SuperworthCarvana CVNA
- Market cap
- $63.6B
- PE
- 43.3×
- 3y median 58.0×
- Forward PE
- 29.8×
- 9y median 54.2×
- Price to sales
- 2.5×
- EV/EBIT
- 29.8×
- Revenue, 12 months
- $25.1B
- +54% on a year ago
- Net margin
- 6.3%
- Free cash flow yield
- 1.5%
Carvana trades at 43.3× trailing earnings, cheaper than 71% of the last ten years. Revenue was $25.1B over the last twelve months, up 54% on a year earlier with a 6% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.8B−18% | $2.4B−15% | $3.1B+18% | $3.4B+15% | $3.7B+32% | $3.5B+46% | $4.2B+38% | $4.8B+42% | $5.6B+55% | $5.6B+58% | $6.4B+52% | $7.4B+52% | |
| Cost of revenue | $2.3B−24% | $2B−24% | $2.5B+9% | $2.7B+9% | $2.8B+24% | $2.8B+38% | $3.3B+34% | $3.8B+40% | $4.5B+58% | $4.6B+64% | $5.2B+56% | $6B+59% |
| Gross profit | $482M+34% | $402M+108% | $591M+73% | $715M+43% | $807M+67% | $763M+90% | $929M+57% | $1.1B+49% | $1.1B+42% | $1.1B+38% | $1.3B+37% | $1.4B+30% |
| SG&A | $433M−34% | $439M−31% | $456M−3% | $455M+1% | $469M+8% | $494M+13% | $535M+17% | $551M+21% | $595M+27% | $627M+27% | $690M+29% | $704M+28% |
| $48M | −$38M−97% | $134M | $259M+517% | $337M+602% | $260M | $394M+194% | $511M+97% | $552M+64% | $424M+63% | $581M+48% | $680M+33% | |
| Interest expense | $153M+0% | $165M+8% | $173M+9% | $173M+12% | $157M+3% | $148M−10% | $139M−20% | $143M−17% | $125M−20% | $98M−34% | $99M−29% | $101M−29% |
| Pre-tax income | $770M | −$202M−86% | $48M | $49M | $147M−81% | $156M | $375M+681% | $308M+529% | $259M+76% | −$1.8B | $441M+18% | $579M+88% |
| $29M | −$2M | −$1M−50% | $1M | −$1M | −$3M+50% | $2M | $0 | −$4M+300% | −$2.8B+92667% | $36M+1700% | $66M | |
| Net income | $782M | −$114M−86% | $28M | $18M | $85M−89% | $79M | $216M+671% | $183M+917% | $151M+78% | $857M+985% | $250M+16% | $310M+69% |
| $0.72 | −$0.20−87% | $0.05 | $0.03 | $0.13−82% | $0.11 | $0.30+557% | $0.26+829% | $0.21+61% | $0.37+230% | $0.34+12% | $0.42+62% | |
| 1B+95% | 570.8M+8% | 1.1B+100% | 642.3M+21% | 667.8M−35% | 705M+24% | 712.9M−33% | 716.2M+12% | 731.4M+10% | 2.3B+228% | 740.4M+4% | 740M+3% |
Revenue: Q1 FY16: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY16: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY16: 6 months less the 3 months printed beside them.
SG&A: Q1 FY16: 6 months less the 3 months printed beside them.
Operating income: Q1 FY16: 6 months less the 3 months printed beside them. 27 periods, Q2 FY16 to Q4 FY22: not printed by the filing, worked out from its own lines.
Interest expense: Q1 FY16: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY16: 6 months less the 3 months printed beside them.
Income tax: Q1 FY16: 6 months less the 3 months printed beside them.
Net income: Q1 FY16: 6 months less the 3 months printed beside them.
EPS, diluted: 11 periods, Q1 FY16 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q1 FY16: share-days: the 6-month average less the second quarter's. 8 periods, Q4 FY16 to Q4 FY23: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY24 and Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $7.7B | $7.3B to $8.3B | $0.44 | $0.37 to $0.58 | 8 |
| Q4 FY26 | $7.6B | $7.1B to $8.1B | $0.37 | $0.34 to $0.39 | 7 |
| Q1 FY27 | $8.4B | $7.9B to $9B | $0.51 | $0.47 to $0.56 | 2 |
| Q2 FY27 | $9.3B | $8.7B to $9.9B | $0.61 | $0.57 to $0.67 | 2 |
| Q3 FY27 | $9.7B | $9.2B to $10.4B | $0.65 | $0.60 to $0.71 | 2 |
| Q4 FY27 | $9.6B | $9.1B to $10.3B | $0.56 | $0.52 to $0.61 | 5 |
| Q1 FY28 | $9.5B | $8.9B to $10.1B | $0.62 | $0.58 to $0.68 | 6 |
| Q2 FY28 | $9.8B | $9.3B to $10.5B | $0.73 | $0.68 to $0.80 | 5 |
Peers
Companies in Auto - Dealerships nearest Carvana's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CVNACarvana | $63.6B | 43.3× | 58.0× | 29.8× | 2.5× | +54% | 6.3% |
| PAGPenske Automotive | $13.9B | 15.4× | 9.7× | n/m | 0.4× | +1% | 2.8% |
| RRyder System | $10.4B | 22.1× | 13.0× | n/m | 0.8× | +1% | 3.9% |
| MUSAMurphy USA | $9.8B | 16.3× | 14.9× | n/m | 0.5× | +10% | 2.9% |
| KMXCarmax | $7.3B | 25.1× | 19.4× | n/m | 0.3× | +5% | 1.1% |
| LADLithia Motors | $6.5B | 9.8× | 9.9× | n/m | 0.2× | +2% | 1.9% |
| Peer median | $9.8B | 16.3× | 13.0× | n/a | 0.4× | +2% | 2.8% |
Investors who own it
Investors we follow who held Carvana at the end of Jun 30, 2026, from their 13F filings.
- Henry EllenbogenDurable Capital Partners4.3% of portfolioadded
- Stephen MandelLone Pine Capital4.2% of portfolioadded
- Andreas HalvorsenViking Global Investors2.3% of portfolioadded
- Lee AinslieMaverick Capital1.6% of portfolioadded
- Dan SundheimD1 Capital Partners0.7% of portfolioadded
- Philippe LaffontCoatue Management0.4% of portfolioadded
- Stanley DruckenmillerDuquesne Family Office0.2% of portfolionew
- Polen CapitalPolen Capital0.0% of portfolioadded
More on Carvana
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #7of 332Consumer cyclical stocks with the fastest revenue growth
- #2of 39Consumer cyclical stocks with the fastest expected revenue growth
- #1of 11Car dealers with the fastest earnings growth
- #2of 21Car dealers with the fastest revenue growth
- #3of 22Car dealers with the highest profit margins
- #4of 27Consumer cyclical stocks with the lowest PEG ratio
- #9of 10Car dealers with the highest free cash flow yield
Its groups
About
- Industry
- Auto - Dealerships
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .