Companies / Consumer Discretionary
CVNA
Carvana
Automotive Retail
Automotive RetailAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health52
Growth91
Profitability33
Cash generation33
Balance sheet65
Dilution control40
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)42.4%Revenue growth (FY)48.6%Revenue CAGR (3y)14.3%Gross margin20.6%Operating margin9.3%Net margin6.9%Free cash flow margin4.4%R&D / revenue—Stock comp / revenue0.5%Net debt / operating cash flow2.70xCurrent ratio4.31Diluted share count change69.6%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $12.8B | $13.6B | $10.8B | $13.7B | $20.3B |
| Gross profit | $1.9B | $1.2B | $1.7B | $2.9B | $4.2B |
| Operating income | — | -$2.4B | -$80M | $990M | $1.9B |
| Net income | -$135M | -$1.6B | $450M | $210M | $1.4B |
| Operating cash flow | -$2.6B | -$1.3B | $803M | $918M | $1.0B |
| Capital expenditure | $557M | $512M | $87M | $91M | $147M |
| Free cash flow | -$3.2B | -$1.8B | $716M | $827M | $889M |
| Stock-based comp | $39M | $69M | $73M | $91M | $96M |
| Cash | $403M | $434M | $530M | $1.7B | $2.3B |
| Total debt | $4.9B | $8.1B | $6.0B | $5.6B | $5.1B |
| Equity | $306M | -$518M | $243M | $1.3B | $3.4B |
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