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CARVANA CO (CVNA) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:CVNA - US1468691027 - Common Stock

429.55 USD
-4 (-0.92%)
Last: 12/30/2025, 8:15:23 PM
429.81 USD
+0.26 (+0.06%)
After Hours: 12/30/2025, 8:15:23 PM
Fundamental Rating

5

CVNA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 123 industry peers in the Specialty Retail industry. CVNA has only an average score on both its financial health and profitability. CVNA is valued quite expensive, but it does show an excellent growth. These ratings would make CVNA suitable for growth investing!


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year CVNA was profitable.
CVNA had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CVNA reported negative net income in multiple years.
In multiple years CVNA reported negative operating cash flow during the last 5 years.
CVNA Yearly Net Income VS EBIT VS OCF VS FCFCVNA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -1B -2B -3B

1.2 Ratios

CVNA has a Return On Assets of 6.38%. This is in the better half of the industry: CVNA outperforms 75.61% of its industry peers.
The Return On Equity of CVNA (27.60%) is better than 86.99% of its industry peers.
With an excellent Return On Invested Capital value of 17.57%, CVNA belongs to the best of the industry, outperforming 86.18% of the companies in the same industry.
Industry RankSector Rank
ROA 6.38%
ROE 27.6%
ROIC 17.57%
ROA(3y)-3.14%
ROA(5y)-3.39%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CVNA Yearly ROA, ROE, ROICCVNA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200 300

1.3 Margins

CVNA has a Profit Margin of 3.44%. This is in the better half of the industry: CVNA outperforms 71.54% of its industry peers.
The Operating Margin of CVNA (9.40%) is better than 81.30% of its industry peers.
The Gross Margin of CVNA (21.37%) is worse than 80.49% of its industry peers.
CVNA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9.4%
PM (TTM) 3.44%
GM 21.37%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.8%
GM growth 5Y10.37%
CVNA Yearly Profit, Operating, Gross MarginsCVNA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CVNA is creating value.
The number of shares outstanding for CVNA has been increased compared to 1 year ago.
CVNA has more shares outstanding than it did 5 years ago.
CVNA has a better debt/assets ratio than last year.
CVNA Yearly Shares OutstandingCVNA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CVNA Yearly Total Debt VS Total AssetsCVNA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

CVNA has an Altman-Z score of 10.35. This indicates that CVNA is financially healthy and has little risk of bankruptcy at the moment.
CVNA has a better Altman-Z score (10.35) than 97.56% of its industry peers.
The Debt to FCF ratio of CVNA is 9.53, which is on the high side as it means it would take CVNA, 9.53 years of fcf income to pay off all of its debts.
CVNA has a Debt to FCF ratio (9.53) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.14 is on the high side and indicates that CVNA has dependencies on debt financing.
With a Debt to Equity ratio value of 2.14, CVNA is not doing good in the industry: 70.73% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.14
Debt/FCF 9.53
Altman-Z 10.35
ROIC/WACC1.87
WACC9.39%
CVNA Yearly LT Debt VS Equity VS FCFCVNA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B

2.3 Liquidity

A Current Ratio of 4.05 indicates that CVNA has no problem at all paying its short term obligations.
With an excellent Current ratio value of 4.05, CVNA belongs to the best of the industry, outperforming 93.50% of the companies in the same industry.
A Quick Ratio of 2.55 indicates that CVNA has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.55, CVNA belongs to the top of the industry, outperforming 91.87% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.05
Quick Ratio 2.55
CVNA Yearly Current Assets VS Current LiabilitesCVNA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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8

3. Growth

3.1 Past

CVNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 43700.00%, which is quite impressive.
Looking at the last year, CVNA shows a very strong growth in Revenue. The Revenue has grown by 45.55%.
Measured over the past years, CVNA shows a very strong growth in Revenue. The Revenue has been growing by 28.25% on average per year.
EPS 1Y (TTM)43700%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60.94%
Revenue 1Y (TTM)45.55%
Revenue growth 3Y2.19%
Revenue growth 5Y28.25%
Sales Q2Q%54.5%

3.2 Future

Based on estimates for the next years, CVNA will show a very strong growth in Earnings Per Share. The EPS will grow by 48.65% on average per year.
Based on estimates for the next years, CVNA will show a very strong growth in Revenue. The Revenue will grow by 28.13% on average per year.
EPS Next Y233.13%
EPS Next 2Y114.01%
EPS Next 3Y84.98%
EPS Next 5Y48.65%
Revenue Next Year48.02%
Revenue Next 2Y37.25%
Revenue Next 3Y33.03%
Revenue Next 5Y28.13%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
CVNA Yearly Revenue VS EstimatesCVNA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B 80B 100B
CVNA Yearly EPS VS EstimatesCVNA Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5 10 -10

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 98.07, which means the current valuation is very expensive for CVNA.
Compared to the rest of the industry, the Price/Earnings ratio of CVNA is on the same level as its industry peers.
CVNA is valuated expensively when we compare the Price/Earnings ratio to 26.77, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 59.73, which means the current valuation is very expensive for CVNA.
CVNA's Price/Forward Earnings ratio is in line with the industry average.
CVNA is valuated expensively when we compare the Price/Forward Earnings ratio to 23.35, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 98.07
Fwd PE 59.73
CVNA Price Earnings VS Forward Price EarningsCVNA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

67.48% of the companies in the same industry are cheaper than CVNA, based on the Enterprise Value to EBITDA ratio.
CVNA's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 171.14
EV/EBITDA 48.72
CVNA Per share dataCVNA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

CVNA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CVNA's earnings are expected to grow with 84.98% in the coming years.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y114.01%
EPS Next 3Y84.98%

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0

5. Dividend

5.1 Amount

No dividends for CVNA!.
Industry RankSector Rank
Dividend Yield 0%

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CARVANA CO

NYSE:CVNA (12/30/2025, 8:15:23 PM)

After market: 429.81 +0.26 (+0.06%)

429.55

-4 (-0.92%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-17 2026-02-17/amc
Inst Owners97.95%
Inst Owner Change19.2%
Ins Owners2.2%
Ins Owner Change-3.07%
Market Cap93.44B
Revenue(TTM)18.27B
Net Income(TTM)629.00M
Analysts80.65
Price Target448.25 (4.35%)
Short Float %10.34%
Short Ratio3.23
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.28%
Min EPS beat(2)-19.89%
Max EPS beat(2)13.33%
EPS beat(4)3
Avg EPS beat(4)53.73%
Min EPS beat(4)-19.89%
Max EPS beat(4)130.76%
EPS beat(8)6
Avg EPS beat(8)97.4%
EPS beat(12)10
Avg EPS beat(12)84.87%
EPS beat(16)10
Avg EPS beat(16)52.77%
Revenue beat(2)2
Avg Revenue beat(2)6.22%
Min Revenue beat(2)3.4%
Max Revenue beat(2)9.04%
Revenue beat(4)4
Avg Revenue beat(4)5.4%
Min Revenue beat(4)3.4%
Max Revenue beat(4)9.04%
Revenue beat(8)7
Avg Revenue beat(8)4.34%
Revenue beat(12)8
Avg Revenue beat(12)2.72%
Revenue beat(16)10
Avg Revenue beat(16)1.45%
PT rev (1m)5.52%
PT rev (3m)8.27%
EPS NQ rev (1m)4.77%
EPS NQ rev (3m)7.54%
EPS NY rev (1m)4.46%
EPS NY rev (3m)3.8%
Revenue NQ rev (1m)0.91%
Revenue NQ rev (3m)9%
Revenue NY rev (1m)1.22%
Revenue NY rev (3m)5.46%
Valuation
Industry RankSector Rank
PE 98.07
Fwd PE 59.73
P/S 5.12
P/FCF 171.14
P/OCF 140.31
P/B 41
P/tB 41.7
EV/EBITDA 48.72
EPS(TTM)4.38
EY1.02%
EPS(NY)7.19
Fwd EY1.67%
FCF(TTM)2.51
FCFY0.58%
OCF(TTM)3.06
OCFY0.71%
SpS83.97
BVpS10.48
TBVpS10.3
PEG (NY)0.42
PEG (5Y)N/A
Graham Number32.13
Profitability
Industry RankSector Rank
ROA 6.38%
ROE 27.6%
ROCE 20.67%
ROIC 17.57%
ROICexc 23.6%
ROICexgc 23.75%
OM 9.4%
PM (TTM) 3.44%
GM 21.37%
FCFM 2.99%
ROA(3y)-3.14%
ROA(5y)-3.39%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.8%
GM growth 5Y10.37%
F-Score8
Asset Turnover1.85
Health
Industry RankSector Rank
Debt/Equity 2.14
Debt/FCF 9.53
Debt/EBITDA 2.45
Cap/Depr 42.86%
Cap/Sales 0.66%
Interest Coverage 5.04
Cash Conversion 33.35%
Profit Quality 86.8%
Current Ratio 4.05
Quick Ratio 2.55
Altman-Z 10.35
F-Score8
WACC9.39%
ROIC/WACC1.87
Cap/Depr(3y)83.57%
Cap/Depr(5y)253.76%
Cap/Sales(3y)1.75%
Cap/Sales(5y)3.2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)43700%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60.94%
EPS Next Y233.13%
EPS Next 2Y114.01%
EPS Next 3Y84.98%
EPS Next 5Y48.65%
Revenue 1Y (TTM)45.55%
Revenue growth 3Y2.19%
Revenue growth 5Y28.25%
Sales Q2Q%54.5%
Revenue Next Year48.02%
Revenue Next 2Y37.25%
Revenue Next 3Y33.03%
Revenue Next 5Y28.13%
EBIT growth 1Y147.76%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year130.59%
EBIT Next 3Y56.75%
EBIT Next 5Y38.7%
FCF growth 1Y215.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y119.8%
OCF growth 3YN/A
OCF growth 5YN/A

CARVANA CO / CVNA FAQ

What is the ChartMill fundamental rating of CARVANA CO (CVNA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to CVNA.


What is the valuation status for CVNA stock?

ChartMill assigns a valuation rating of 3 / 10 to CARVANA CO (CVNA). This can be considered as Overvalued.


What is the profitability of CVNA stock?

CARVANA CO (CVNA) has a profitability rating of 5 / 10.


How financially healthy is CARVANA CO?

The financial health rating of CARVANA CO (CVNA) is 6 / 10.


Is the dividend of CARVANA CO sustainable?

The dividend rating of CARVANA CO (CVNA) is 0 / 10 and the dividend payout ratio is 0%.