Stocks Consumer discretionary CVNA
NYSE · Consumer discretionaryCarvana Co. (CVNA)
Carvana Co. brought in $27.5B of revenue over the twelve months to September 30, 2026, up 50.3% from a year earlier. Net income was $1.7B, a net margin of 6.2%. Operating cash flow minus capital spending left $889M of free cash flow in fiscal 2025. At September 30, 2026 it held $3B in cash against $5.2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about Carvana Co.
- Net worth
- Carvana Co. has a market value (market cap) of $80.4B at the latest share price, and shareholders' equity of $4.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $20.3B (+48.6% year on year), with net income of $1.4B. Over the 12 months to September 30, 2026: revenue $27.5B, net income $1.7B.
- Cash flow
- In fiscal 2025 operations brought in $1B of cash; after $147M of capital spending, free cash flow was $889M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Carvana Co.'s next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Carvana Co. does
Carvana is an online retail platform for buying and selling used cars. Consumers can browse vehicle inventory, secure auto financing, trade in or sell vehicles, and arrange home delivery or pickup from multi-story automated car vending machines. Its shares trade on NYSE under the ticker CVNA.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $20.3B | $1.4B | $8.45 | $889M |
| 2024 | $13.7B | $210M | $1.59 | $827M |
| 2023 | $10.8B | $450M | $0.75 | $716M |
| 2022 | $13.6B | -$1.6B | -$15.74 | -$1.8B |
| 2021 | $12.8B | -$135M | -$1.63 | -$3.2B |
| 2020 | $5.6B | -$171M | -$2.63 | -$968M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CVNA ranks in Consumer discretionary
Dividends
It paid out $4.6M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2018 | n/a | $4.6M | n/a |
| 2017 | n/a | $0 | n/a |
| 2017 | n/a | $0 | n/a |
| 2015 | n/a | $33.5M | n/a |
Latest SEC filings
What Carvana Co. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 3, 2026Activist stake changed SCHEDULE 13D/A
- October 28, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 42% to $8B versus the same quarter last year; net income rose 91% to $289M.
- October 28, 2026
- August 14, 2026
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 52% to $7.4B versus the same quarter last year; net income rose 69% to $310M.
- July 29, 2026
- July 29, 2026Passive stake changed SCHEDULE 13G/A
- May 14, 2026Passive stake (5% or more) SCHEDULE 13G
- May 8, 2026Form S-8 POS filing S-8 POS
What is CVNA worth? A DCF from its reported cash flow
Insider trades
What the people running Carvana Co. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $45.7M worth of shares in the last 90 days and bought none on the open market. 44% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Platt Ira J.Director | Exercised options | 15,000 | $45K |
| November 4, 2026 | Platt Ira J.Director | Sold | 15,000 | $1.1M |
| November 4, 2026 | Platt Ira J.Director | Exercised options | 14,640 | $43.9K |
| November 4, 2026 | Platt Ira J.Director | Sold | 14,640 | $1.1M |
| November 3, 2026 | Gill Daniel J.Chief Product Officer | Sold | 253,639 | $18.1M |
| November 3, 2026 | Platt Ira J.Director | Exercised options | 15,000 | $45K |
| November 3, 2026 | Platt Ira J.Director | Sold | 15,000 | $1.1M |
| November 3, 2026 | Platt Ira J.Director | Exercised options | 15,000 | $45K |
Who owns CVNA
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Carvana Group, LLC13D, may seek influence with 2 related filers | 41.5% | February 28, 2025 |
| Ernest C. Garcia II13D, may seek influence with 2 related filers | 22.7% | November 3, 2026 |
| Ernest C. Garcia, III13G, passive | 18.2% | August 1, 2025 |
| T. Rowe Price Associates, Inc.13G, passive | 12.6% | February 17, 2026 |
| Capital Research Global Investors13G, passive | 8.9% | August 12, 2026 |
| Vanguard Capital Management13G, passive | 7.25% | April 29, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.2% | May 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 814 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital Research Global Investors | 63,423,386 | +52,572,881 |
| BlackRock, Inc. | 48,494,910 | +36,962,753 |
| Vanguard Capital Management LLC | 45,590,117 | +36,596,089 |
| Fmr LLC | 33,604,708 | +26,157,893 |
| Vanguard Portfolio Management LLC | 32,154,471 | +25,807,104 |
| State Street Corp | 29,435,364 | +23,742,422 |
| Capital International Investors | 23,257,742 | +19,929,759 |
| CAS Investment Partners, LLC | 22,559,570 | +18,018,279 |
| Greenoaks LLC | 21,344,170 | +17,141,336 |
| Geode Capital Management, LLC | 16,653,349 | +12,740,582 |
| Capital World Investors | 14,200,258 | +11,594,873 |
| Viking Global Investors LP | 12,322,311 | +9,542,276 |
| Spruce House Investment Management LLC | 11,675,000 | +9,340,000 |
| Lone Pine Capital LLC | 10,520,666 | +8,765,957 |
| Lingotto Investment Management LLP | 9,283,819 | +6,735,742 |
| Sands Capital Management, LLC | 8,462,945 | +6,345,697 |
| Jpmorgan Chase & Co | 8,617,436 | +6,080,634 |
| Invesco Ltd. | 7,616,853 | +6,550,240 |
| KPS Global Asset Management UK Ltd | 7,500,000 | +6,000,000 |
| Durable Capital Partners LP | 6,720,882 | +5,725,141 |
Insiders
13 insiders reported holding 9,665,840 shares in total, about $705.8M at the last price.
| Holder | Shares |
|---|---|
| Garcia Ernest C. IIIChief Executive Officer, Director, 10% owner | 4,702,660 |
| Jenkins Mark W.Chief Financial Officer | 1,135,486 |
| Gill Daniel J.Chief Product Officer | 773,548 |
| Maroone Michael EDirector | 749,309264 held indirectly |
| Huston Benjamin E.Chief Operating Officer | 464,661 |
| Keeton Ryan S.Chief Brand Officer | 423,746 |
| Breaux Paul W.See Remarks | 417,579 |
| Taira ThomasPresident, Special Projects | 353,493 |
| Quayle J DanforthDirector | 214,960 |
| Platt Ira J.Director | 206,89520,425 held indirectly |
Questions about CVNA
What does Carvana Co. do?
Carvana is an online retail platform for buying and selling used cars. Consumers can browse vehicle inventory, secure auto financing, trade in or sell vehicles, and arrange home delivery or pickup from multi-story automated car vending machines. Its shares trade on NYSE under the ticker CVNA.
What is Carvana Co.'s net worth?
Carvana Co. has a market value (market cap) of $80.4B at the latest share price, and shareholders' equity of $4.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Carvana Co. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.7B on revenue of $27.5B, a net margin of 6.2%.
How much revenue does Carvana Co. make?
Over the twelve months to September 30, 2026 Carvana Co. reported revenue of $27.5B. That is 50.3% more than a year earlier.
When did Carvana Co. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Carvana Co.'s next earnings report?
Carvana Co.'s next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Carvana Co. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.