What is Carvana's shares (basic)?

Carvana (CVNA) reported shares (basic) of 137.6M in Q4 2025.

How has Carvana's shares (basic) changed year-over-year?

Carvana's shares (basic) increased by 12.5% year-over-year, from 122.3M to 137.6M.

What does shares (basic) mean?

The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.

Carvana CVNA Shares (Basic)

Shares (Basic) at other companies

AutoNationAN

34.7M-11.0%

Credit AcceptanceCACC

10.7M-11.2%

CopartCPRT

936.3M-3.1%

Penske Automotive GroupPAG

65.8M-1.5%

LAD

Lithia MotorsLAD

23.4M-11.0%

CarMaxKMX

141.8M-6.8%

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$48.08B-0.4%

Enterprise value$51.25B-2.5%

P/E33.4×-52.3×

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:WeightedAverageNumberOfSharesOutstandingBasic.

The official record: Carvana’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carvana's shares (basic)?: Carvana (CVNA) reported shares (basic) of 137.6M in Q4 2025.
How has Carvana's shares (basic) changed year-over-year?: Carvana's shares (basic) increased by 12.5% year-over-year, from 122.3M to 137.6M.
What does shares (basic) mean?: The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.