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CARVANA CO. CVNA

NYSE · stock · Retail-Auto Dealers & Gasoline Stations · website · IPO 2017-04-28 · LEI

CARVANA CO. statistics & valuation

Market cap$68.4B
P / E48.6×
P / S3.4×
P / B16.3×
P / FCF76.9×
Net margin6.9%
Return on equity33.5%
FCF margin4.4%
Net debt$2.6B
Enterprise value USD$71.0B
Earnings yield EBIT/EV2.7%
Return on capital16.1%
Graham number -17.6%$59.69

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($59.69); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-25.50% -7.30% -2.80% -2.90% -3.10% -1.10% -11.70% 4.20% 1.50% 6.90% 2016201720182019202020212022202320242025
Gross margin (%)
5.30% 7.90% 10.10% 12.90% 14.20% 15.10% 9.20% 16.00% 21.00% 20.60% 2016201720182019202020212022202320242025
Operating margin (%)
-17.30% -0.70% 7.20% 9.30% 2016201720182019202020212022202320242025
Return on equity (%)
-22.50% -24.40% -59.90% -21.30% -25.70% 15.30% 33.50% 2016201720182019202020212022202320242025
Shares outstanding
0 46.8M 65.0M 82.8M 100.8M 200.6M 132.2M 224.3M 2016201720182019202020212022202320242025
Net debt ($)
-$34.8M $346.5M $807.1M $1.32B $2.81B $6.14B $4.89B $3.58B $2.59B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-27.70% -9.80% -5.60% -5.60% -5.60% -1.90% -18.20% 6.40% 2.50% 10.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-76.60% -32.40% -28.50% -25.10% -17.30% -24.60% -13.50% 6.60% 6.00% 4.40% 2016201720182019202020212022202320242025
Debt / equity (×)
1.87× 4.60× 2.02× 6.11× 3.85× 1.17× 2016201720182019202020212022202320242025
EPS ($)
-$2.45 -$2.63 -$1.63 -$15.74 $0.75 $1.59 $8.45 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin20.6%21.0%16.0%9.2%15.1%14.2%12.9%10.1%7.9%5.3%
Operating margin9.3%7.2%-0.7%-17.3%——————
Net margin6.9%1.5%4.2%-11.7%-1.1%-3.1%-2.9%-2.8%-7.3%-25.5%
FCF margin4.4%6.0%6.6%-13.5%-24.6%-17.3%-25.1%-28.5%-32.4%-76.6%
Return on assets10.7%2.5%6.4%-18.2%-1.9%-5.6%-5.6%-5.6%-9.8%-27.7%
Return on equity33.5%15.3%-117.2%150.7%-25.7%-21.3%-59.9%-24.4%-22.5%80.3%
Debt / equity1.17×3.85×-14.10×-6.24×6.11×2.02×4.60×1.87×—-0.04×
Current ratio4.313.642.161.771.694.121.572.011.601.40

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.