(CVNA) Carvana - Overview

Sector: Consumer Cyclical | Industry: Auto & Truck Dealerships | Exchange: NYSE (USA) | Market Cap: 74.138m USD | Total Return: 73.6% in 12m

Used Cars, Online Platform, Financing, Logistics
Total Rating 53
Safety 32
Buy Signal 0.07
Auto & Truck Dealerships
Industry Rotation: +14.6
Market Cap: 74.1B
Avg Turnover: 838M USD
ATR: 5.95%
Peers RS (IBD): 79.4
Risk 5d forecast
Volatility67.6%
Rel. Tail Risk-12.8%
Reward TTM
Sharpe Ratio1.22
Alpha7.45
Character TTM
Beta2.429
Beta Downside2.685
Drawdowns 3y
Max DD53.47%
CAGR/Max DD4.73
EPS (Earnings per Share) EPS (Earnings per Share) of CVNA over the last years for every Quarter: "2021-03": -0.46, "2021-06": 0.26, "2021-09": -0.38, "2021-12": -1.02, "2022-03": -2.89, "2022-06": -2.35, "2022-09": -2.67, "2022-12": 0.39, "2023-03": -1.51, "2023-06": -0.55, "2023-09": -0.46, "2023-12": -1, "2024-03": 0.23, "2024-06": 0.14, "2024-09": 0.64, "2024-12": 0.608, "2025-03": 1.5288, "2025-06": 1.28, "2025-09": 1.03, "2025-12": 4.22,
EPS CAGR: 211.71%
EPS Trend: 90.7%
Last SUE: 4.00
Qual. Beats: 1
Revenue Revenue of CVNA over the last years for every Quarter: 2021-03: 2245, 2021-06: 3336, 2021-09: 3480, 2021-12: 3753, 2022-03: 3497, 2022-06: 3884, 2022-09: 3386, 2022-12: 2837, 2023-03: 2606, 2023-06: 2968, 2023-09: 2773, 2023-12: 2424, 2024-03: 3061, 2024-06: 3410, 2024-09: 3655, 2024-12: 3547, 2025-03: 4232, 2025-06: 4840, 2025-09: 5647, 2025-12: 5603,
Rev. CAGR: 13.39%
Rev. Trend: 64.3%
Last SUE: 1.87
Qual. Beats: 6

Warnings

Share dilution 61.2% YoY - potential capital distress

Interest Coverage Ratio -0.8 is critical

Beneish M-Score -0.42 > -1.5 - likely earnings manipulation

Volatile

Tailwinds

Pead

Description: CVNA Carvana

Carvana Co. operates an e-commerce platform for used car transactions. This business model leverages technology to streamline the car buying and selling process, a growing trend in retail.

The company manages the entire used car lifecycle, from acquisition and reconditioning to online sales, financing, and logistics. This integrated approach is common among online automotive retailers seeking to control the customer experience.

Carvana also runs auction sites, supplementing its direct-to-consumer sales. Founded in 2012 and based in Tempe, Arizona, Carvana is a significant player in the online used car market. To understand the companys performance metrics, consider exploring its financials on ValueRay.

Headlines to Watch Out For
  • Used vehicle demand impacts sales volume and pricing
  • Interest rate hikes increase financing costs and reduce affordability
  • Logistics network efficiency affects delivery times and operational expenses
  • Regulatory scrutiny on online auto sales could increase compliance costs
  • Consumer credit availability influences loan approvals and purchase volumes
Piotroski VR‑10 (Strict) 4.0
Net Income: 1.41b TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA -3.01 > 1.0
NWC/Revenue: 24.75% < 20% (prev 25.82%; Δ -1.07% < -1%)
CFO/TA 0.08 > 3% & CFO 1.04b > Net Income 1.41b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 4.31 > 1.5 & < 3
Outstanding Shares: last quarter (225.5m) vs 12m ago 61.25% < -2%
Gross Margin: 20.24% > 18% (prev 0.20%; Δ 2.00k% > 0.5%)
Asset Turnover: 187.4% > 50% (prev 161.2%; Δ 26.27% > 0%)
Interest Coverage Ratio: -0.76 > 6 (EBITDA TTM -110.0m / Interest Expense TTM 505.0m)
Altman Z'' 2.26
A: 0.38 (Total Current Assets 6.55b - Total Current Liabilities 1.52b) / Total Assets 13.20b
B: -0.00 (Retained Earnings -9.00m / Total Assets 13.20b)
C: -0.04 (EBIT TTM -385.0m / Avg Total Assets 10.84b)
D: -0.00 (Book Value of Equity -9.00m / Total Liabilities 9.00b)
Altman-Z'' Score: 2.26 = BBB
Beneish M -0.42
DSRI: 0.54 (Receivables 245.0m/303.0m, Revenue 20.32b/13.67b)
GMI: 0.98 (GM 20.24% / 19.83%)
AQI: 5.43 (AQ_t 0.26 / AQ_t-1 0.05)
SGI: 1.49 (Revenue 20.32b / 13.67b)
TATA: 0.03 (NI 1.41b - CFO 1.04b) / TA 13.20b)
Beneish M-Score: -0.42 (Cap -4..+1) = D
What is the price of CVNA shares? As of April 16, 2026, the stock is trading at USD 374.21 with a total of 4,797,517 shares traded.
Over the past week, the price has changed by +9.52%, over one month by +21.28%, over three months by -19.48% and over the past year by +73.56%.
Is CVNA a buy, sell or hold? Carvana has received a consensus analysts rating of 3.70. Therefor, it is recommend to hold CVNA.
  • StrongBuy: 6
  • Buy: 6
  • Hold: 10
  • Sell: 0
  • StrongSell: 1
What are the forecasts/targets for the CVNA price?
Analysts Target Price 423.5 13.2%
Carvana (CVNA) - Fundamental Data Overview as of 13 April 2026
P/E Trailing = 39.8472
P/E Forward = 48.5437
P/S = 3.6482
P/B = 13.9757
P/EG = -0.13
Revenue TTM = 20.32b USD
EBIT TTM = -385.0m USD
EBITDA TTM = -110.0m USD
Long Term Debt = 4.83b USD (from longTermDebt, last quarter)
Short Term Debt = 227.0m USD (from shortTermDebt, last quarter)
Debt = 5.06b USD (corrected: LT Debt 4.83b + ST Debt 227.0m)
Net Debt = 2.73b USD (recalculated: Debt 5.06b - CCE 2.33b)
Enterprise Value = 76.87b USD (74.14b + Debt 5.06b - CCE 2.33b)
Interest Coverage Ratio = -0.76 (Ebit TTM -385.0m / Interest Expense TTM 505.0m)
EV/FCF = 86.47x (Enterprise Value 76.87b / FCF TTM 889.0m)
FCF Yield = 1.16% (FCF TTM 889.0m / Enterprise Value 76.87b)
FCF Margin = 4.37% (FCF TTM 889.0m / Revenue TTM 20.32b)
Net Margin = 6.92% (Net Income TTM 1.41b / Revenue TTM 20.32b)
Gross Margin = 20.24% ((Revenue TTM 20.32b - Cost of Revenue TTM 16.21b) / Revenue TTM)
Gross Margin QoQ = 18.76% (prev 20.33%)
Tobins Q-Ratio = 5.82 (Enterprise Value 76.87b / Total Assets 13.20b)
Interest Expense / Debt = 1.94% (Interest Expense 98.0m / Debt 5.06b)
Taxrate = 21.0% (US default 21%)
NOPAT = -304.1m (EBIT -385.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 4.31 (Total Current Assets 6.55b / Total Current Liabilities 1.52b)
Debt / Equity = 1.47 (Debt 5.06b / totalStockholderEquity, last quarter 3.44b)
 Debt / EBITDA = -24.82 (negative EBITDA) (Net Debt 2.73b / EBITDA -110.0m)
 Debt / FCF = 3.07 (Net Debt 2.73b / FCF TTM 889.0m)
Total Stockholder Equity = 2.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.98% (Net Income 1.41b / Total Assets 13.20b)
RoE = 62.85% (Net Income TTM 1.41b / Total Stockholder Equity 2.24b)
RoCE = -5.45% (EBIT -385.0m / Capital Employed (Equity 2.24b + L.T.Debt 4.83b))
 RoIC = -3.97% (negative operating profit) (NOPAT -304.1m / Invested Capital 7.66b)
 WACC = 13.70% (E(74.14b)/V(79.20b) * Re(14.53%) + D(5.06b)/V(79.20b) * Rd(1.94%) * (1-Tc(0.21)))
Discount Rate = 14.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 6.04%
[DCF] Terminal Value 49.63% ; FCFF base≈864.2m ; Y1≈567.4m ; Y5≈259.5m
 [DCF] Fair Price = N/A (negative equity: EV 2.65b - Net Debt 2.73b = -81.7m; debt exceeds intrinsic value)
 EPS Correlation: 90.65 | EPS CAGR: 211.7% | SUE: 4.0 | # QB: 1
Revenue Correlation: 64.28 | Revenue CAGR: 13.39% | SUE: 1.87 | # QB: 6
EPS next Quarter (2026-06-30): EPS=1.87 | Chg7d=-0.012 | Chg30d=-0.009 | Revisions Net=+0 | Analysts=15
EPS current Year (2026-12-31): EPS=7.12 | Chg7d=-0.011 | Chg30d=-0.003 | Revisions Net=+2 | Growth EPS=-15.7% | Growth Revenue=+32.1%
EPS next Year (2027-12-31): EPS=9.70 | Chg7d=-0.401 | Chg30d=-0.392 | Revisions Net=+1 | Growth EPS=+36.2% | Growth Revenue=+22.7%
[Analyst] Revisions Ratio: +0.00 (3 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 12.0% (Discount Rate 14.5% - Earnings Yield 2.5%)
[Growth] Growth Spread = +23.2% (Analyst 35.2% - Implied 12.0%)
External Resources
Dataroma Stockcircle