# Carvana Co.: overview

CVNA · NYSE · CIK 1690820 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cvna.md) · [Financials](/companies/cvna/financials.md) · [Filings](/companies/cvna/filings.md) · [Insiders](/companies/cvna/insiders.md)

Latest reported revenue: [$7.38bn](/filings/0001690820-26-000055.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001690820-26-000055).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,655](/filings/0001690820-25-000353.md) | [3,547 d](/filings/0001690820-26-000009.md) | [4,232](/filings/0001690820-26-000035.md) | [4,840](/filings/0001690820-26-000055.md) | [5,647](/filings/0001690820-25-000353.md) | [5,603 d](/filings/0001690820-26-000009.md) | [6,432](/filings/0001690820-26-000035.md) | [7,376](/filings/0001690820-26-000055.md) |
| Gross margin | % | [22.1%](/filings/0001690820-25-000353.md) | [21.5% d](/filings/0001690820-26-000009.md) | [22.0%](/filings/0001690820-26-000035.md) | [22.0%](/filings/0001690820-26-000055.md) | [20.3%](/filings/0001690820-25-000353.md) | [18.8% d](/filings/0001690820-26-000009.md) | [19.8%](/filings/0001690820-26-000035.md) | [18.8%](/filings/0001690820-26-000055.md) |
| Operating margin | % | [9.2%](/filings/0001690820-25-000353.md) | [7.3% d](/filings/0001690820-26-000009.md) | [9.3%](/filings/0001690820-26-000035.md) | [10.6%](/filings/0001690820-26-000055.md) | [9.8%](/filings/0001690820-25-000353.md) | [7.6% d](/filings/0001690820-26-000009.md) | [9.0%](/filings/0001690820-26-000035.md) | [9.2%](/filings/0001690820-26-000055.md) |
| Net margin | % | [2.3%](/filings/0001690820-25-000353.md) | [2.2% d](/filings/0001690820-26-000009.md) | [5.1%](/filings/0001690820-26-000035.md) | [3.8%](/filings/0001690820-26-000055.md) | [2.7%](/filings/0001690820-25-000353.md) | [15.3% d](/filings/0001690820-26-000009.md) | [3.9%](/filings/0001690820-26-000035.md) | [4.2%](/filings/0001690820-26-000055.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [376 d](/filings/0001690820-25-000353.md) | [36.0 d](/filings/0001690820-26-000009.md) | [205](/filings/0001690820-26-000035.md) | [(2.0) d](/filings/0001690820-26-000055.md) | [307 d](/filings/0001690820-25-000353.md) | [379 d](/filings/0001690820-26-000009.md) | [56.0](/filings/0001690820-26-000035.md) | [187 d](/filings/0001690820-26-000055.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [12.8](/filings/0001690820-24-000093.md) | [13.6](/filings/0001690820-25-000074.md) | [10.8](/filings/0001690820-26-000009.md) | [13.7](/filings/0001690820-26-000009.md) | [20.3](/filings/0001690820-26-000009.md) |
| Gross margin | % | [15.1%](/filings/0001690820-24-000093.md) | [9.2%](/filings/0001690820-25-000074.md) | [16.0%](/filings/0001690820-26-000009.md) | [21.0%](/filings/0001690820-26-000009.md) | [20.6%](/filings/0001690820-26-000009.md) |
| Operating margin | % | not reported | [(17.3%)](/filings/0001690820-25-000074.md) | [(0.7%)](/filings/0001690820-26-000009.md) | [7.2%](/filings/0001690820-26-000009.md) | [9.3%](/filings/0001690820-26-000009.md) |
| Net margin | % | [(1.1%)](/filings/0001690820-24-000093.md) | [(11.7%)](/filings/0001690820-25-000074.md) | [4.2%](/filings/0001690820-26-000009.md) | [1.5%](/filings/0001690820-26-000009.md) | [6.9%](/filings/0001690820-26-000009.md) |
| Diluted EPS | $ per share | [(1.63)](/filings/0001690820-24-000093.md) | [(15.74)](/filings/0001690820-25-000074.md) | [0.75](/filings/0001690820-26-000009.md) | [1.59](/filings/0001690820-26-000009.md) | [8.45](/filings/0001690820-26-000009.md) |
| Free cash flow | $bn | [(3.2)](/filings/0001690820-24-000093.md) | [(1.8)](/filings/0001690820-25-000074.md) | [0.7](/filings/0001690820-26-000009.md) | [0.8](/filings/0001690820-26-000009.md) | [0.9](/filings/0001690820-26-000009.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Operating income: us-gaap:OperatingIncomeLoss.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cvna/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $4.17bn | 63,423,386 |  | Added +52,572,881 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $3.19bn | 48,494,910 |  | Added +36,962,753 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $3.00bn | 45,590,117 |  | Added +36,596,089 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $2.21bn | 33,604,708 |  | Added +26,157,893 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $2.12bn | 32,154,471 |  | Added +25,807,104 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.94bn | 29,435,364 |  | Added +23,742,422 |
| [CITIGROUP INC](/funds/831001.md) | 2026-06-30 | $1.65bn | 25,002,200 | Put | Added +18,999,200 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $1.53bn | 23,257,742 |  | Added +19,929,759 |
| [CAS Investment Partners, LLC](/funds/1697591.md) | 2026-06-30 | $1.48bn | 22,559,570 |  | Added +18,018,279 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $1.43bn | 21,653,200 | Call | Added +18,877,600 |

## Recent filings

[All 2,326 filings](/companies/cvna/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-28 | 16:11 ET | [10-Q](/filings/0001690820-26-000067.md) | Quarterly report, period 2026-09-30 | 0001690820-26-000067 |
| 2026-10-28 | 16:05 ET | [8-K](/filings/0001690820-26-000066.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001690820-26-000066 |
| 2026-08-14 | 16:55 ET | [8-K](/filings/0001690820-26-000059.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001690820-26-000059 |
| 2026-07-29 | 16:11 ET | [10-Q](/filings/0001690820-26-000055.md) | Quarterly report, period 2026-06-30 | 0001690820-26-000055 |
| 2026-07-29 | 16:05 ET | [8-K](/filings/0001690820-26-000054.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001690820-26-000054 |
| 2026-05-06 | 16:48 ET | [8-K](/filings/0001690820-26-000039.md) | 5.02 Departure or appointment of officers or directors; 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001690820-26-000039 |
| 2026-05-01 | 18:37 ET | [SCHEDULE 13D/A](/filings/0001193125-26-201879.md) | Ownership report, active investor, amended | 0001193125-26-201879 |
| 2026-04-29 | 16:11 ET | [10-Q](/filings/0001690820-26-000035.md) | Quarterly report, period 2026-03-31 | 0001690820-26-000035 |
| 2026-04-29 | 16:05 ET | [8-K](/filings/0001690820-26-000034.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001690820-26-000034 |
| 2026-03-25 | 16:18 ET | [DEF 14A](/filings/0001690820-26-000024.md) | Proxy statement, period 2025-12-31 | 0001690820-26-000024 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001690820-26-000009.md), filed Feb 18, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/36e47262-c924-4189-9a0b-92014fe1fd5b)

## About the filer

- CIK: 1690820
- Tickers: CVNA
- Exchange: NYSE
- SIC code: 5500 Retail-Auto Dealers & Gasoline Stations
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 16:14 ET. No prices; not investment advice.