Carvana price to free cash flow CVNA

Market value divided by free cash flow over the last twelve months, since 2023.

Today, Oct 23, 2026: 68.5×
3-year median: 75.0×
Against its 3-year history: 42nd; percentile: 0 is its lowest day, 100 its highest
3-year range: 19.5× to 189×
Peer median: 16.6×

Carvana's price to free cash flow is 68.5× as of Oct 23, 2026.

That is below its 3-year median of 75.0×, close to the middle of its last 3 years.

Over that time it ranged from 19.5× in Feb 2024 to 189× in Jan 2026.

The median for 5 car dealers of a similar size is 16.6×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	68.5×	68.5×	189×
2025	175×	41.9×	182×
2024	83.6×	19.5×	101×
2023	61.1×	33.7×	63.2×

Against its peers

Companies in Auto - Dealerships nearest Carvana's size, closest first, today.

Company	Price to free cash flow
CVNACarvana	68.5×
PAGPenske Automotive	n/m
RRyder System	15.1×
MUSAMurphy USA	18.1×
KMXCarmax	n/m
LADLithia Motors	n/m
Peer median	16.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Carvana

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.