What is Carvana's gross profit?

Carvana (CVNA) reported gross profit of $1.27B in Q1 2026.

How has Carvana's gross profit changed year-over-year?

Carvana's gross profit increased by 36.8% year-over-year, from $929M to $1.27B.

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

Over 4 years (2021 to 2025), Carvana's gross profit has grown at a 21.4% compound annual growth rate (CAGR), from $1.93B to $4.19B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Carvana CVNA Gross Profit

Gross Profit at other companies

AutoNationAN

$1.21B-0.7%

Penske Automotive GroupPAG

$1.3B-1.7%

LAD

Lithia MotorsLAD

$1.42B+0.8%

CarMaxKMX

$854.41M-4.4%

CarGurus, Inc.CARG

$224.62M+13.5%

Group 1 AutomotiveGPI

$877.9M-1.6%

Segments

By segment

See full

Reportable Segment$1.27B+36.8%

Other financials

Income statement

See full

Revenue$6.4B+52.0%

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%

CapEx$51.0M+88.9%

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

Calculated from Carvana’s reported figures.

$6.4Btotal revenue−$5.2Btotal cost of revenue=$1.27B

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 gross profit?: Carvana (CVNA) reported gross profit of $1.27B in Q1 2026.
How has Carvana's gross profit changed year-over-year?: Carvana's gross profit increased by 36.8% year-over-year, from $929M to $1.27B.
What is the long-term trend for Carvana's gross profit?: Over 4 years (2021 to 2025), Carvana's gross profit has grown at a 21.4% compound annual growth rate (CAGR), from $1.93B to $4.19B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.