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Carvana CVNA Business Segments — Gross Profit

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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$48.64B+60.0%
Enterprise value$51.82B+48.6%
P/E33.8×-42.6×
P/S2.2×+0.1×

Profitability

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

Returns & leverage

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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:GrossProfit.

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 business segments — gross profit?
Carvana (CVNA) reported business segments — gross profit of $1.27B in Q1 2026.
How has Carvana's business segments — gross profit changed year-over-year?
Carvana's business segments — gross profit increased by 36.8% year-over-year, from $929M to $1.27B.
What is the long-term trend for Carvana's business segments — gross profit?
Over 3 years (2022 to 2025), Carvana's business segments — gross profit has grown at a 49.8% compound annual growth rate (CAGR), from $1.25B to $4.19B.
What does business segments — gross profit mean?
Gross profit for the reportable segment is calculated as the segment's net sales minus its direct cost of sales. It serves as a primary indicator of the segment's core operational efficiency and pricing power before accounting for overhead or administrative expenses. This metric is critical for assessing the fundamental unit economics of the business segment.