx$51.0M+88.9%
Free cash flow$56.0M-72.7%

Valuation & ratios

Valuation

See full
Market cap$47.53B+1.1%
Enterprise value$50.71B-1.3%
P/E33×-50.6×
P/S2.1×-0.8×

Profitability

See full
Gross margin20.1%-1.5pp
Operating margin9.2%+0.8pp
Net margin6.4%+3.7pp
FCF margin3.3%-3.1pp

Returns & leverage

See full
Return on equity55.2%+10.8pp
Debt / equity1.5×-2.6×
Current ratio4.1×+0.3×

Segments

By product

See full
Used vehicle sales, net$4.8B+62.0%
Wholesale sales and revenues$1.1B+24.9%

By segment

See full
Reportable Segment$6.4B+52.0%

Competitors

Profile

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.

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.

GeographiesUnited States
Customer segmentsRetail Consumers, Used Car Buyers
Business modelB2C E-commerce, Direct-to-Consumer, Vertical Integration
SuppliersUsed Car Auctions, Wholesale Vehicle Suppliers, Auto Part Manufacturers, Logistics and Transport Vendors
CustomersIndividual Retail Consumers, Used Car Dealerships, Wholesale Automotive Buyers
Listed2017
Employees13.7K
CEOErnest C. Garcia
FilingsSEC EDGAR

Questions, answered.

What is Carvana's market cap?
Carvana (CVNA) has a market capitalization of $47.5B and trades on NYSE.
What is Carvana's revenue and profitability?
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 $742.0M. These figures are based on the Q1 2026 filing.
Who are Carvana's competitors?
Carvana's key competitors include CarMax, Inc., AutoNation, Inc., Vroom, Inc., and others. These companies compete in similar markets and product categories.
Who does Carvana partner with?
Carvana's notable partners include Root, Inc., Cox Automotive.
What subsidiaries does Carvana have?
Carvana's subsidiaries include Carvana Group, LLC, ADESA.
Where is Carvana headquartered?
Carvana is headquartered in United States of America and employs approximately 13,700 people. It has been publicly traded since 2017.