Carvana
CVNA NYSE· Automotive Retail
Last close · Oct 26, 2026
$56.61
KIRA · Stoqly’s AI analyst, in plain words
- Carvana had $20.3B of revenue in fiscal 2025, up 48.6% on the year before. Over five years, revenue changed +29.5% a year on average.
- Its operating margin was 9.3%, up 2.0 pts: of every 100 in sales, about 9 is left after running the business.
- Carvana made $1.4B of net profit in fiscal 2025.
- Free cash flow was $889M in fiscal 2025, 4.4% of revenue.
- Carvana returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 69.6%.
- Carvana owes $2.7B more than it holds in cash.
Market cap
$41.9B
P/E
—
Revenue
$20.3B
Net income
$1.4B
Free cash flow
$889M
Operating margin
9.3%
Carvana in 30 seconds · fiscal 2025
Are sales growing?
+48.6%
Yes. Sales grew 48.6% last year.
Does it make a profit?
6.9%
A little. It keeps 6.9% of every sale as profit.
Does profit turn into cash?
4.4%
Partly. 4.4% of sales ends up as free cash.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
What Carvana does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 18, 2026
- Legal name
- CARVANA CO.
- CIK
- 0001690820
Carvana · CVNA
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $12.8B | $13.6B | $10.8B | $13.7B | $20.3B |
| Revenue growth | 129.4% | 6.2% | −20.8% | 26.9% | 48.6% |
| Gross margin | 15.1% | 9.2% | 16.0% | 21.0% | 20.6% |
| Operating margin | — | −17.3% | −0.7% | 7.2% | 9.3% |
| Net income | −$135M | −$1.6B | $450M | $210M | $1.4B |
| Net margin | −1.1% | −11.7% | 4.2% | 1.5% | 6.9% |
| Diluted EPS | −$1.63 | −$15.74 | $0.75 | $1.59 | $8.45 |
| Cash | |||||
| Cash from operations | −$2.6B | −$1.3B | $803M | $918M | $1.0B |
| Capital expenditure | $557M | $512M | $87.0M | $91.0M | $147M |
| Free cash flow | −$3.2B | −$1.8B | $716M | $827M | $889M |
| FCF margin | −24.6% | −13.5% | 6.7% | 6.1% | 4.4% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 27.4% | 21.8% | 98.9% | −34.1% | 69.6% |
| Debt and strength | |||||
| Cash and short-term investments | $403M | $434M | $530M | $1.7B | $2.3B |
| Debt incl. finance leases | $2.9B | $6.9B | $5.4B | $5.5B | $5.1B |
| Shareholders' equity | $306M | −$518M | $243M | $1.3B | $3.4B |
| Current ratio | 1.7x | 1.8x | 2.2x | 3.6x | 4.3x |
| Interest coverage | 0.2x | −4.8x | −0.1x | 1.5x | 3.7x |
| Returns and quality | |||||
| Return on capital | 1.4% | −44.0% | −1.5% | 20.5% | 24.6% |
| Return on equity | −38.9% | — | — | 27.9% | 59.9% |
| Piotroski F-score | 3 | 2 | 7 | 7 | 6 |
| Altman Z'' | 1.8 | −1.2 | 0.8 | 3.2 | 4.0 |
Insiders bought, 12 months
$1.5M
1 insider
Insiders sold, 12 months
$274M
11 insiders
Of sales under plans
89%
$244M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Carvana · CVNA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Carvana CVNA | $41.9B | 48.6% | 9.3% | 4.4% | 24.6% | — | 6 |
| Murphy USA MUSA | $10.0B | −4.3% | 3.7% | 1.9% | 20.5% | 16.5x | 5 |
| AutoZone AZO | $53.9B | 2.4% | 19.1% | 9.5% | 58.2% | 21.9x | 6 |
| Group 1 Automotive GPI | $2.9B | 13.2% | 3.3% | 1.9% | 8.6% | 10.1x | 5 |
| Asbury Automotive Group ABG | $3.2B | 4.7% | 4.8% | — | 9.2% | 6.5x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $56.61 a share, the company is worth $41.9B.
Carvana grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001690820). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.