Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues.
It is a $45.9B consumer company. Revenue grew 54.0% over the last year, it keeps 6¢ of every dollar of sales as profit, and its net debt equals ~2.7 years of free cash flow. It trades at 44.7× earnings.
- Website
- carvana.com
- Location
- Tempe, AZ
- Employees
- 23 100
- Sector
- Consumer Cyclical
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Health, Quality and Moat lag behind.
Valuation55
- P/E vs own history14th pct · 25/25
- FCF yield2.0% · 5/25
- P/S2.8x · 20/25
- EV/EBITDA30.5x · 5/25
Growth32
- Revenue CAGR12.2% · 20/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth13.5% · 12/25
Profitability70
- ROIC23.7% · 20/25
- ROE46.6% · 25/25
- Net margin6.3% · 13/25
- Operating margin8.9% · 12/25
Health37
- Altman Zn/a · 0/25
- Current ratio3.93 · 25/25
- Interest coverage-0.8x · 0/25
- Net cash / debtD/A 19% · 12/25
Quality48
- Piotroski F6/9 · 15/25
- Beneish M-1.75 · 6/25
- FCF conversion59% · 15/25
- Margin stabilityσ 9.2% · 12/25
Moat0
- ROIC >12% years2/8 yrs · 0/25
- Median gross margin14.2% · 0/25
- FCF-positive years3/9 yrs · 0/25
- Worst-year net marginworst -11.7% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.41B net income
- FY2023FinancialTurned profitable$450M net income after a loss year
- 2023ProductCarvana introduced same-day delivery for customers purchasing or selling a vehicle, the service is…
- 2022AcquisitionCarvana acquired ADESA, the nation’s second-largest wholesale auto auction chain, for $2.2 billion to…
- FY2021FinancialRevenue crossed $10B$12.8B for the year
- FY2018FinancialRevenue crossed $1B$1.96B for the year
- 2017IPOThe company went public and began trading on the New York Stock Exchange under the symbol CVNA
- 2017AcquisitionAlso in the same year Carvana acquired rival automotive startup Calypso and in this same year Carvana's co-founders…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 54.0% year over year
- High returns on invested capital (ROIC 23.7%)
Watch-outs
- Thin interest coverage (-0.8×)
- Loss-making in 6 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+54.0% YoY
- Profitable — makes more than it spends$1.57B TTM
- Profit growing — earnings are higher than last year+570.0% YoY
- Generates cash — cash left after running and investing$929M TTM
- Debt under control — could handle its obligations~2.7y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$45.9B market cap
- Not printing shares — share count not ballooning — you keep your slice+35.4% shares over ~5y
- Proven track record — years of profitability behind it3/9 profitable years
- Financially stable — balance sheet not near distresshealth score 25/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 44.7
Peer comparisonCarvana Co. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CVNA this company | $45.9B | 44.7 | +54.0% | 6.3% | Strained |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: CVNA vs AMZN · CVNA vs TSLA · CVNA vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2017–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CVNA
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CVNA on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $63.73 · market cap $45.9B.