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Carvana Co.

CVNA NYSE Categories PDF
Consumer Cyclical · Auto - Dealerships · United States · Updated May 11, 12:49pm
$77.35
Price
$83.8B
Market Cap
23,100
Employees
3.55
Beta
Ernest C. Garcia
CEO
Business Description

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company offers 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. It also operates auction sites. Carvana Co. was founded in 2012 and is based in Tempe, Arizona.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$77.35
-0.59 (-0.76%)
Day Range
$77.22 – $78.38
52-Week Range
$53.44 – $97.38
50-Day MA
$68.68
200-Day MA
$73.84
Volume
3,587,370.00
Analyst Price Targets
Low $97.00
Consensus $456.46
High $600.00
(108 analysts)
Share Structure
Outstanding 1,084,017,240.00
Float 989,859,500.00
Free Float 91.3%
High free float — 91.3% of shares trade freely, ~8.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
34.59
Stock Price: $77.35
EPS (Diluted): 10.22
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
16.88
Stock Price: $77.35
Total Equity: $3.44B
Shares: 1,121,385,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-1,745.95
Market Cap: $83.85B
Total Debt: $633.00M
Cash: $2.33B
EBITDA: -$110.00M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$89.1B
Market Cap: $83.85B
Total Debt: $633.00M
Cash: $2.33B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
20.6%
Gross Profit: $4.19B
Revenue: $20.32B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
9.3%
Operating Income: $1.88B
Revenue: $20.32B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
6.9%
Net Income: $1.41B
Revenue: $20.32B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
57.2%
Net Income: $1.41B
Total Equity: $3.44B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-39.6%
Operating Income: $1.88B
Tax Rate: 312.9%
Equity: $3.44B
Total Debt: $633.00M
Cash: $2.33B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
4.31
Current Assets: $6.55B
Current Liabilities: $1.52B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.18
Short-Term Debt: $227.00M
Long-Term Debt: $406.00M
Total Debt: $633.00M
Total Equity: $3.44B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$18.12
Revenue: $20.32B
Shares: 1,121,385,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$3.07
Total Equity: $3.44B
Shares: 1,121,385,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.79
Operating CF: $1.04B
CapEx: -$147.00M
Shares: 1,121,385,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $77.35
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.41B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CVNA against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $12.8B $13.6B $10.8B $13.7B $20.3B
Cost of Revenue $11.0B $12.6B $9.0B $11.0B $16.1B
Gross Profit $1.8B $1.0B $1.7B $2.7B $4.2B
Operating Expenses $1.9B $2.5B $1.8B $1.7B $2.3B
Operating Income -$104.0M -$1.5B -$80.0M $1.0B $1.9B
Net Income -$135.0M -$1.6B $450.0M $210.0M $1.4B
EBITDA -$5.0M -$2.1B $1.2B $1.4B -$110.0M
EPS $-0.33 $-3.15 $0.82 $0.34 $10.22
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $403.0M $434.0M $530.0M $1.7B $2.3B
Total Current Assets $4.9B $4.6B $3.3B $4.9B $6.5B
Total Assets $7.0B $8.7B $7.1B $8.5B $13.2B
Current Liabilities $2.9B $2.6B $1.5B $1.3B $1.5B
Long-Term Debt $3.2B $6.6B $5.4B $5.3B $406.0M
Total Liabilities $6.5B $9.8B $7.5B $7.1B $9.0B
Total Equity $306.0M -$518.0M $243.0M $1.3B $3.4B
Retained Earnings -$489.0M -$2.1B -$1.6B -$1.4B -$9.0M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$2.6B -$1.3B $803.0M $918.0M $1.0B
Capital Expenditure -$557.0M -$512.0M -$87.0M -$91.0M -$147.0M
Free Cash Flow -$3.2B -$1.8B $716.0M $827.0M $889.0M
Acquisitions (net) -$56.0M -$2.2B -$7.0M $0 -$160.0M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$40.0M $0 $0 $0 $0
Net Change in Cash $307.0M -$8.0M -$34.0M $1.2B $669.0M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $34.9B
$29.3B – $38.2B
 $42.1B
$42.0B – $42.3B
 $48.8B
$42.9B – $52.7B
 $56.1B
$49.3B – $60.5B
EBITDA $301.4M
$253.4M – $330.5M
 $364.4M
$362.9M – $365.9M
 $422.3M
$370.9M – $455.7M
 $485.1M
$426.0M – $523.5M
Net Income $2.3B
$1.7B – $2.9B
 $2.9B
$2.9B – $3.4B
 $3.0B
$2.5B – $3.3B
 $3.3B
$2.8B – $3.6B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +6.2% -20.8% +26.9% +48.6%
Gross Profit Growth -45.2% +72.2% +57.3% +54.6%
Operating Income Growth -1,332.7% +94.6% +1,352.5% +87.7%
Net Income Growth -1,075.6% +128.4% -53.3% +570.0%
EBITDA Growth -42,820.0% +154.0% +17.0% -108.1%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-01 KEETON RYAN S. F-InKind 577.00 $382.60 $220,760
2026-05-01 JENKINS MARK W. F-InKind 1,405.00 $382.60 $537,553
2026-05-01 GILL DANIEL J. F-InKind 1,542.00 $382.60 $589,969
2026-05-01 BREAUX PAUL W. F-InKind 892.00 $382.60 $341,279
2026-05-01 Palmer Stephen R F-InKind 651.00 $382.60 $249,073
2026-05-01 Taira Thomas F-InKind 791.00 $382.60 $302,637
2026-05-01 HUSTON BENJAMIN E. F-InKind 1,405.00 $382.60 $537,553
2026-05-01 GARCIA ERNEST C. III F-InKind 1,415.00 $382.60 $541,379
2026-04-29 GILL DANIEL J. A-Award 19,879.00 $0.00 $0
2026-04-29 GILL DANIEL J. F-InKind 10,095.00 $396.59 $4.0M
2026-04-29 Taira Thomas A-Award 14,099.00 $0.00 $0
2026-04-29 Taira Thomas F-InKind 5,830.00 $396.59 $2.3M
2026-05-01 JENKINS MARK W. M-Exempt 750.00 $51.97 $38,978
2026-05-01 JENKINS MARK W. S-Sale 440.00 $378.56 $166,566
2026-05-01 JENKINS MARK W. M-Exempt 2,000.00 $42.03 $84,060
2026-05-01 JENKINS MARK W. S-Sale 1,120.00 $379.53 $425,074
2026-05-01 JENKINS MARK W. M-Exempt 10,000.00 $10.07 $100,700
2026-05-01 JENKINS MARK W. S-Sale 1,200.00 $380.53 $456,636
2026-04-29 JENKINS MARK W. A-Award 22,231.00 $0.00 $0
2026-05-01 JENKINS MARK W. S-Sale 840.00 $381.36 $320,342
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27