What is Carvana's retained earnings?

Carvana (CVNA) reported retained earnings of $241M in Q1 2026.

How has Carvana's retained earnings changed year-over-year?

Carvana's retained earnings increased by 120.1% year-over-year, from -$1.2B to $241M.

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

Over 5 years (2020 to 2025), Carvana's retained earnings has grown at a -52.0% compound annual growth rate (CAGR), from -$354M to -$9M.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Carvana CVNA Retained Earnings

Retained Earnings at other companies

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$6.17B+12.1%

Credit AcceptanceCACC

$1.08B-20.2%

CopartCPRT

$7.65B-0.6%

Penske Automotive GroupPAG

$5.87B+3.0%

LAD

Lithia MotorsLAD

$6.34B+6.6%

CarMaxKMX

$4.23B-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%

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+12.6%

Enterprise value$51.82B+9.1%

P/E33.8×-74.8×

P/S2.2×-0.8×

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

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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Carvana (CVNA) reported retained earnings of $241M in Q1 2026.
How has Carvana's retained earnings changed year-over-year?: Carvana's retained earnings increased by 120.1% year-over-year, from -$1.2B to $241M.
What is the long-term trend for Carvana's retained earnings?: Over 5 years (2020 to 2025), Carvana's retained earnings has grown at a -52.0% compound annual growth rate (CAGR), from -$354M to -$9M.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.