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CARVANA CO (CVNA) Stock Fundamental Analysis

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

443.12 USD
-17.76 (-3.85%)
Last: 1/16/2026, 8:04:00 PM
444 USD
+0.88 (+0.2%)
After Hours: 1/16/2026, 8:04:00 PM
Fundamental Rating

5

Overall CVNA gets a fundamental rating of 5 out of 10. We evaluated CVNA against 122 industry peers in the Specialty Retail industry. Both the profitability and the financial health of CVNA get a neutral evaluation. Nothing too spectacular is happening here. 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

5

1. Profitability

1.1 Basic Checks

  • In the past year CVNA was profitable.
  • In the past year CVNA had a positive cash flow from operations.
  • In multiple years CVNA reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: CVNA reported negative operating cash flow in multiple 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -1B -2B -3B

1.2 Ratios

  • CVNA's Return On Assets of 6.38% is fine compared to the rest of the industry. CVNA outperforms 75.41% of its industry peers.
  • CVNA's Return On Equity of 27.60% is amongst the best of the industry. CVNA outperforms 86.89% of its industry peers.
  • CVNA's Return On Invested Capital of 17.57% is amongst the best of the industry. CVNA outperforms 86.07% of its industry peers.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200 300

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.44%, CVNA is in the better half of the industry, outperforming 71.31% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 9.40%, CVNA belongs to the top of the industry, outperforming 81.15% of the companies in the same industry.
  • CVNA has a Gross Margin of 21.37%. This is in the lower half of the industry: CVNA underperforms 79.51% of its industry peers.
  • In the last couple of years the Gross Margin of CVNA has grown nicely.
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 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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CVNA is creating value.
  • Compared to 1 year ago, CVNA has more shares outstanding
  • 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • CVNA has an Altman-Z score of 10.82. This indicates that CVNA is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 10.82, CVNA belongs to the best of the industry, outperforming 97.54% of the companies in the same industry.
  • 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 in line with its industry peers.
  • A Debt/Equity ratio of 2.14 is on the high side and indicates that CVNA has dependencies on debt financing.
  • The Debt to Equity ratio of CVNA (2.14) is worse than 69.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.14
Debt/FCF 9.53
Altman-Z 10.82
ROIC/WACC1.85
WACC9.51%
CVNA Yearly LT Debt VS Equity VS FCFCVNA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B

2.3 Liquidity

  • CVNA has a Current Ratio of 4.05. This indicates that CVNA is financially healthy and has no problem in meeting its short term obligations.
  • CVNA has a better Current ratio (4.05) than 93.44% of its industry peers.
  • CVNA has a Quick Ratio of 2.55. This indicates that CVNA is financially healthy and has no problem in meeting its short term obligations.
  • CVNA's Quick ratio of 2.55 is amongst the best of the industry. CVNA outperforms 91.80% of its industry peers.
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 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.
  • The Revenue has grown by 45.55% in the past year. This is a very strong growth!
  • CVNA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.25% yearly.
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

  • The Earnings Per Share is expected to grow by 49.29% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 27.94% on average over the next years. This is a very strong growth
EPS Next Y233.13%
EPS Next 2Y114.01%
EPS Next 3Y84.98%
EPS Next 5Y49.29%
Revenue Next Year48.02%
Revenue Next 2Y37.25%
Revenue Next 3Y33.03%
Revenue Next 5Y27.94%

3.3 Evolution

  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
CVNA Yearly Revenue VS EstimatesCVNA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 50B 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

  • CVNA is valuated quite expensively with a Price/Earnings ratio of 101.17.
  • The rest of the industry has a similar Price/Earnings ratio as CVNA.
  • When comparing the Price/Earnings ratio of CVNA to the average of the S&P500 Index (27.47), we can say CVNA is valued expensively.
  • A Price/Forward Earnings ratio of 61.62 indicates a quite expensive valuation of 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 24.26, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 101.17
Fwd PE 61.62
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

  • 68.03% 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 is on the same level as the industry average.
Industry RankSector Rank
P/FCF 176.55
EV/EBITDA 51.7
CVNA Per share dataCVNA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CVNA's earnings are expected to grow with 84.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)N/A
EPS Next 2Y114.01%
EPS Next 3Y84.98%

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0

5. Dividend

5.1 Amount

  • CVNA does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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CARVANA CO

NYSE:CVNA (1/16/2026, 8:04:00 PM)

After market: 444 +0.88 (+0.2%)

443.12

-17.76 (-3.85%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)10-29
Earnings (Next)02-17
Inst Owners98.05%
Inst Owner Change0.2%
Ins Owners2.14%
Ins Owner Change-2.26%
Market Cap96.40B
Revenue(TTM)18.27B
Net Income(TTM)629.00M
Analysts81.21
Price Target448.25 (1.16%)
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)5.19%
PT rev (3m)8.27%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)8.78%
EPS NY rev (1m)-1.1%
EPS NY rev (3m)3.8%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)8.8%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)5.31%
Valuation
Industry RankSector Rank
PE 101.17
Fwd PE 61.62
P/S 5.28
P/FCF 176.55
P/OCF 144.74
P/B 42.3
P/tB 43.01
EV/EBITDA 51.7
EPS(TTM)4.38
EY0.99%
EPS(NY)7.19
Fwd EY1.62%
FCF(TTM)2.51
FCFY0.57%
OCF(TTM)3.06
OCFY0.69%
SpS83.97
BVpS10.48
TBVpS10.3
PEG (NY)0.43
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 10.82
F-Score8
WACC9.51%
ROIC/WACC1.85
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 5Y49.29%
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 5Y27.94%
EBIT growth 1Y147.76%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year130.59%
EBIT Next 3Y56.75%
EBIT Next 5Y41.43%
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 fundamental rating for CVNA stock?

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


Can you provide the valuation status for CARVANA CO?

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.


What is the financial health of CARVANA CO (CVNA) stock?

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


How sustainable is the dividend of CARVANA CO (CVNA) stock?

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