What is Carvana's total cost of revenue?

Carvana (CVNA) reported total cost of revenue of $5.16B in Q1 2026.

How has Carvana's total cost of revenue changed year-over-year?

Carvana's total cost of revenue increased by 56.3% year-over-year, from $3.3B to $5.16B.

What is the long-term trend for Carvana's total cost of revenue?

Over 4 years (2021 to 2025), Carvana's total cost of revenue has grown at a 10.3% compound annual growth rate (CAGR), from $10.89B to $16.13B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Carvana CVNA Total Cost of Revenue

Total Cost of Revenue at other companies

AutoNationAN

$5.34B-2.4%

Penske Automotive GroupPAG

$6.56B-1.0%

LAD

Lithia MotorsLAD

$7.85B+1.1%

CarMaxKMX

$7.16B+7.6%

CarGurus, Inc.CARG

$18.93M+32.0%

Group 1 AutomotiveGPI

$4.53B-1.8%

Segments

By segment

See full

Reportable Segment$5.16B+56.3%

Other financials

Income statement

See full

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

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

Reported directly by Carvana in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 total cost of revenue?: Carvana (CVNA) reported total cost of revenue of $5.16B in Q1 2026.
How has Carvana's total cost of revenue changed year-over-year?: Carvana's total cost of revenue increased by 56.3% year-over-year, from $3.3B to $5.16B.
What is the long-term trend for Carvana's total cost of revenue?: Over 4 years (2021 to 2025), Carvana's total cost of revenue has grown at a 10.3% compound annual growth rate (CAGR), from $10.89B to $16.13B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.