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.
Follow CVNA
Carvana Co. (CVNA) Operating margin
Carvana Co.'s operating margin over the twelve months to 30 June 2026 was 8.93%, down 0.3 percentage points from fiscal 2025 (9.26%). Over the past ten years it has ranged from −27.1% (fiscal 2015) to 9.26% (fiscal 2025) — the current reading is the highest in ten years. That is above the Auto & Truck Dealerships industry median of 3.73% and above the Consumer Cyclical sector median of 3.57%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 9.26% | 2.02 |
| FY2024 | 7.24% | 7.98 |
| FY2023 | −0.74% | 16.54 |
| FY2022 | −17.3% | (16.47) |
| FY2021 | −0.81% | 5.13 |
| FY2020 | −5.94% | 1.17 |
| FY2019 | −7.11% | 4.58 |
| FY2018 | −11.7% | 6.39 |
| FY2017 | −18.1% | 6.42 |
| FY2016 | −24.5% | 2.60 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 9.22% | 0.19 |
| Mar 2026 | 9.03% | 1.46 |
| Dec 2025 | 7.57% | (2.21) |
| Sep 2025 | 9.78% | (0.78) |
| 38 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| OPLN OPENLANE, Inc. compare | 16.6% |
| VVV Valvoline compare | 15.3% |
| CVNA Carvana Co. | 8.93% |
| RUSHB Rush Enterprises, Inc. compare | 5.13% |
| RUSHA Rush Enterprises, Inc. compare | 5.13% |
| AN AutoNation, Inc. compare | 4.81% |
| LAD Lithia Motors, Inc. compare | 4.08% |
| PAG Penske Automotive Group, Inc. compare | 3.77% |
| KMX CarMax, Inc. compare | 2.05% |
| Auto & Truck Dealerships industry median | 3.73% |
| Consumer Cyclical sector median | 3.57% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on CVNA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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