Stocks · Consumer Cyclical · Auto - Dealerships
Carvana Co. CVNA
$63.77 +1.16% Close, Oct 2, 2026 · NYSE · Market cap $69.96B
Strong growthHigh risk
Next earnings report: Oct 28, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $2.16, up 170.4% year over year.
- Revenue over the last four quarters was $25.06B, up 54.0% from a year earlier, accelerating from 51.7% a quarter earlier.
- At 29.6× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 2%
- EPS growth (TTM, YoY)Top 5%
- FCF growth (TTM, YoY)Top 30%
- Revenue growth, 3-year CAGRTop 12%
- Revenue growth accelerationTop 21%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 2%
- Gross marginBottom 18%
- Operating marginTop 39%
- Cash conversion (OCF / net income)Bottom 10%
- Accruals (lower is better)Bottom 6%
- Net debt / EBITDA (lower is better)Bottom 2%
- Interest coverTop 44%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 43%
- Free-cash-flow yieldBottom 25%
- EBITDA / enterprise valueBottom 15%
- Sales / enterprise valueBottom 19%
- P/E vs own 5-year history (lower is better)Top 8%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 45%
- 6-month returnTop 49%
- 1-year return vs S&P 500Bottom 37%
- Distance from 52-week highBottom 36%
- Trend checklist (0–4)Bottom 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 16%
- Consecutive EPS beatsTop 38%
- Share of analysts rating BuyBottom 39%
- Upside to consensus price targetTop 45%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 22%
- Maximum drawdown, 3 yearsTop 29%
- Beta vs S&P 500 (lower is better)Bottom 2%
- Net debt / EBITDA (lower is better)Bottom 2%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 51.7% | 54.0% | ↑ |
| EPS growth (YoY) | 249.8% | 170.4% | ↓ |
| Gross margin | 20.9% | 19.4% | ↓ |
| Operating margin | 9.3% | 8.9% | ↓ |
| FCF margin | 3.8% | 3.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 54.0% | 51.7% | ↑ | Top 2% |
| EPS growth (TTM, YoY) | 170.4% | 249.8% | ↓ | Top 5% |
| Gross margin | 19.4% | 20.9% | ↓ | Bottom 18% |
| Operating margin | 8.9% | 9.3% | ↓ | Top 39% |
| Net margin | 6.3% | 3.5% | ↑ | — |
| Free-cash-flow margin | 3.7% | 3.8% | ↓ | — |
| Return on invested capital | -66.9% | — | Bottom 2% | |
| Revenue growth, 3-year CAGR | 14.3% | — | Top 12% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.71×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 3.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +306.9 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 21.06×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.76%
- Shareholder yield
- -0.76%
- Share count change, 1 year
- +3.3%
- Share count change, 3-year CAGR
- +11.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +64.7%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $85.23
- Target vs current price
- +33.7%
- Analysts with a rating
- 46
- Share rating Buy or Strong Buy
- 46%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +8.6% | +0.4% | +3.0% | +14.7% | — |
| Apr 29, 2026 | +7.4% | -2.4% | -6.7% | -10.2% | -25.6% |
| Feb 18, 2026 | +265.2% | +3.0% | -7.4% | -10.3% | -0.4% |
| Oct 29, 2025 | -22.2% | -2.3% | -14.5% | -3.0% | +30.8% |
| Jul 30, 2025 | +11.4% | -0.9% | +4.2% | +10.6% | -2.9% |
| May 7, 2025 | -59.1% | +0.1% | +13.2% | +33.6% | +42.1% |
| Feb 19, 2025 | -61.9% | -1.0% | -22.1% | -41.5% | +7.4% |
| Oct 30, 2024 | -43.5% | -0.7% | +12.9% | +22.6% | +17.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $0.42 | $0.39 | +8.6% | $7.38B |
| Apr 29, 2026 | $0.34 | $0.32 | +7.4% | $6.43B |
| Feb 18, 2026 | $0.84 | $0.23 | +265.2% | $5.60B |
| Oct 29, 2025 | $0.21 | $0.27 | -22.2% | $5.65B |
| Jul 30, 2025 | $0.26 | $0.23 | +11.4% | $4.84B |
| May 7, 2025 | $0.30 | $0.73 | -59.1% | $4.23B |
| Feb 19, 2025 | $0.11 | $0.29 | -61.9% | $3.55B |
| Oct 30, 2024 | $0.13 | $0.23 | -43.5% | $3.65B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 29.6× | 70.6× | 0th | Bottom 43% |
| P/E (forward) | 39.5× | — | — | — |
| EV / EBITDA | 513.7× | — | — | Bottom 15% |
| EV / Sales | 2.91× | — | — | Bottom 19% |
| Free-cash-flow yield | 1.33% | — | — | Bottom 25% |
| Earnings yield | 3.38% | — | — | Bottom 43% |
P/E over the past five years
Range 30.7× – 177.2× since Dec 31, 2023. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -19.4%
- Earnings per share growth (TTM)
- +170.4%
- Change in P/E multiple
- -63.2%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +0.2%
- 200-day average slope (20 days)
- -1.4%
- Distance from 50-day average
- -7.2%
- Distance from 200-day average
- -11.4%
- RSI (14)
- 43.1
- Relative volume
- 1.16×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 57.8%
- Volatility vs own 5-year history
- 20th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.40
- Correlation with S&P 500
- 0.57
- Current drawdown from 1-year high
- -33.4%
- Maximum drawdown, 3 years
- -43.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 10, 2021 | Dec 27, 2022 | -99.0% | 348 days | 649 days (Jul 31, 2025) |
| Jan 22, 2026 | Mar 20, 2026 | -41.2% | 40 days | Not yet recovered |
| Mar 2, 2021 | May 13, 2021 | -28.9% | 51 days | 36 days (Jul 6, 2021) |
| Oct 1, 2025 | Nov 6, 2025 | -26.6% | 26 days | 19 days (Dec 4, 2025) |
| Oct 1, 2020 | Nov 2, 2020 | -22.3% | 22 days | 15 days (Nov 23, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $69.96B
- P/E (TTM)
- 29.6
- EPS, diluted (TTM)
- $2.16
- Revenue (TTM)
- $25.06B
- 52-week range
- $54.46 – $97.38
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $12.81B | $13.60B | $10.77B | $13.67B | $20.32B |
| Gross profit | $1.83B | $1.00B | $1.72B | $2.71B | $4.19B |
| Operating income | -$104.0M | -$1.49B | -$80.0M | $1.00B | $1.88B |
| Net income | -$135.0M | -$1.59B | $450.0M | $210.0M | $1.41B |
| EPS (diluted) | -$0.33 | -$3.15 | $0.15 | $0.32 | $1.69 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.65B | $3.55B | $4.23B | $4.84B | $5.65B | $5.60B | $6.43B | $7.38B |
| Net income | $85.0M | $79.0M | $216.0M | $183.0M | $151.0M | $857.0M | $250.0M | $310.0M |
| EPS (diluted) | $0.13 | $0.11 | $0.30 | $0.26 | $0.21 | $1.19 | $0.34 | $0.42 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$2.59B | -$1.32B | $803.0M | $918.0M | $1.04B |
| Capital expenditure | -$557.0M | -$512.0M | -$87.0M | -$91.0M | -$147.0M |
| Free cash flow | -$3.15B | -$1.84B | $716.0M | $827.0M | $889.0M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$40.0M | $1.23B | $453.0M | $1.26B | $584.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.13B
- Total assets
- $14.55B
- Total liabilities
- $9.41B
- Total debt
- $5.62B
- Net debt
- $2.99B
- Shareholders’ equity
- $4.03B
As of Jun 30, 2026 (filed Jul 29, 2026).
Short interest
- Shares sold short
- 62,226,156
- Days to cover
- 10.23
- Change vs previous report
- -5.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 8, 2026
- 5-for-1