Carvana Co
CVNABuild a strategy around CVNA
Carvana Co AI Insights
Informational only. Not investment advice.Snapshot
- ROE TTM of 43.5% vs industry median 13.1% - turnaround delivering 3.3x peer profitability on equity despite 2.5x debt/equity leverage[Return on Equity]
- Revenue grew 54.5% YoY while gross profit grew 42.3% - operating leverage driving 9.4% operating margin vs industry median 4.5%[Total Revenue 1Y Growth]
- P/E of 101x vs industry median 12x with P/S of 3.6x vs median 0.3x - priced for continued hypergrowth execution[P/E Ratio]
Watch Triggers
- Operating Margin TTM: Falls below 7% — Would signal operating leverage thesis failing; fixed costs not scaling
- Interest Expense TTM: Rises above 600M or coverage <3x — Debt burden consuming profit gains would invalidate turnaround
- Gross Margin TTM: Falls below 18% — Unit economics deterioration would require growth at any cost
Bull Case
Turnaround validated: 629M net income TTM on 18.3B revenue after years of losses. FCF positive at 546M with 2.1B cash buffer. Operating leverage inflecting.
54.5% revenue growth with 21% gross margin shows demand and unit economics intact. 5Y revenue CAGR of 30% vs industry 10% median proves category leadership.
Bear Case
Debt of 5.6B at 2.5x equity with 555M annual interest expense consumes 88% of net income. Any growth slowdown threatens debt serviceability.
P/E of 101x requires flawless execution. Stock issued 536M TTM for growth - dilution risk if profitability falters. P/B of 30x leaves no margin of safety.
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
Leverage CVNA's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Operating margin expansion to 12-15% as fixed cost leverage accelerates on 20%+ revenue growth
- Operating expense ratio declining as revenue scales
- Gross margin stable at 21% with reconditioning efficiency
- Interest expense declining via debt paydown (-548M TTM)
Valuation Context
Caveats
Public Strategies Rankings
See how Carvana Co ranks across different investment strategies.
Leverage CVNA's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
CVNA Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$44.39B | — | ||
$47.58B | — | ||
37 | — | ||
$20.32B | +48.6% | — | |
$8.45 | +411.9% | — | |
9.26% | +2.0% | — | |
6.92% | +5.4% | — | |
$889.0M | +7.5% | — | |
59.9% | +31.9% | — | |
Beta 5Y (Monthly) | unknown | — |
CVNA Dividend History
CVNA Stock Splits
CVNA SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/18/26 | 12/31/25 | 10-K | |
10/29/25 | 09/30/25 | 10-Q | |
07/30/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/19/25 | 12/31/24 | 10-K | |
10/30/24 | 09/30/24 | 10-Q | |
07/31/24 | 06/30/24 | 10-Q | |
05/01/24 | 03/31/24 | 10-Q | |
02/22/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
07/19/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/10/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/25/21 | 12/31/20 | 10-K | |
10/29/20 | 09/30/20 | 10-Q | |
08/05/20 | 06/30/20 | 10-Q | |
05/06/20 | 03/31/20 | 10-Q | |
02/26/20 | 12/31/19 | 10-K | |
11/06/19 | 09/30/19 | 10-Q | |
08/07/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
02/27/19 | 12/31/18 | 10-K | |
11/07/18 | 09/30/18 | 10-Q | |
08/08/18 | 06/30/18 | 10-Q | |
05/09/18 | 03/31/18 | 10-Q | |
03/06/18 | 12/31/17 | 10-K | |
11/07/17 | 09/30/17 | 10-Q | |
08/08/17 | 06/30/17 | 10-Q | |
06/06/17 | 03/31/17 | 10-Q | |
04/28/17 | 12/31/16 | 424B4 | |
11/07/17 | 09/30/16 | 10-Q | |
08/08/17 | 06/30/16 | 10-Q | |
06/06/17 | 03/31/16 | 10-Q |