Reading the tape
NYSE: CVNA
Carvana Co.
Consumer Cyclical · Auto - Dealerships
Market Cap
$81.64B
52w High
$486.89
52w Low
$253.49
P/E
33.68
Volume
2.26M
Outstanding Shares
216.80M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
1Y Price: 45.07%Revenue (TTM): 51.72%FCF (TTM): -22.02%P/FCF: 73rd pct
What changed
The stock rose 45.07% over the last year. Revenue grew 51.72% over the trailing twelve months. Operating margin moved from 8.5% to 9.19%. Free cash flow declined 22.02% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (73rd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 9.19% — continued expansion would be needed to justify the premium. Revenue growth of 51.72% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.
CEOErnest C. Garcia
SectorConsumer Cyclical
IndustryAuto - Dealerships
Employees23,100
IPO dateApr 28, 2017
Valuation
Forward P/E—
EV/EBITDA-810.08
Enterprise value$89.11B
Stock splits
May 7, 2026↑ Forward
Every 1 shares became 5
Profitability & growth
Revenue growth51.98%
Gross margin19.97%▲4.04%vs FY2024
Operating margin9.19%▲26.30%vs FY2024
ROE40.89%▲145.34%vs FY2024
Analyst consensus
RatingBuy
Target price$484.00▲28.54%
21
Buy
21
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $2.02 · Revenue est $6.81B
View
Congressional Activity
Congress Trades in CVNA
STOCK Act disclosures from senators and representatives.
Josh Gottheimer
NJhouseDemocratSaleJoint2026-02-18$1,001 - $15,000+27d to disclose