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Carvana CVNA Price / sales

Price / sales at other companies

Copart logo
CopartCPRT
6.9×-6.2×
Rivian Automotive, Inc. logo
Rivian Automotive, Inc.RIVN
3.4×+0.6×
Ford Motor Company logo
Ford Motor CompanyF
0.2×0.0×
Casey's General Stores logo
Casey's General StoresCASY
1.3×+0.3×
S&P Global logo
S&P GlobalSPGI
8.1×-2.7×
Caterpillar logo
CaterpillarCAT
4.7×+2.2×

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%

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$47.68B+60.0%
Enterprise value$50.85B+48.6%
P/E33.1×-41.8×

Profitability

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

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

Calculated from Carvana’s reported figures.

Based on the most recent quarter.

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 price / sales?
Carvana (CVNA) reported price / sales of 2× in Q1 2026.
How has Carvana's price / sales changed year-over-year?
Carvana's price / sales increased by 5.5% year-over-year, from 1.9× to 2×.
What is the long-term trend for Carvana's price / sales?
Over 4 years (2021 to 2025), Carvana's price / sales has grown at a 0.5% compound annual growth rate (CAGR), from 10.1× to 10.4×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.