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Saturday 17 October 2026 Export CVNA’s income statement to Excel — free account

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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Carvana Co. (CVNA) Gross margin

Alert me on Gross margin

Carvana Co.'s gross margin over the twelve months to 30 June 2026 was 19.4%, down 1.3 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 19.6% and below the Consumer Cyclical sector median of 35.0%.

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)
Jun 2026 18.8% (1.00)
Mar 2026 19.8% 1.00
Dec 2025 18.8% (1.57)
Sep 2025 20.3% (1.65)
38 more quarters

Against its own ten years

Low 1.03% High 21.0%
Ten-year median 12.9%
Current reading's percentile 82

Gross margin against peers

Company Gross margin
OPLN OPENLANE, Inc. compare 45.9%
VVV Valvoline compare 38.3%
RUSHB Rush Enterprises, Inc. compare 19.7%
RUSHA Rush Enterprises, Inc. compare 19.7%
CVNA Carvana Co. 19.4%
AN AutoNation, Inc. compare 17.8%
PAG Penske Automotive Group, Inc. compare 16.2%
LAD Lithia Motors, Inc. compare 15.2%
KMX CarMax, Inc. compare 10.3%
Auto & Truck Dealerships industry median 19.6%
Consumer Cyclical sector median 35.0%
Market median 46.2%

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

The full definition of Gross margin →

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