CARVANA CO (CVNA) Stock Fundamental Analysis

NYSE:CVNA • US1468691027

336.62 USD
+3.83 (+1.15%)
At close: Feb 20, 2026
337.02 USD
+0.4 (+0.12%)
After Hours: 2/20/2026, 8:26:12 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CVNA. CVNA was compared to 123 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 has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • CVNA had positive earnings in the past year.
  • In the past year CVNA had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: CVNA reported negative net income in multiple 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 has a Return On Assets of 6.38%. This is in the better half of the industry: CVNA outperforms 77.69% of its industry peers.
  • The Return On Equity of CVNA (27.60%) is better than 86.78% of its industry peers.
  • With an excellent Return On Invested Capital value of 17.57%, CVNA belongs to the best of the industry, outperforming 85.95% 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 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 71.07% of the companies in the same industry.
  • CVNA has a better Operating Margin (9.40%) than 80.99% of its industry peers.
  • The Gross Margin of CVNA (21.37%) is worse than 77.69% 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • CVNA has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

  • An Altman-Z score of 8.62 indicates that CVNA is not in any danger for bankruptcy at the moment.
  • CVNA's Altman-Z score of 8.62 is amongst the best of the industry. CVNA outperforms 97.52% of its industry peers.
  • CVNA has a debt to FCF ratio of 9.53. This is a negative value and a sign of low solvency as CVNA would need 9.53 years to pay back of 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.
  • With a Debt to Equity ratio value of 2.14, CVNA is not doing good in the industry: 69.42% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.14
Debt/FCF 9.53
Altman-Z 8.62
ROIC/WACC1.86
WACC9.46%
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

  • A Current Ratio of 4.05 indicates that CVNA has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 4.05, CVNA belongs to the top of the industry, outperforming 93.39% 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.
  • CVNA has a better Quick ratio (2.55) than 91.74% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 412.10% over the past year.
EPS 1Y (TTM)412.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%653.57%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%57.96%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.47% on average over the next years.
  • The Revenue is expected to grow by 19.96% on average over the next years. This is quite good.
EPS Next Y-11.13%
EPS Next 2Y12.08%
EPS Next 3Y9.64%
EPS Next 5Y7.47%
Revenue Next Year27.92%
Revenue Next 2Y25.87%
Revenue Next 3Y24.85%
Revenue Next 5Y19.96%

3.3 Evolution

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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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • CVNA is valuated quite expensively with a Price/Earnings ratio of 41.87.
  • The rest of the industry has a similar Price/Earnings ratio as CVNA.
  • CVNA is valuated expensively when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 47.11, the valuation of CVNA can be described as expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CVNA.
  • When comparing the Price/Forward Earnings ratio of CVNA to the average of the S&P500 Index (28.06), we can say CVNA is valued expensively.
Industry RankSector Rank
PE 41.87
Fwd PE 47.11
CVNA Price Earnings VS Forward Price EarningsCVNA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CVNA is valued a bit more expensive than 66.94% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CVNA is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 134.12
EV/EBITDA 37.75
CVNA Per share dataCVNA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y12.08%
EPS Next 3Y9.64%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

CARVANA CO

NYSE:CVNA (2/20/2026, 8:26:12 PM)

After market: 337.02 +0.4 (+0.12%)

336.62

+3.83 (+1.15%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners98.05%
Inst Owner Change8.62%
Ins Owners2.14%
Ins Owner Change-0.22%
Market Cap73.23B
Revenue(TTM)N/A
Net Income(TTM)629.00M
Analysts80.63
Price Target479.43 (42.42%)
Short Float %10.77%
Short Ratio3.27
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)6.96%
PT rev (3m)12.6%
EPS NQ rev (1m)1.53%
EPS NQ rev (3m)3.22%
EPS NY rev (1m)0.02%
EPS NY rev (3m)4.99%
Revenue NQ rev (1m)-0.3%
Revenue NQ rev (3m)1.61%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)1.47%
Valuation
Industry RankSector Rank
PE 41.87
Fwd PE 47.11
P/S 4.01
P/FCF 134.12
P/OCF 109.95
P/B 32.13
P/tB 32.68
EV/EBITDA 37.75
EPS(TTM)8.04
EY2.39%
EPS(NY)7.15
Fwd EY2.12%
FCF(TTM)2.51
FCFY0.75%
OCF(TTM)3.06
OCFY0.91%
SpS83.97
BVpS10.48
TBVpS10.3
PEG (NY)N/A
PEG (5Y)N/A
Graham Number43.53
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 8.62
F-Score8
WACC9.46%
ROIC/WACC1.86
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)412.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%653.57%
EPS Next Y-11.13%
EPS Next 2Y12.08%
EPS Next 3Y9.64%
EPS Next 5Y7.47%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%57.96%
Revenue Next Year27.92%
Revenue Next 2Y25.87%
Revenue Next 3Y24.85%
Revenue Next 5Y19.96%
EBIT growth 1Y147.76%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year132.01%
EBIT Next 3Y57.12%
EBIT Next 5Y41.59%
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 4 / 10 to CVNA.


Can you provide the valuation status for CARVANA CO?

ChartMill assigns a valuation rating of 1 / 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%.