stockrowCarvana 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
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Carvana Co. (CVNA) Gross margin
Carvana Co.'s gross margin over the twelve months to 30 September 2026 was 19.0%, down 1.6 percentage points from fiscal 2025 (20.6%). Over the past ten years it has ranged from 1.03% (fiscal 2015) to 21.0% (fiscal 2024); the current reading is higher than 91% of that period. That is in line with the Auto & Truck Dealerships industry median of 18.4% and below the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 20.6% | (0.40) |
| FY2024 | 21.0% | 5.02 |
| FY2023 | 16.0% | 6.85 |
| FY2022 | 9.16% | (5.89) |
| FY2021 | 15.1% | 0.84 |
| FY2020 | 14.2% | 1.34 |
| FY2019 | 12.9% | 2.81 |
| FY2018 | 10.1% | 2.13 |
| FY2017 | 7.93% | 2.67 |
| FY2016 | 5.26% | 4.23 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 18.9% | 0.16 |
| Jun 2026 | 18.8% | (1.00) |
| Mar 2026 | 19.8% | 1.00 |
| Dec 2025 | 18.8% | (1.57) |
| 39 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| OPLN OPENLANE, Inc. compare | 45.6% |
| VVV Valvoline compare | 38.3% |
| RUSHB Rush Enterprises, Inc. compare | 19.7% |
| RUSHA Rush Enterprises, Inc. compare | 19.3% |
| CVNA Carvana Co. | 19.0% |
| AN AutoNation, Inc. compare | 17.7% |
| PAG Penske Automotive Group, Inc. compare | 16.0% |
| LAD Lithia Motors, Inc. compare | 15.1% |
| KMX CarMax, Inc. compare | 10.3% |
| Auto & Truck Dealerships industry median | 18.4% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CVNA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement