CVNA Chart
About

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. The company also operates auction sites. Carvana Co. was founded in 2012 and is based in Tempe, Arizona.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Auto & Truck Dealerships Market Cap 71.26B
Enterprise Value 49.96B Income 1.41B Sales 20.32B
Book/sh 24.19 Cash/sh 19.71 Dividend Yield —
Payout 0.00% Employees 23100 IPO —
P/E 38.48 Forward P/E 30.52 PEG —
P/S 3.51 P/B 13.44 P/C —
EV/EBITDA 23.14 EV/Sales 2.46 Quick Ratio 2.02
Current Ratio 4.31 Debt/Eq 133.12 LT Debt/Eq —
EPS (ttm) 8.45 EPS next Y 10.65 EPS Growth 9.47%
Revenue Growth 58.00% Earnings 2026-05-06 ROA 10.86%
ROE 67.95% ROIC — Gross Margin 20.63%
Oper. Margin 7.57% Profit Margin 6.92% Shs Outstand 116.95M
Shs Float 140.04M Short Float 11.97% Short Ratio 3.94
Short Interest — 52W High 486.89 52W Low 148.25
Beta 3.57 Avg Volume 4.74M Volume 3.14M
Target Price $428.50 Recom Buy Prev Close $325.10
Price $325.16 Change 0.02%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$428.50
Mean price target
2. Current target
$325.16
Latest analyst target
3. DCF / Fair value
$38.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$325.16
Low
$300.00
High
$519.00
Mean
$428.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Citigroup Buy → Buy $465
2026-02-20 main Barclays Overweight → Overweight $450
2026-02-19 main DA Davidson Neutral → Neutral $320
2026-02-19 main JP Morgan Overweight → Overweight $490
2026-02-19 main RBC Capital Outperform → Outperform $440
2026-02-19 main Evercore ISI Group In-Line → In-Line $390
2026-02-19 main Wells Fargo Overweight → Overweight $425
2026-02-19 reit Stephens & Co. Overweight → Overweight $519
2026-02-19 main Deutsche Bank Buy → Buy $519
2026-02-19 main B of A Securities Buy → Buy $400
2026-02-19 reit Needham Buy → Buy $500
2026-02-19 main BTIG Buy → Buy $455
2026-01-28 main JP Morgan Overweight → Overweight $510
2026-01-27 main Wells Fargo Overweight → Overweight $525
2026-01-21 main Barclays Overweight → Overweight $530
2026-01-15 main BTIG Buy → Buy $535
2026-01-14 main UBS Buy → Buy $545
2026-01-13 main B of A Securities Buy → Buy $515
2025-12-23 main Evercore ISI Group In-Line → In-Line $425
2025-12-19 main Wedbush Outperform → Outperform $500
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1047 417271.0 — Sale at price 398.54 per share. TAIRA THOMAS Officer — 2026-02-09 00:00:00 D
1 10000 4112740.0 — Sale at price 394.05 - 418.02 per share. HUSTON BENJAMIN EDWARD Chief Operating Officer — 2026-02-02 00:00:00 D
2 10000 100700.0 — Conversion of Exercise of derivative security at price 10.07 per share. HUSTON BENJAMIN EDWARD Chief Operating Officer — 2026-02-02 00:00:00 D
3 1000 393040.0 — Sale at price 393.04 per share. PALMER STEPHEN R Officer — 2026-02-02 00:00:00 D
4 12750 5229877.0 — Sale at price 393.05 - 418.87 per share. JENKINS MARK W Chief Financial Officer — 2026-02-02 00:00:00 D
5 12750 223738.0 — Conversion of Exercise of derivative security at price 10.07 - 51.97 per share. JENKINS MARK W Chief Financial Officer — 2026-02-02 00:00:00 D
6 1174 524778.0 — Sale at price 447.00 per share. TAIRA THOMAS Officer — 2026-01-08 00:00:00 D
7 10000 4019361.0 — Sale at price 391.75 - 419.60 per share. HUSTON BENJAMIN EDWARD Chief Operating Officer — 2026-01-02 00:00:00 D
8 10000 100700.0 — Conversion of Exercise of derivative security at price 10.07 per share. HUSTON BENJAMIN EDWARD Chief Operating Officer — 2026-01-02 00:00:00 D
9 1000 419480.0 — Sale at price 419.48 per share. PALMER STEPHEN R Officer — 2026-01-02 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-2.52M125.55M-177.87M0.00
TaxRateForCalcs0.210.140.210.27
NormalizedEBITDA1.37B281.00M-1.30B-5.00M
TotalUnusualItems-12.00M878.00M-847.00M0.00
TotalUnusualItemsExcludingGoodwill-12.00M878.00M-847.00M0.00
NetIncomeFromContinuingOperationNetMinorityInterest210.00M450.00M-1.59B-135.00M
ReconciledDepreciation305.00M352.00M261.00M105.00M
ReconciledCostOfRevenue10.80B9.05B12.36B10.88B
EBITDA1.36B1.16B-2.15B-5.00M
EBIT1.05B807.00M-2.41B-110.00M
NetInterestIncome-651.00M-632.00M-486.00M-176.00M
InterestExpense651.00M632.00M486.00M176.00M
NormalizedIncome219.48M-302.45M-917.87M-135.00M
NetIncomeFromContinuingAndDiscontinuedOperation210.00M450.00M-1.59B-135.00M
TotalExpenses12.68B10.85B15.11B12.92B
RentExpenseSupplemental68.00M71.00M93.00M70.00M
TotalOperatingIncomeAsReported990.00M-80.00M-2.35B
DilutedAverageShares132.21M200.58M100.83M82.81M
BasicAverageShares122.34M109.32M100.83M82.81M
DilutedEPS1.590.75-15.74-1.63
BasicEPS1.724.12-15.74-1.63
DilutedNIAvailtoComStockholders210.00M150.00M-1.59B-135.00M
AverageDilutionEarnings0.00-300.00M0.00
NetIncomeCommonStockholders210.00M450.00M-1.59B-135.00M
NetIncome210.00M450.00M-1.59B-135.00M
MinorityInterests-194.00M300.00M1.31B152.00M
NetIncomeIncludingNoncontrollingInterests404.00M150.00M-2.89B-287.00M
NetIncomeContinuousOperations404.00M150.00M-2.89B-287.00M
TaxProvision-4.00M25.00M1.00M1.00M
PretaxIncome400.00M175.00M-2.89B-286.00M
OtherIncomeExpense61.00M887.00M-903.00M-6.00M
OtherNonOperatingIncomeExpenses73.00M9.00M-56.00M-6.00M
SpecialIncomeCharges-12.00M878.00M-847.00M0.00
OtherSpecialCharges12.00M-878.00M
ImpairmentOfCapitalAssets0.000.00847.00M0.00
NetNonOperatingInterestIncomeExpense-651.00M-632.00M-486.00M-176.00M
InterestExpenseNonOperating651.00M632.00M486.00M176.00M
OperatingIncome990.00M-80.00M-1.50B-104.00M
OperatingExpense1.89B1.80B2.75B2.03B
OtherOperatingExpenses12.00M8.00M14.00M
SellingGeneralAndAdministration1.87B1.80B2.74B2.03B
SellingAndMarketingExpense229.00M228.00M490.00M479.00M
GeneralAndAdministrativeExpense1.65B1.57B2.25B1.55B
OtherGandA877.00M836.00M1.21B817.00M
RentAndLandingFees68.00M71.00M93.00M70.00M
SalariesAndWages700.00M661.00M943.00M667.00M
GrossProfit2.88B1.72B1.25B1.93B
CostOfRevenue10.80B9.05B12.36B10.88B
TotalRevenue13.67B10.77B13.60B12.81B
OperatingRevenue12.52B10.02B12.86B11.77B
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber133.27M114.24M106.04M89.93M
ShareIssued133.27M114.24M106.04M89.93M
NetDebt3.92B5.74B7.88B5.01B
TotalDebt6.05B6.71B8.82B5.77B
TangibleBookValue1.23B191.00M-588.00M293.00M
InvestedCapital6.89B6.52B7.79B5.72B
WorkingCapital3.53B1.78B2.00B2.00B
NetTangibleAssets1.23B191.00M-588.00M293.00M
CapitalLeaseObligations414.00M433.00M507.00M361.00M
CommonStockEquity1.26B243.00M-518.00M306.00M
TotalCapitalization6.52B5.66B6.06B3.51B
TotalEquityGrossMinorityInterest1.38B-384.00M-1.05B525.00M
MinorityInterest115.00M-627.00M-535.00M219.00M
StockholdersEquity1.26B243.00M-518.00M306.00M
RetainedEarnings-1.42B-1.63B-2.08B-489.00M
AdditionalPaidInCapital2.68B1.87B1.56B795.00M
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest7.11B7.46B9.75B6.49B
TotalNonCurrentLiabilitiesNetMinorityInterest5.77B5.92B7.16B3.60B
OtherNonCurrentLiabilities101.00M70.00M78.00M31.00M
LongTermDebtAndCapitalLeaseObligation5.67B5.85B7.08B3.57B
LongTermCapitalLeaseObligation414.00M433.00M507.00M361.00M
LongTermDebt5.26B5.42B6.57B3.21B
CurrentLiabilities1.34B1.54B2.59B2.89B
OtherCurrentLiabilities106.00M83.00M80.00M29.00M
CurrentDeferredLiabilities63.00M30.00M23.00M34.00M
CurrentDeferredRevenue63.00M30.00M23.00M34.00M
CurrentDebtAndCapitalLeaseObligation376.00M857.00M1.74B2.21B
CurrentDebt376.00M857.00M1.74B2.21B
OtherCurrentBorrowings309.00M189.00M201.00M152.00M
LineOfCredit67.00M668.00M1.53B2.05B
PensionandOtherPostRetirementBenefitPlansCurrent92.00M41.00M65.00M45.00M
CurrentProvisions75.00M57.00M60.00M44.00M
PayablesAndAccruedExpenses626.00M468.00M629.00M533.00M
CurrentAccruedExpenses303.00M157.00M321.00M290.00M
InterestPayable96.00M7.00M99.00M42.00M
Payables323.00M311.00M308.00M243.00M
DuetoRelatedPartiesCurrent7.00M16.00M27.00M
TotalTaxPayable87.00M80.00M76.00M102.00M
IncomeTaxPayable0.003.00M0.00
AccountsPayable236.00M231.00M216.00M114.00M
TotalAssets8.48B7.07B8.70B7.01B
TotalNonCurrentAssets3.62B3.75B4.10B2.12B
OtherNonCurrentAssets368.00M261.00M254.00M181.00M
GoodwillAndOtherIntangibleAssets34.00M52.00M70.00M13.00M
OtherIntangibleAssets34.00M52.00M70.00M4.00M
Goodwill0.009.00M
NetPPE3.21B3.44B3.78B1.93B
AccumulatedDepreciation-994.00M-775.00M-564.00M-294.00M
GrossPPE4.21B4.21B4.34B2.22B
ConstructionInProgress59.00M72.00M134.00M295.00M
OtherProperties440.00M455.00M536.00M369.00M
MachineryFurnitureEquipment993.00M1.01B1.08B613.00M
BuildingsAndImprovements1.38B1.34B1.27B643.00M
LandAndImprovements1.33B1.33B1.33B303.00M
Properties0.000.000.000.00
CurrentAssets4.87B3.32B4.59B4.89B
OtherCurrentAssets122.00M138.00M182.00M545.00M
AssetsHeldForSaleCurrent612.00M807.00M1.33B356.00M
RestrictedCash44.00M64.00M194.00M233.00M
Inventory1.61B1.15B1.88B3.15B
FinishedGoods1.61B1.15B1.88B3.15B
Receivables303.00M266.00M253.00M206.00M
AccountsReceivable303.00M266.00M253.00M206.00M
AllowanceForDoubtfulAccountsReceivable-9.00M-9.00M-12.00M-20.00M
GrossAccountsReceivable312.00M275.00M265.00M226.00M
CashCashEquivalentsAndShortTermInvestments2.18B896.00M755.00M403.00M
OtherShortTermInvestments464.00M366.00M321.00M
CashAndCashEquivalents1.72B530.00M434.00M403.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow827.00M716.00M-1.84B-3.15B
RepaymentOfDebt-4.27B-8.08B-13.67B-12.66B
IssuanceOfDebt3.29B6.84B16.42B16.25B
IssuanceOfCapitalStock1.26B453.00M1.23B0.00
CapitalExpenditure-91.00M-87.00M-512.00M-557.00M
InterestPaidSupplementalData115.00M538.00M423.00M152.00M
IncomeTaxPaidSupplementalData5.00M28.00M3.00M2.00M
EndCashPosition1.76B594.00M628.00M636.00M
BeginningCashPosition594.00M628.00M636.00M329.00M
ChangesInCash1.17B-34.00M-8.00M307.00M
FinancingCashFlow261.00M-868.00M3.90B3.53B
CashFlowFromContinuingFinancingActivities261.00M-868.00M3.90B3.53B
NetOtherFinancingCharges-23.00M-84.00M-83.00M-64.00M
ProceedsFromStockOptionExercised7.00M0.004.00M2.00M
NetCommonStockIssuance1.26B453.00M1.23B0.00
CommonStockIssuance1.26B453.00M1.23B0.00
NetIssuancePaymentsOfDebt-987.00M-1.24B2.75B3.59B
NetShortTermDebtIssuance-601.00M-866.00M-519.00M2.01B
ShortTermDebtPayments-3.70B-7.58B-13.50B-12.59B
ShortTermDebtIssuance3.10B6.71B12.98B14.60B
NetLongTermDebtIssuance-386.00M-371.00M3.27B1.58B
LongTermDebtPayments-577.00M-503.00M-165.00M-73.00M
LongTermDebtIssuance191.00M132.00M3.44B1.65B
InvestingCashFlow-13.00M31.00M-2.58B-627.00M
CashFlowFromContinuingInvestingActivities-13.00M31.00M-2.58B-627.00M
NetOtherInvestingChanges67.00M53.00M81.00M56.00M
NetInvestmentPurchaseAndSale0.000.00-126.00M
PurchaseOfInvestment0.000.00-126.00M
NetBusinessPurchaseAndSale0.00-7.00M-2.20B0.00
PurchaseOfBusiness0.00-7.00M-2.20B0.00
NetPPEPurchaseAndSale-80.00M-15.00M-468.00M-557.00M
SaleOfPPE11.00M72.00M44.00M0.00
PurchaseOfPPE-91.00M-87.00M-512.00M-557.00M
OperatingCashFlow918.00M803.00M-1.32B-2.59B
CashFlowFromContinuingOperatingActivities918.00M803.00M-1.32B-2.59B
ChangeInWorkingCapital-177.00M564.00M1.39B-2.08B
ChangeInOtherCurrentLiabilities35.00M-79.00M2.00M223.00M
ChangeInOtherCurrentAssets30.00M120.00M-62.00M-318.00M
ChangeInPayablesAndAccruedExpense260.00M-166.00M-46.00M247.00M
ChangeInInventory-455.00M711.00M1.35B-2.09B
ChangeInReceivables-47.00M-22.00M145.00M-148.00M
ChangesInAccountReceivables-47.00M-22.00M145.00M-148.00M
OtherNonCashItems359.00M499.00M-1.12B-422.00M
StockBasedCompensation91.00M73.00M69.00M39.00M
UnrealizedGainLossOnInvestmentSecurities-6.00M-7.00M
ProvisionandWriteOffofAssets27.00M38.00M23.00M28.00M
AssetImpairmentCharge0.000.00847.00M0.00
DepreciationAmortizationDepletion305.00M352.00M261.00M105.00M
DepreciationAndAmortization305.00M352.00M261.00M105.00M
OperatingGainsLosses-91.00M-873.00M94.00M25.00M
GainLossOnInvestmentSecurities-115.00M-3.00M80.00M24.00M
GainLossOnSaleOfPPE12.00M8.00M14.00M1.00M
NetIncomeFromContinuingOperations404.00M150.00M-2.89B-287.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CVNA
Date User Asset Broker Type Position Size Entry Price Patterns