What is Carvana's capex?

Carvana (CVNA) reported capex of $51M in Q1 2026.

How has Carvana's capex changed year-over-year?

Carvana's capex increased by 88.9% year-over-year, from $27M to $51M.

What is the long-term trend for Carvana's capex?

Over 4 years (2021 to 2025), Carvana's capex has grown at a -28.3% compound annual growth rate (CAGR), from $557M to $147M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Carvana CVNA CapEx

CapEx at other companies

AutoNationAN

$56.4M-25.0%

Credit AcceptanceCACC

$1.3M+333%

CopartCPRT

$80.89M-36.8%

Penske Automotive GroupPAG

$62.6M-26.1%

LAD

Lithia MotorsLAD

$97.1M+41.3%

CarMaxKMX

$103.34M-24.4%

Segments

By product

See full

Wholesale sales and revenues$4M+33.3%

Other financials

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%

EPS (diluted)$2.11—

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%

Free cash flow$56.0M-72.7%

Valuation

See full

Market cap$47.42B+9.8%

Enterprise value$50.59B+6.5%

P/E32.9×-75.6×

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×

Where this comes from

Reported directly by Carvana in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Carvana’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carvana's capex?: Carvana (CVNA) reported capex of $51M in Q1 2026.
How has Carvana's capex changed year-over-year?: Carvana's capex increased by 88.9% year-over-year, from $27M to $51M.
What is the long-term trend for Carvana's capex?: Over 4 years (2021 to 2025), Carvana's capex has grown at a -28.3% compound annual growth rate (CAGR), from $557M to $147M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.