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. (CVNA) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Carvana Co. (CVNA) trades at a EV/EBITDA of 20.2×. Over the past ten years it has ranged from 0.0× (December 2023) to 4,751× (October 2021); the current reading is higher than 65% of that period. That is above the Auto & Truck Dealerships industry median of 8.6× and above the Consumer Cyclical sector median of 9.8×.

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
Sep 2026 17.5× (11.00%)
Jun 2026 19.7× (2.53%)
Mar 2026 20.2× (27.92%)
Dec 2025 28.1× 1.35%
39 more quarters

Against its own ten years

Low 0.0× High 4,751×
Ten-year median 0.0×
Current reading's percentile 65

EV/EBITDA against peers

Company EV/EBITDA
LAD Lithia Motors, Inc. compare 8.1×
AN AutoNation, Inc. compare 8.5×
RUSHA Rush Enterprises, Inc. compare 8.6×
OPLN OPENLANE, Inc. compare 10.5×
RUSHB Rush Enterprises, Inc. compare 11.1×
PAG Penske Automotive Group, Inc. compare 11.7×
VVV Valvoline compare 13.7×
CVNA Carvana Co. 20.2×
KMX CarMax, Inc. compare 21.8×
Auto & Truck Dealerships industry median 8.6×
Consumer Cyclical sector median 9.8×
Market median 10.9×

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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