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. In the quarter to June 2026, revenue grew 52.4%, EPS grew 59.3%, free cash flow grew 9,550.0% and total debt fell 8.25%, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

58.55 2.07 −3.41%
Market cap
$66.7B
P/E
26.5×
Fwd P/E
42.4×
Dividend yield
—
F-score
6/9
Altman Z
6.34
Beneish M
−0.99
Dividend safety
n/a

Carvana Co. (CVNA) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Carvana Co. (CVNA) trades at a EV/EBITDA of 17.6×. Over the past ten years it has ranged from 0.0× (December 2023) to 4,751× (October 2021); the current reading is higher than 63% of that period. That is above the Auto & Truck Dealerships industry median of 8.6× and above the Consumer Cyclical sector median of 9.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 28.1× 27.83%
FY2024 21.9× (41.05%)
FY2023 37.2× —
FY2022 0.0× —
FY2021 1,998× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 19.7× (2.53%)
Mar 2026 20.2× (27.92%)
Dec 2025 28.1× 1.35%
Sep 2025 27.7× 0.80%
38 more quarters

Against its own ten years

Low 0.0× High 4,751×
Ten-year median 0.0×
Current reading's percentile 63

EV/EBITDA against peers

Company EV/EBITDA
AN AutoNation, Inc. compare 7.7×
LAD Lithia Motors, Inc. compare 8.0×
RUSHA Rush Enterprises, Inc. compare 8.6×
OPLN OPENLANE, Inc. compare 10.3×
RUSHB Rush Enterprises, Inc. compare 10.8×
PAG Penske Automotive Group, Inc. compare 11.8×
VVV Valvoline compare 12.5×
CVNA Carvana Co. 17.6×
KMX CarMax, Inc. compare 21.9×
Auto & Truck Dealerships industry median 8.6×
Consumer Cyclical sector median 9.3×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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