SuperworthCarvana shares outstanding CVNA
Diluted shares outstanding, averaged over each quarter, from 2016.
- Latest quarter, to Jun 30, 2026
- 740M
- On a year earlier
- +3.3%
- more shares
Carvana had 740M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 3.3% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 2.3B | +228% |
| FY2024 | 705M | +24% |
| FY2023 | 570.8M | +8% |
| FY2022 | 529.3M | +22% |
| FY2021 | 434.5M | +19% |
| FY2020 | 365.7M | +46% |
| FY2019 | 250.9M | +28% |
| FY2018 | 196.4M | +147% |
| FY2017 | 79.4M | +6% |
| FY2016 | 75M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 740M | +3% | |
| Q1 FY26 | 740.4M | +4% | |
| Q4 FY25 | 2.3B | +228% | |
| Q3 FY25 | 731.4M | +10% | |
| Q2 FY25 | 716.2M | +11% | |
| Q1 FY25 | 712.9M | −33% | |
| Q4 FY24 | 705M | +24% | |
| Q3 FY24 | 667.8M | −35% | |
| Q2 FY24 | 642.3M | +21% | |
| Q1 FY24 | 1.1B | +100% | |
| Q4 FY23 | 570.8M | +8% | |
| Q3 FY23 | 1B | +95% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Carvana
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.