Carvana Co.

CVNA Consumer Cyclical Auto & Truck Dealerships

Carvana Co.’s revenue for fiscal 2025 (year ended December 2025) was $20.3 billion, up 48.6% from fiscal 2024.

Revenue
+42.4%
EPS
+210.2%
Free cash flow
+59.4%
Total debt
+0.48%

Quarter to September 2026, against a year earlier

72.34 5.22 −6.73%
Market cap
$79.5B
P/E
27.2×
Fwd P/E
41.2×
Dividend yield
—
F-score
6/9
Altman Z
6.34
Beneish M
−0.99
Dividend safety
n/a

Carvana Co. 10-Q filed Oct 28, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 4:11 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 29, 2026: 2 added · 3 removed · 42 modified; 17 with only figures updated

  1. Modified · Revenue and Gross Profit

    Other sales and revenues, which primarily includes gains on the sales of finance receivables we originate and sales commissions on complementary products such as VSCs, GAP waiver coverage, and auto insurance totaled $526594 million and $411474 million during the three months ended JuneSeptember 30, 2026 and 2025, respectively, and $1.11.6 billion and $800 million1.3 billion during the sixnine months ended JuneSeptember 30, 2026 and 2025, respectively. We generally expect other sales and revenues to trend proportionately with retail units sold. We also expect other sales and revenues to increase as we improve our ability to monetize loans we originate, including through securitization transactions, and sell and offer attractive financing solutions and complementary products to our customers, including products customarily sold by automotive retailers or insurance products customarily sold by traditional insurance companies, absent any material changes in macroeconomic conditions. Other sales and revenues are 100% gross margin products for which gross profit equals revenue.