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Carvana CVNA Business Segments — Logistics

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Other financials

Income statement

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Revenue$7.4B+52.4%
Gross profit$1.4B+30.1%
Operating income$680.0M+33.1%
Net income$310.0M+69.4%
EPS (diluted)$0.42+61.5%

Balance sheet

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Cash & equivalents$2.7B+42.1%
Total debt$5.8B-8.2%
Total equity$4.0B+133%
Total assets$14.6B+55.4%

Cash flow

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Operating cash flow$238.0M+721%
CapEx$51.0M+64.5%
Free cash flow$187.0M

Valuation

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Market cap$75.14B+53.3%
Enterprise value$78.15B+46.5%
P/E47.9×-39.1×
P/S0.0×

Profitability

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Gross margin19.4%-2.5pp
Operating margin8.9%-0.3pp
Net margin6.3%+2.8pp
FCF margin3.7%-0.1pp

Returns & leverage

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Return on equity54.5%+4.6pp
Debt / equity1.4×-2.2×
Current ratio3.9×-0.1×

Where this comes from

Reported directly by Carvana in its filing.

Tagged under the XBRL concept us-gaap:SellingExpense.

The source filing: Carvana’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001690820-26-000055
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Compensation and benefits237201482400
Advertising12184239156
Market occupancy18163732
Logistics543810275
Other (1)274212534423
Other operating expense, net22
Operating income6805111,261905
Interest expense, net101143200282

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Carvana's business segments — logistics?
Carvana (CVNA) reported business segments — logistics of $54M in Q2 2026.
How has Carvana's business segments — logistics changed year-over-year?
Carvana's business segments — logistics increased by 42.1% year-over-year, from $38M to $54M.
What is the long-term trend for Carvana's business segments — logistics?
Over 3 years (2022 to 2025), Carvana's business segments — logistics has grown at a -11.7% compound annual growth rate (CAGR), from $235M to $162M.
What does business segments — logistics mean?
Logistics costs encompass the expenses related to the transportation, handling, and delivery of products within the segment. For an e-commerce platform, this is a vital operational expense that directly impacts the customer experience and the bottom line. Efficient management of these costs is essential for maintaining competitive margins.

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