Carvana Key Executives

This section highlights Carvana's key executives, including their titles and compensation details.

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Carvana Earnings

This section highlights Carvana's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date: July 30, 2025
Time: After Market
Est. EPS: $1.02
Status: Unconfirmed

Last Earnings Results

Date: May 07, 2025
EPS: $1.51
Est. EPS: $0.72
Revenue: $4.23B

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS
Read Transcript Q1 2025 2025-05-07 $0.72 $1.51
Read Transcript Q4 2024 2025-02-19 $0.29 $0.56
Read Transcript Q3 2024 2024-10-30 $0.24 $0.64
Read Transcript Q2 2024 2024-07-31 $-0.07 $0.14
Read Transcript Q1 2024 2024-05-01 $-0.67 $-0.41
Read Transcript Q4 2023 2024-02-22 $-0.95 $-1.00
Read Transcript Q3 2023 2023-11-02 $-0.85 $0.23
Read Transcript Q2 2023 2023-07-21 N/A N/A
Read Transcript Q1 2023 2023-05-04 $-1.87 $-1.51

Earnings Reports

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Financial Statements

Access annual & quarterly financial statements for Carvana, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Revenue $13.67B $10.77B $13.60B $12.81B $5.59B
Cost of Revenue $10.80B $9.05B $12.36B $10.88B $4.79B
Gross Profit $2.88B $1.72B $1.25B $1.93B $793.76M
Gross Profit Ratio 21.03% 16.01% 9.16% 15.05% 14.21%
Research and Development Expenses $- $- $- $- $-
General and Administrative Expenses $1.65B $1.45B $2.25B $1.55B $839.73M
Selling and Marketing Expenses $229.00M $347.00M $490.00M $479.00M $286.43M
Selling General and Administrative Expenses $1.87B $1.80B $2.74B $2.03B $1.13B
Other Expenses $12.00M $- $-70.00M $-6.00M $1.45M
Operating Expenses $1.87B $1.61B $2.74B $2.03B $1.13B
Cost and Expenses $12.67B $10.84B $15.09B $12.92B $5.92B
Interest Income $- $- $486.00M $176.00M $131.00M
Interest Expense $651.00M $632.00M $486.00M $176.00M $131.53M
Depreciation and Amortization $305.00M $352.00M $261.00M $105.00M $73.79M
EBITDA $1.36B $1.16B $-2.15B $-5.00M $-257.16M
EBITDA Ratio 9.92% 10.76% -15.77% -0.04% -4.60%
Operating Income $990.00M $-72.00M $-1.56B $-110.00M $-330.95M
Operating Income Ratio 7.24% -0.67% -11.47% -0.86% -5.92%
Total Other Income Expenses Net $-590.00M $247.00M $-1.40B $-182.00M $-130.08M
Income Before Tax $400.00M $175.00M $-2.89B $-286.00M $-462.48M
Income Before Tax Ratio 2.93% 1.62% -21.27% -2.23% -8.28%
Income Tax Expense $-4.00M $25.00M $1.00M $1.00M $-255.00K
Net Income $210.00M $450.00M $-2.89B $-287.00M $-462.22M
Net Income Ratio 1.54% 4.18% -21.27% -2.24% -8.27%
EPS $1.72 $4.12 $-28.70 $-3.47 $-7.11
EPS Diluted $1.59 $2.24 $-28.70 $-3.47 $-7.11
Weighted Average Shares Outstanding 122.34M 109.32M 100.83M 82.81M 64.98M
Weighted Average Shares Outstanding Diluted 132.21M 200.58M 100.83M 82.81M 64.98M
SEC Filing Source Source Source Source Source


Breakdown March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020
Revenue $4.23B $3.55B $3.65B $3.41B $3.06B $2.42B $2.77B $2.97B $2.61B $2.84B $3.39B $3.88B $3.50B $3.75B $3.48B $3.34B $2.25B $1.83B $1.54B $1.12B
Cost of Revenue $3.30B $2.78B $2.85B $2.74B $2.51B $2.02B $2.29B $2.47B $2.27B $2.64B $3.03B $3.49B $3.20B $3.24B $2.96B $2.78B $1.91B $1.58B $1.28B $968.13M
Gross Profit $929.00M $763.00M $807.00M $674.00M $548.00M $402.00M $482.00M $499.00M $341.00M $193.00M $359.00M $396.00M $298.00M $516.00M $523.00M $552.00M $338.00M $243.86M $261.27M $150.21M
Gross Profit Ratio 21.95% 21.51% 22.08% 19.77% 17.90% 16.58% 17.38% 16.81% 13.09% 6.80% 10.60% 10.20% 8.52% 13.75% 15.03% 16.55% 15.06% 13.35% 16.93% 13.43%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $- $430.00M $413.00M $372.00M $402.00M $380.00M $377.00M $395.00M $416.00M $545.00M $539.00M $590.00M $572.00M $486.00M $420.00M $351.00M $297.00M $258.51M $202.69M $177.60M
Selling and Marketing Expenses $- $64.00M $56.00M $83.00M $54.00M $59.00M $56.00M $57.00M $56.00M $87.00M $117.00M $131.00M $155.00M $134.00M $126.00M $119.00M $100.00M $84.17M $65.15M $62.33M
Selling General and Administrative Expenses $535.00M $494.00M $469.00M $414.00M $413.00M $439.00M $433.00M $452.00M $472.00M $632.00M $656.00M $721.00M $727.00M $620.00M $546.00M $470.00M $397.00M $342.67M $267.84M $239.93M
Other Expenses $- $9.00M $1.00M $-35.00M $87.00M $-1.00M $-4.00M $3.00M $2.00M $-2.00M $-58.00M $3.00M $-13.00M $-22.00M $3.00M $6.00M $7.00M $6.57M $9.20M $3.08M
Operating Expenses $535.00M $503.00M $469.00M $414.00M $413.00M $439.00M $433.00M $452.00M $472.00M $632.00M $656.00M $721.00M $727.00M $620.00M $546.00M $470.00M $397.00M $342.67M $267.84M $239.93M
Cost and Expenses $3.84B $3.28B $3.32B $3.15B $2.93B $2.46B $2.72B $2.92B $2.74B $3.28B $3.68B $4.21B $3.93B $3.86B $3.50B $3.25B $2.30B $1.93B $1.55B $1.21B
Interest Income $- $- $- $- $- $- $153.00M $155.00M $159.00M $153.00M $153.00M $- $- $- $- $- $- $- $276.00K $20.00M
Interest Expense $139.00M $148.00M $157.00M $173.00M $173.00M $165.00M $153.00M $155.00M $159.00M $153.00M $153.00M $116.00M $64.00M $55.00M $48.00M $43.00M $30.00M $62.48M $20.28M $-
Depreciation and Amortization $- $74.00M $73.00M $76.00M $82.00M $82.00M $87.00M $90.00M $93.00M $82.00M $78.00M $65.00M $37.00M $32.00M $28.00M $24.00M $22.00M $21.71M $19.00M $17.00M
EBITDA $394.00M $378.00M $377.00M $298.00M $303.00M $45.00M $1.01B $50.00M $-36.00M $-1.21B $-277.00M $-257.00M $-405.00M $-94.00M $6.00M $112.00M $-30.00M $-70.52M $21.27M $-69.02M
EBITDA Ratio 9.31% 10.66% 10.31% 8.74% 9.90% 1.86% 36.42% 1.68% -1.38% -42.51% -8.18% -6.62% -11.58% -2.50% 0.17% 3.36% -1.34% -3.86% 1.38% -6.17%
Operating Income $394.00M $260.00M $337.00M $260.00M $135.00M $48.00M $49.00M $-40.00M $-129.00M $-523.00M $-355.00M $-322.00M $-442.00M $-126.00M $-23.00M $82.00M $-59.00M $-98.81M $-6.57M $-89.73M
Operating Income Ratio 9.31% 7.33% 9.22% 7.62% 4.41% 1.98% 1.77% -1.35% -4.95% -18.43% -10.48% -8.29% -12.64% -3.36% -0.66% 2.46% -2.63% -5.41% -0.43% -8.02%
Total Other Income Expenses Net $-19.00M $-104.00M $-190.00M $-211.00M $-87.00M $-202.00M $721.00M $-147.00M $-157.00M $-1.00B $-211.00M $-113.00M $-77.00M $-77.00M $-45.00M $-37.00M $-23.00M $-55.90M $-11.07M $-16.84M
Income Before Tax $375.00M $156.00M $147.00M $49.00M $48.00M $-202.00M $770.00M $-105.00M $-288.00M $-1.44B $-508.00M $-438.00M $-506.00M $-181.00M $-68.00M $45.00M $-82.00M $-154.71M $-17.64M $-106.56M
Income Before Tax Ratio 8.86% 4.40% 4.02% 1.44% 1.57% -8.33% 27.77% -3.54% -11.05% -50.79% -15.00% -11.28% -14.47% -4.82% -1.95% 1.35% -3.65% -8.47% -1.14% -9.53%
Income Tax Expense $2.00M $-3.00M $-1.00M $1.00M $-1.00M $-2.00M $29.00M $-47.00M $-2.00M $153.00M $-225.00M $1.00M $-246.00M $1.00M $-36.00M $23.00M $-46.00M $-93.00K $76.00K $-238.00K
Net Income $216.00M $79.00M $85.00M $18.00M $28.00M $-114.00M $782.00M $-58.00M $-286.00M $-1.59B $-283.00M $-439.00M $-260.00M $-89.00M $-32.00M $22.00M $-36.00M $-63.34M $-7.08M $-40.83M
Net Income Ratio 5.10% 2.23% 2.33% 0.53% 0.91% -4.70% 28.20% -1.95% -10.97% -56.19% -8.36% -11.30% -7.43% -2.37% -0.92% 0.66% -1.60% -3.47% -0.46% -3.65%
EPS $1.61 $0.61 $0.69 $0.15 $0.24 $-1.00 $7.06 $-0.55 $-2.70 $-15.05 $-2.67 $-4.33 $-2.89 $-1.02 $-0.38 $0.27 $-0.46 $-0.87 $-0.10 $-0.62
EPS Diluted $1.51 $0.56 $0.64 $0.14 $0.23 $-1.00 $3.80 $-0.55 $-2.70 $-15.05 $-2.67 $-4.33 $-2.89 $-1.02 $-0.38 $0.12 $-0.46 $-0.87 $-0.10 $-0.62
Weighted Average Shares Outstanding 134.06M 130.16M 123.88M 118.93M 116.30M 114.11M 110.84M 106.22M 106.01M 105.91M 105.86M 101.45M 90.09M 86.94M 84.78M 81.40M 78.10M 73.19M 70.00M 66.13M
Weighted Average Shares Outstanding Diluted 142.59M 139.86M 133.56M 128.47M 212.24M 114.11M 205.96M 106.22M 106.01M 105.91M 105.86M 101.45M 90.09M 86.94M 84.78M 176.01M 78.10M 73.19M 70.00M 66.33M
SEC Filing Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Cash and Cash Equivalents $1.72B $530.00M $434.00M $403.00M $300.81M
Short Term Investments $464.00M $366.00M $321.00M $382.00M $131.27M
Cash and Short Term Investments $2.18B $896.00M $434.00M $403.00M $300.81M
Net Receivables $303.00M $266.00M $253.00M $206.00M $78.56M
Inventory $1.61B $1.15B $1.88B $3.15B $1.04B
Other Current Assets $778.00M $1.01B $2.03B $1.13B $376.35M
Total Current Assets $4.87B $3.32B $4.59B $4.89B $1.92B
Property Plant Equipment Net $3.21B $3.44B $3.78B $1.93B $1.06B
Goodwill $- $- $- $9.00M $9.35M
Intangible Assets $34.00M $52.00M $70.00M $4.00M $5.64M
Goodwill and Intangible Assets $34.00M $52.00M $70.00M $13.00M $15.00M
Long Term Investments $- $- $1.00M $8.00M $3.85M
Tax Assets $- $- $-1.00M $-8.00M $-3.85M
Other Non-Current Assets $368.00M $261.00M $254.00M $181.00M $31.76M
Total Non-Current Assets $3.62B $3.75B $4.10B $2.12B $1.11B
Other Assets $- $- $- $- $-
Total Assets $8.48B $7.07B $8.70B $7.01B $3.03B
Account Payables $236.00M $231.00M $216.00M $141.00M $67.00M
Short Term Debt $376.00M $857.00M $1.74B $2.21B $108.79M
Tax Payables $87.00M $80.00M $76.00M $102.00M $71.50M
Deferred Revenue $- $- $23.00M $34.00M $16.88M
Other Current Liabilities $639.00M $368.00M $565.00M $442.00M $219.84M
Total Current Liabilities $1.34B $1.54B $2.59B $2.89B $467.14M
Long Term Debt $5.77B $5.85B $7.59B $3.93B $1.76B
Deferred Revenue Non-Current $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $-
Other Non-Current Liabilities $101.00M $70.00M $-429.00M $-330.00M $1.41M
Total Non-Current Liabilities $5.77B $5.92B $7.16B $3.60B $1.77B
Other Liabilities $- $- $- $- $-
Total Liabilities $7.11B $7.46B $9.75B $6.49B $2.23B
Preferred Stock $- $- $- $- $-
Common Stock $- $- $- $- $173.00K
Retained Earnings $-1.42B $-1.63B $-2.08B $-489.00M $-354.17M
Accumulated Other Comprehensive Income Loss $- $- $- $- $-
Other Total Stockholders Equity $2.68B $1.87B $1.56B $795.00M $741.60M
Total Stockholders Equity $1.26B $243.00M $-518.00M $306.00M $387.60M
Total Equity $1.38B $-384.00M $-1.05B $525.00M $801.50M
Total Liabilities and Stockholders Equity $8.48B $7.07B $8.70B $7.01B $3.03B
Minority Interest $115.00M $-627.00M $-535.00M $219.00M $413.90M
Total Liabilities and Total Equity $8.48B $7.07B $8.70B $7.01B $3.03B
Total Investments $464.00M $366.00M $322.00M $390.00M $135.13M
Total Debt $6.05B $6.71B $8.82B $5.77B $1.87B
Net Debt $4.33B $6.18B $8.38B $5.37B $1.57B


Balance Sheet Charts

Breakdown March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020
Cash and Cash Equivalents $1.86B $1.72B $871.00M $607.00M $327.00M $530.00M $544.00M $541.00M $488.00M $434.00M $316.00M $1.05B $247.00M $403.00M $297.00M $201.00M $370.00M $300.81M $173.70M $246.30M
Short Term Investments $475.00M $464.00M $463.00M $421.00M $388.00M $366.00M $371.00M $335.00M $312.00M $321.00M $350.00M $401.00M $416.00M $382.00M $312.00M $239.00M $177.00M $131.00M $112.13M $116.56M
Cash and Short Term Investments $2.33B $2.18B $871.00M $1.03B $715.00M $896.00M $544.00M $541.00M $488.00M $434.00M $316.00M $1.05B $247.00M $403.00M $297.00M $201.00M $370.00M $300.81M $173.70M $246.30M
Net Receivables $373.00M $303.00M $367.00M $353.00M $355.00M $266.00M $318.00M $340.00M $342.00M $253.00M $359.00M $428.00M $208.00M $206.00M $178.00M $185.00M $118.00M $78.56M $82.93M $45.54M
Inventory $1.50B $1.61B $1.30B $1.22B $1.16B $1.15B $1.08B $1.30B $1.49B $1.88B $2.58B $2.87B $3.30B $3.15B $2.29B $1.97B $1.44B $1.04B $967.55M $629.40M
Other Current Assets $928.00M $778.00M $1.22B $875.00M $1.46B $1.01B $1.24B $1.73B $2.30B $2.03B $1.22B $1.15B $1.31B $1.13B $930.00M $885.00M $701.00M $376.35M $522.92M $650.24M
Total Current Assets $5.14B $4.87B $3.77B $3.48B $3.23B $3.32B $3.19B $3.91B $4.62B $4.59B $4.47B $5.49B $5.07B $4.89B $3.69B $3.25B $2.63B $1.92B $1.75B $1.57B
Property Plant Equipment Net $3.17B $3.21B $3.28B $3.33B $3.37B $3.44B $3.52B $3.62B $3.71B $3.78B $4.01B $3.92B $2.33B $1.93B $1.61B $1.26B $1.14B $1.06B $941.84M $871.09M
Goodwill $2.00M $- $- $- $- $- $- $- $- $- $847.00M $847.00M $9.00M $9.00M $9.00M $9.00M $9.00M $9.35M $9.35M $9.35M
Intangible Assets $35.00M $34.00M $39.00M $43.00M $48.00M $52.00M $56.00M $61.00M $65.00M $70.00M $76.00M $82.00M $4.00M $4.00M $5.00M $5.00M $5.00M $5.64M $5.99M $6.34M
Goodwill and Intangible Assets $37.00M $34.00M $39.00M $43.00M $48.00M $52.00M $56.00M $61.00M $65.00M $70.00M $923.00M $929.00M $13.00M $13.00M $14.00M $14.00M $14.00M $15.00M $15.34M $15.69M
Long Term Investments $- $- $- $- $- $5.00M $- $2.00M $1.00M $1.00M $1.00M $3.00M $4.00M $8.00M $7.00M $6.00M $7.00M $- $- $-
Tax Assets $- $- $- $- $- $-5.00M $- $-2.00M $-1.00M $-1.00M $-1.00M $-3.00M $-4.00M $-8.00M $-7.00M $-6.00M $-7.00M $- $- $-
Other Non-Current Assets $531.00M $368.00M $286.00M $317.00M $337.00M $261.00M $259.00M $261.00M $251.00M $254.00M $214.00M $162.00M $167.00M $173.00M $43.00M $54.00M $32.00M $31.76M $28.51M $18.55M
Total Non-Current Assets $3.74B $3.62B $3.60B $3.69B $3.75B $3.75B $3.84B $3.94B $4.03B $4.10B $5.15B $5.01B $2.52B $2.12B $1.67B $1.34B $1.19B $1.11B $985.69M $905.32M
Other Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Assets $8.88B $8.48B $7.37B $7.17B $6.98B $7.07B $7.03B $7.85B $8.65B $8.70B $9.62B $10.50B $7.58B $7.01B $5.36B $4.58B $3.82B $3.03B $2.73B $2.48B
Account Payables $204.00M $236.00M $231.00M $275.00M $272.00M $224.00M $250.00M $249.00M $251.00M $216.00M $292.00M $294.00M $154.00M $141.00M $200.00M $154.00M $143.00M $67.00M $96.48M $70.00M
Short Term Debt $372.00M $376.00M $285.00M $376.00M $569.00M $272.00M $288.00M $282.00M $1.90B $1.74B $294.00M $269.00M $2.96B $2.21B $529.00M $751.00M $90.00M $108.79M $192.91M $83.47M
Tax Payables $100.00M $87.00M $87.00M $95.00M $3.00M $80.00M $118.00M $83.00M $80.00M $76.00M $85.00M $100.00M $104.00M $102.00M $136.00M $120.00M $110.00M $71.50M $65.67M $57.65M
Deferred Revenue $57.00M $- $- $49.00M $39.00M $30.00M $31.00M $39.00M $34.00M $23.00M $33.00M $37.00M $37.00M $34.00M $32.00M $23.00M $17.00M $16.88M $17.54M $8.93M
Other Current Liabilities $614.00M $639.00M $556.00M $372.00M $430.00M $960.00M $708.00M $1.53B $615.00M $565.00M $1.21B $1.71B $519.00M $442.00M $787.00M $308.00M $353.00M $219.84M $193.73M $162.14M
Total Current Liabilities $1.35B $1.34B $1.16B $1.12B $1.27B $1.54B $1.40B $2.18B $2.85B $2.59B $1.88B $2.37B $3.74B $2.89B $1.26B $1.33B $696.00M $467.14M $548.79M $373.26M
Long Term Debt $5.67B $5.77B $5.86B $5.70B $5.79B $6.28B $6.21B $7.47B $7.54B $7.59B $7.95B $7.88B $4.23B $3.93B $3.65B $2.63B $2.55B $1.76B $1.22B $1.29B
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $87.00M $101.00M $63.00M $242.00M $226.00M $-363.00M $-373.00M $-398.00M $-421.00M $-429.00M $-585.00M $-615.00M $-442.00M $-330.00M $-255.00M $-149.00M $-146.00M $1.41M $1.50M $-161.63M
Total Non-Current Liabilities $5.76B $5.77B $5.92B $5.94B $6.02B $5.92B $5.83B $7.08B $7.12B $7.16B $7.37B $7.27B $3.79B $3.60B $3.39B $2.48B $2.40B $1.77B $1.22B $1.13B
Other Liabilities $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities $7.11B $7.11B $7.08B $7.05B $7.29B $7.46B $7.23B $9.26B $9.97B $9.75B $9.25B $9.64B $7.53B $6.49B $4.65B $3.81B $3.10B $2.23B $1.77B $1.50B
Preferred Stock $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Common Stock $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $173.00K $172.00K $170.00K
Retained Earnings $-1.20B $-1.42B $-1.50B $-1.58B $-1.60B $-1.63B $-1.51B $-2.29B $-2.24B $-2.08B $-1.27B $-987.00M $-749.00M $-489.00M $-400.00M $-368.00M $-390.00M $-354.17M $-290.84M $-283.75M
Accumulated Other Comprehensive Income Loss $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Total Stockholders Equity $2.70B $2.68B $2.11B $2.11B $1.89B $1.87B $1.85B $1.60B $1.58B $1.56B $1.54B $1.53B $829.00M $795.00M $785.00M $771.00M $755.00M $741.60M $721.17M $709.54M
Total Stockholders Equity $1.50B $1.26B $611.00M $526.00M $289.00M $243.00M $339.00M $-697.00M $-660.00M $-518.00M $274.00M $539.00M $80.00M $306.00M $385.00M $403.00M $365.00M $387.60M $430.51M $425.95M
Total Equity $1.77B $1.38B $286.00M $115.00M $-311.00M $-384.00M $-202.00M $-1.41B $-1.32B $-1.05B $374.00M $864.00M $52.00M $525.00M $708.00M $770.00M $721.00M $801.50M $961.58M $973.08M
Total Liabilities and Stockholders Equity $8.88B $8.48B $7.37B $7.17B $6.98B $7.07B $7.03B $7.85B $8.65B $8.70B $9.62B $10.50B $7.58B $7.01B $5.36B $4.58B $3.82B $3.03B $2.73B $2.48B
Minority Interest $269.00M $115.00M $-325.00M $-411.00M $-600.00M $-627.00M $-541.00M $-709.00M $-662.00M $-535.00M $100.00M $325.00M $-28.00M $219.00M $323.00M $367.00M $356.00M $413.90M $531.07M $547.13M
Total Liabilities and Total Equity $8.88B $8.48B $7.37B $7.17B $6.98B $7.07B $7.03B $7.85B $8.65B $8.70B $9.62B $10.50B $7.58B $7.01B $5.36B $4.58B $3.82B $3.03B $2.73B $2.48B
Total Investments $475.00M $464.00M $463.00M $421.00M $388.00M $366.00M $371.00M $337.00M $313.00M $322.00M $351.00M $404.00M $420.00M $390.00M $319.00M $245.00M $184.00M $131.00M $112.13M $116.56M
Total Debt $6.04B $6.05B $6.14B $6.25B $6.54B $6.71B $6.39B $8.37B $8.95B $8.82B $8.07B $8.57B $6.72B $5.77B $3.92B $3.23B $2.59B $1.87B $1.40B $1.21B
Net Debt $4.18B $4.33B $5.27B $5.64B $6.21B $6.18B $5.84B $7.83B $8.46B $8.38B $7.76B $7.53B $6.48B $5.37B $3.62B $3.03B $2.22B $1.57B $1.23B $966.05M

Annual Cash Flow

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Net Income $404.00M $150.00M $-2.89B $-287.00M $-462.22M
Depreciation and Amortization $305.00M $352.00M $261.00M $105.00M $73.79M
Deferred Income Tax $- $- $- $46.00M $60.77M
Stock Based Compensation $91.00M $73.00M $69.00M $39.00M $25.00M
Change in Working Capital $-177.00M $564.00M $1.39B $-2.08B $-232.94M
Accounts Receivables $-47.00M $-22.00M $145.00M $-148.00M $-42.99M
Inventory $-455.00M $711.00M $1.35B $-2.09B $-263.32M
Accounts Payables $260.00M $-166.00M $-46.00M $247.00M $67.37M
Other Working Capital $- $41.00M $-60.00M $-95.00M $6.01M
Other Non Cash Items $295.00M $-336.00M $-153.00M $-415.00M $-72.91M
Net Cash Provided by Operating Activities $918.00M $803.00M $-1.32B $-2.59B $-608.41M
Investments in Property Plant and Equipment $-91.00M $-87.00M $-512.00M $-557.00M $-360.00M
Acquisitions Net $- $-7.00M $-2.20B $-56.00M $-
Purchases of Investments $- $- $-81.00M $-126.00M $-
Sales Maturities of Investments $- $- $81.00M $56.00M $13.88M
Other Investing Activities $78.00M $125.00M $125.00M $56.00M $199.00K
Net Cash Used for Investing Activities $-13.00M $31.00M $-2.58B $-627.00M $-345.93M
Debt Repayment $-987.00M $-1.24B $2.68B $3.59B $123.78M
Common Stock Issued $1.26B $453.00M $1.23B $- $1.06B
Common Stock Repurchased $- $- $- $-40.00M $-
Dividends Paid $- $- $- $- $-
Other Financing Activities $-19.00M $-84.00M $-4.00M $-62.00M $-17.79M
Net Cash Used Provided by Financing Activities $261.00M $-868.00M $3.90B $3.53B $1.16B
Effect of Forex Changes on Cash $- $- $- $- $-
Net Change in Cash $1.17B $-34.00M $-8.00M $307.00M $210.65M
Cash at End of Period $1.76B $594.00M $628.00M $636.00M $329.11M
Cash at Beginning of Period $594.00M $628.00M $636.00M $329.00M $118.46M
Operating Cash Flow $918.00M $803.00M $-1.32B $-2.59B $-608.41M
Capital Expenditure $-91.00M $-87.00M $-512.00M $-557.00M $-360.00M
Free Cash Flow $827.00M $716.00M $-1.84B $-3.15B $-968.41M

Cash Flow Charts

Breakdown March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020
Net Income $373.00M $159.00M $148.00M $18.00M $28.00M $-200.00M $741.00M $-105.00M $-286.00M $-1.44B $-508.00M $-439.00M $-506.00M $-182.00M $-68.00M $45.00M $-82.00M $-154.62M $-17.72M $-106.33M
Depreciation and Amortization $73.00M $74.00M $73.00M $76.00M $82.00M $82.00M $87.00M $90.00M $93.00M $82.00M $78.00M $64.00M $37.00M $33.00M $26.00M $24.00M $22.00M $21.71M $18.64M $17.63M
Deferred Income Tax $- $- $- $- $- $-44.00M $29.00M $15.00M $- $- $- $- $- $29.00M $10.00M $6.00M $1.00M $44.31M $4.20M $6.90M
Stock Based Compensation $23.00M $22.00M $24.00M $23.00M $22.00M $21.00M $18.00M $19.00M $15.00M $12.00M $15.00M $14.00M $28.00M $11.00M $10.00M $10.00M $8.00M $7.08M $5.85M $6.22M
Change in Working Capital $28.00M $-84.00M $-103.00M $8.00M $2.00M $-93.00M $203.00M $57.00M $397.00M $596.00M $358.00M $495.00M $-56.00M $-978.00M $-225.00M $-563.00M $-316.00M $-88.30M $-313.57M $237.59M
Accounts Receivables $-68.00M $58.00M $-17.00M $-1.00M $-87.00M $51.00M $13.00M $5.00M $-91.00M $105.00M $69.00M $-24.00M $-5.00M $-37.00M $- $-70.00M $-41.00M $2.58M $-38.53M $-20.04M
Inventory $114.00M $-301.00M $-84.00M $-56.00M $-14.00M $-66.00M $213.00M $179.00M $385.00M $716.00M $305.00M $466.00M $-133.00M $-856.00M $-304.00M $-529.00M $-397.00M $-65.36M $-335.19M $217.24M
Accounts Payables $- $- $26.00M $36.00M $109.00M $-267.00M $-60.00M $-125.00M $101.00M $-46.00M $33.00M $5.00M $117.00M $96.00M $103.00M $65.00M $151.00M $94.18M $58.76M $37.96M
Other Working Capital $-18.00M $159.00M $-28.00M $29.00M $-6.00M $189.00M $37.00M $-2.00M $-395.00M $-179.00M $-49.00M $48.00M $-35.00M $-181.00M $79.00M $36.00M $-29.00M $-119.70M $1.38M $2.43M
Other Non Cash Items $-265.00M $-111.00M $261.00M $425.00M $145.00M $-5.00M $-479.00M $433.00M $-285.00M $12.00M $-41.00M $-28.00M $-96.00M $-85.00M $-36.00M $-129.00M $-165.00M $8.11M $31.33M $-168.98M
Net Cash Provided by Operating Activities $232.00M $60.00M $403.00M $354.00M $101.00M $-239.00M $599.00M $509.00M $-66.00M $-739.00M $-98.00M $106.00M $-593.00M $-1.17B $-283.00M $-607.00M $-532.00M $-161.71M $-271.28M $-6.96M
Investments in Property Plant and Equipment $-27.00M $-24.00M $-27.00M $-22.00M $-18.00M $-18.00M $-19.00M $-18.00M $-32.00M $-61.00M $-90.00M $-141.00M $-220.00M $-167.00M $-196.00M $-112.00M $-82.00M $-90.00M $-99.00M $-81.00M
Acquisitions Net $-24.00M $- $1.00M $3.00M $5.00M $14.00M $25.00M $21.00M $-7.00M $-7.00M $- $-2.19B $- $- $- $- $- $- $- $-
Purchases of Investments $- $- $- $- $- $-27.00M $-35.00M $-43.00M $-8.00M $-9.00M $- $-13.00M $- $-126.00M $- $- $- $- $- $-
Sales Maturities of Investments $- $- $- $21.00M $20.00M $13.00M $10.00M $22.00M $8.00M $9.00M $47.00M $13.00M $12.00M $18.00M $18.00M $13.00M $7.00M $- $- $-
Other Investing Activities $16.00M $17.00M $11.00M $21.00M $20.00M $27.00M $35.00M $43.00M $20.00M $53.00M $47.00M $13.00M $12.00M $18.00M $18.00M $13.00M $7.00M $5.09M $4.91M $3.14M
Net Cash Used for Investing Activities $-35.00M $-7.00M $-15.00M $2.00M $7.00M $9.00M $16.00M $25.00M $-19.00M $-15.00M $-43.00M $-2.32B $-208.00M $-275.00M $-178.00M $-99.00M $-75.00M $-84.22M $-94.52M $-78.48M
Debt Repayment $-34.00M $-128.00M $-61.00M $-424.00M $-374.00M $228.00M $-1.12B $-549.00M $151.00M $905.00M $-579.00M $1.70B $717.00M $1.70B $573.00M $612.00M $709.00M $410.40M $205.00M $-751.79M
Common Stock Issued $- $917.00M $-3.00M $350.00M $- $- $453.00M $- $- $1.23B $4.00M $1.23B $2.00M $- $- $- $- $1.06B $- $-
Common Stock Repurchased $- $- $48.00M $- $-75.00M $-3.00M $- $-2.00M $- $80.00M $-1.00M $5.00M $-12.00M $-15.00M $-8.00M $-8.00M $-9.00M $-14.00M $-3.00M $-4.00M
Dividends Paid $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Financing Activities $-19.00M $-14.00M $-2.00M $-2.00M $-1.00M $-20.00M $-10.00M $-2.00M $- $- $- $1.17B $-12.00M $-17.00M $-18.00M $-11.00M $-16.00M $-31.68M $-9.00M $-3.13M
Net Cash Used Provided by Financing Activities $-53.00M $775.00M $-63.00M $-76.00M $-375.00M $208.00M $-676.00M $-551.00M $151.00M $905.00M $-579.00M $2.87B $707.00M $1.68B $555.00M $601.00M $693.00M $378.72M $195.84M $306.69M
Effect of Forex Changes on Cash $- $- $- $- $- $-923.00M $891.00M $32.00M $- $- $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $144.00M $828.00M $325.00M $280.00M $-267.00M $-22.00M $-61.00M $-17.00M $66.00M $151.00M $-720.00M $655.00M $-94.00M $232.00M $94.00M $-105.00M $86.00M $132.79M $-169.96M $221.25M
Cash at End of Period $1.90B $1.76B $932.00M $607.00M $327.00M $594.00M $616.00M $677.00M $694.00M $628.00M $477.00M $1.20B $542.00M $636.00M $404.00M $310.00M $415.00M $329.11M $196.32M $366.29M
Cash at Beginning of Period $1.76B $932.00M $607.00M $327.00M $594.00M $616.00M $677.00M $694.00M $628.00M $477.00M $1.20B $542.00M $636.00M $404.00M $310.00M $415.00M $329.00M $196.32M $366.29M $145.03M
Operating Cash Flow $232.00M $60.00M $403.00M $354.00M $101.00M $-239.00M $599.00M $509.00M $-66.00M $-739.00M $-98.00M $106.00M $-593.00M $-1.17B $-283.00M $-607.00M $-532.00M $-161.71M $-271.28M $-6.96M
Capital Expenditure $-27.00M $-24.00M $-27.00M $-22.00M $-18.00M $-18.00M $-19.00M $-18.00M $-32.00M $-61.00M $-90.00M $-141.00M $-220.00M $-167.00M $-196.00M $-112.00M $-82.00M $-90.00M $-99.00M $-81.00M
Free Cash Flow $205.00M $36.00M $376.00M $332.00M $83.00M $-257.00M $580.00M $491.00M $-98.00M $-800.00M $-188.00M $-35.00M $-813.00M $-1.34B $-479.00M $-719.00M $-614.00M $-251.71M $-370.28M $-87.96M

Carvana Co. (CVNA)

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.

Consumer Cyclical Specialty Retail

$302.32

Stock Price

$64.74B

Market Cap

17.40K

Employees

Tempe, AZ

Location

Revenue (FY 2024)

$13.67B

26.9% YoY

Net Income (FY 2024)

$210.00M

-53.3% YoY

EPS (FY 2024)

$1.59

-29.0% YoY

Free Cash Flow (FY 2024)

$827.00M

15.5% YoY

Profitability

Gross Margin

21.0%

Net Margin

1.5%

ROE

16.7%

ROA

2.5%

Valuation

P/E Ratio

118.48

P/S Ratio

1.82

EV/EBITDA

21.54

Market Cap

$64.74B

Revenue & Net Income

Profit Margins

Cash Flow Summary

Operating Cash Flow

$918.00M

14.3% YoY

Free Cash Flow

$827.00M

15.5% YoY

Balance Sheet Summary

Total Assets

$8.48B

20.0% YoY

Total Debt

$6.05B

9.8% YoY

Shareholder Equity

$1.26B

420.0% YoY

Dividend Overview

No Dividend Data

Carvana Co. doesn't currently pay dividends.

Carvana Dividends

Explore Carvana's dividend history, including dividend yield, payout ratio, and historical payments.

Carvana does not currently pay a dividend.

Carvana News

Read the latest news about Carvana, including recent articles, headlines, and updates.

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Carvana, a Used Car Retailer, Thinks Tariffs Could be Good for Business

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2025-05-13
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How well is Carvana positioned to withstand Trump's 2025 tariffs?

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Carvana CEO Ernie Garcia on the tariff impact on the used car market

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2025-05-08
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Carvana shares jump after blowout Q1 showing record profit

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Carvana Analysts Boost Their Forecasts After Upbeat Q1 Results

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Carvana Co. (CVNA) Q1 2025 Earnings Call Transcript

Carvana Co. (NYSE:CVNA ) Q1 2025 Results Conference Call May 7, 2025 5:30 PM ET Company Participants Meg Kehan - Investor Relations Ernie Garcia - Chief Executive Officer Mark Jenkins - Chief Financial Officer Conference Call Participants Ron Josey - Citi Brian Nagel - Oppenheimer Rajat Gupta - JPMorgan Chris Bottiglieri - BNP Paribas Sharon Zackfia - William Blair Michael Montani - Evercore ISI Jeff Lick - Stephens Inc Daniela Haigian - Morgan Stanley Marvin Fong - BTIG Alex Potter - Piper Sandler Michael McGovern - Bank of America John Colantuoni - Jefferies Operator Good day, and welcome to Carvana's First Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode.

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Carvana's record quarterly results top Wall Street expectations

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2025-05-07
cnbc.com

Carvana Announces Record First Quarter 2025 Results

PHOENIX--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2025. Carvana's complete first quarter 2025 financial results and management commentary are available in the company's shareholder letter on the quarterly results page of its Investor Relations website. “In Q1, Carvana set a new record for retail units while also driving record profitability and hitting our highes.

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2025-05-07
businesswire.com

Options Corner: CVNA "Roller Coaster" Trade

Ahead of Carvana (CVNA) earnings, Rick Ducat says the chart looks "more like a roller coaster" since its inception. He points to the ascending triangle formation leading to an interesting set-up ahead of its quarterly report.

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2025-05-07
youtube.com

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