Carvana Co. (CVNA) Stock Price & Analysis
Carvana Co. (CVNA) closed at USD 58.72 on Thursday, October 22, 2026, down 0.79% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 59.19; the Oct 22, 2026 session ranged USD 58.44–59.96 on volume of 7,989,399 shares. Market capitalization is $65.09B, with a 52-week range of USD 54.46–97.38 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CVNA.md
Key facts (CVNA)
- Last four reported quarters (through Jun 30, 2026): revenue $25.1B, net income $1.57B (6.3% margin), free cash flow $929M (SEC filings).
- Valuation: P/E 41.5x (avg 73.0x at the last 3 fiscal year-ends), net debt $2.54B.
- 7 of 80 tracked superinvestors hold CVNA (13F, Q2 2026): 0 new, 7 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.13 on a 1–5 scale) (24 analysts), mean target USD 82.19 (range 60–120).
- Total return with dividends: 1Y -14.2% vs S&P 500 +14.9%; 5Y -1.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 0.44, revenue estimate $7.67B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CVNA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $12.8B | $13.6B | $10.8B | $13.7B | $20.3B | $25.1B |
| Gross profit | $1.93B | $1.25B | $1.72B | $2.88B | $4.19B | — |
| Operating income | — | -$2.35B | -$80.0M | $990M | $1.88B | $2.24B |
| Net income | -$135M | -$1.59B | $450M | $210M | $1.41B | $1.57B |
| EPS (diluted) | -$0.33 | -$3.15 | $0.15 | $0.32 | $1.69 | — |
| Free cash flow | -$3.15B | -$1.84B | $716M | $827M | $889M | $929M |
| Gross margin | 15.1% | 9.2% | 16.0% | 21.0% | 20.6% | — |
| Operating margin | — | -17.3% | -0.7% | 7.2% | 9.3% | 8.9% |
| Net margin | -1.1% | -11.7% | 4.2% | 1.5% | 6.9% | 6.3% |
| Revenue growth | +129.4% | +6.2% | -20.8% | +26.9% | +48.6% | — |
| Cash + short-term investments | $403M | $434M | $530M | $1.72B | $2.33B | — |
| Total debt | $5.36B | $8.21B | $6.19B | $5.56B | $5.04B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CVNA)
P/E 41.5x · P/S 2.6x · EV/Sales 2.7x · P/FCF 70.1x · P/B 16.2x · FCF yield 1.43% · Earnings yield 2.41% · Net debt $2.54B · EV $67.6B
P/E at fiscal year-ends: Dec 2025 67.3x, Dec 2024 128.0x, Dec 2023 23.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (CVNA)
7 of 80 tracked investors hold CVNA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Clifford Sosin | CAS Investment Partners | 78.85% | $1.48B | Added +396.8% |
| Robert Vinall | RV Capital GmbH | 30.31% | $116M | Added +367.4% |
| Henry Ellenbogen | Durable Capital Partners | 4.30% | $442M | Added +575.0% |
| Stephen Mandel | Lone Pine Capital | 4.23% | $692M | Added +499.6% |
| Viking Global | Viking Global Investors | 2.31% | $811M | Added +343.2% |
| Lee Ainslie | Maverick Capital | 1.57% | $174M | Added +527.8% |
| Polen Capital | Polen Capital Management | 0.02% | $2.5M | Added +410.4% |
Analysts (CVNA)
Consensus Buy (mean 2.13 on a 1–5 scale), 24 analysts; mean target USD 82.19 (low 60, high 120).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Morgan Stanley | Target lowered | Overweight | $90 → $88 |
| 2026-10-09 | BTIG | Reiterated | Buy | $87 |
| 2026-10-06 | Stephens & Co. | Target lowered | Overweight | $91.5 → $83 |
| 2026-10-06 | Barclays | Target lowered | Overweight | $93 → $80 |
| 2026-09-30 | Oppenheimer | Maintained | Outperform | $450 → $90 |
| 2026-08-04 | BTIG | Reiterated | Buy | $87 |
| 2026-07-31 | Citigroup | Target lowered | Buy | $93 → $90 |
| 2026-07-31 | Barclays | Target lowered | Overweight | $94 → $93 |
| 2026-07-30 | BNP Paribas | Target lowered | Neutral | $86 → $69 |
| 2026-07-30 | RBC Capital | Target lowered | Outperform | $85 → $82 |
| 2026-07-30 | Evercore ISI Group | Target lowered | In-Line | $86 → $75 |
| 2026-07-30 | Citizens | Target lowered | Market Outperform | $103 → $83 |
Total return (dividends reinvested) (CVNA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.2% | -1.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.2% | -0.3% |
| Volatility (annualized) | 61.6% | 106.0% |
| Max drawdown | -41.2% (Jan 2026→Mar 2026) | -98.7% (Oct 2021→Dec 2022) |
CVNA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Retail vehicle sales, net | $5.51B | 74.7% | +61.7% |
| Wholesale sales and revenues | $1.34B | 18.2% | +31.2% |
| Other sales and revenues | $526.0M | 7.1% | +28.0% |
| Total revenue | $7.38B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CVNA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Root, Inc. (ROOT) | “We generate other sales and revenues primarily through the sales of loans we originate and sell in securitization transactions or to financing partners, reported net of a reserve for expected repurchases, commissions we receive on VSCs, sales of GAP waiver coverage, and auto insurance, including Root Warrants we receive on sales of auto insurance.” |
| Partner | Moelis & Co (MC) | “On July 19, 2023, the Company entered into an agreement (the "Distribution Agreement") to establish an ATM Program, and on July 31, 2024, the Company refreshed the ATM Program by entering into an Amended and Restated Distribution Agreement with Barclays Capital Inc., Citigroup Global Markets Inc., Moelis & Company LLC, and Virtu Americas LLC.” |
| Competitor | Amazon (AMZN) | “•internet and online automotive sites, such as Amazon, Autobytel, AutoTrader, Cars, Carfax, CarGurus, eBay Motors, Edmunds, Google, KBB, and TrueCar;” |
| Competitor | Alphabet (Google) (GOOGL) | “•internet and online automotive sites, such as Amazon, Autobytel, AutoTrader, Cars, Carfax, CarGurus, eBay Motors, Edmunds, Google, KBB, and TrueCar;” |
| Competitor | Costco (COST) | “•providers of offline, membership-based car-buying services such as the Costco Auto Program;” |
| Competitor | Ford (F) | “•automobile manufacturers such as Ford, General Motors, Toyota, Volkswagen, Tesla, Rivian, and Lucid; and” |
| Competitor | General Motors (GM) | “•automobile manufacturers such as Ford, General Motors, Toyota, Volkswagen, Tesla, Rivian, and Lucid; and” |
| Competitor | Toyota (TM) | “•automobile manufacturers such as Ford, General Motors, Toyota, Volkswagen, Tesla, Rivian, and Lucid; and” |
| Competitor | Tesla (TSLA) | “•automobile manufacturers such as Ford, General Motors, Toyota, Volkswagen, Tesla, Rivian, and Lucid; and” |
Quoted from the company's 10-K filed Feb 18, 2026.
Companies that name CVNA in their SEC reports
| Relationship to CVNA | Company | Filing | Sentence |
|---|---|---|---|
| partner | Root, Inc. (ROOT) | 10-K Feb 25, 2026 | “These arrangements involve varying degrees of integration, including our fully integrated embedded product utilized with some partners, such as Carvana.” |
CVNA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.44 | $0.45 | -3.4% | $7.67B | 11 |
| Next quarter (ends Dec 2026) | $0.37 | $0.35 | +3.8% | $7.53B | 11 |
| Current fiscal year (ends Dec 2026) | $1.56 | $1.48 | +5.4% | $29.05B | 12 |
| Next fiscal year (ends Dec 2027) | $2.26 | $2.10 | +7.5% | $36.52B | 14 |
CVNA options: expected move
Options price a move of about ±13.4% (±$7.83) by Oct 30, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±11% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 112.4% | ±13.4% |
| Nov 6, 2026 | 14 | 96.5% | ±15.6% |
| Nov 13, 2026 | 21 | 79.4% | ±15.6% |
| Nov 20, 2026 | 28 | 78.0% | ±17.8% |
| Nov 27, 2026 | 35 | 80.1% | ±20.1% |
| Dec 4, 2026 | 42 | 73.4% | ±20.2% |
| Dec 18, 2026 | 56 | 67.8% | ±21.3% |
| Jan 15, 2027 | 84 | 64.8% | ±24.8% |
30-day implied volatility 76.8% vs 47.2% realized over the last 30 trading days. Put/call ratio (volume) 1. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:22 UTC)
| Price | USD 58.72 |
|---|---|
| Change | ▼ 0.79% (down) |
| Previous Close | USD 59.19 |
| Open | USD 58.75 |
| Day Range | USD 58.44 – 59.96 |
| 52-Week Range | USD 54.46 – 97.38 |
| Volume | 7,989,399 shares |
| Market Cap | $65.09B |
| Exchange | NYQ |
Technical Analysis (CVNA)
Nexqual's technical model rates CVNA "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:22 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 35.55 (neutral) |
| vs SMA50 | Below (USD 66.93) |
| MACD | -2.16 (negative) |
Analyst Ratings (CVNA)
Wall Street analysts rate CVNA "Buy" based on 24 analysts, with a mean price target of USD 82.19 (range USD 60–120), per Nexqual as of October 23, 2026 at 11:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 82.19 |
| High Target | USD 120 |
| Low Target | USD 60 |
| Buy / Hold / Sell | 16 / 7 / 1 |
Earnings (CVNA)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.47 |
| Revenue Estimate | $7.67B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.42 vs est 0.38 ▲ beat |
| 2026-03-31 | USD 0.34 vs est 0.3 ▲ beat |
| 2025-12-31 | USD 0.84 vs est 0.24 ▲ beat |
| 2025-09-30 | USD 0.21 vs est 0.26 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
Financials & Fundamentals (CVNA)
| Total Revenue | $25.06B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +52.40% |
| Gross Margin | +19.37% |
| Operating Margin | +9.22% |
| Profit Margin | +6.26% |
| ROE | +58.77% |
| Debt / Equity | 1.11 |
| Current Ratio | 3.93 |
| Total Cash | $3.13B |
| Total Debt | $5.70B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $929.00M (3.7% of revenue) |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
Financial Health Score (CVNA)
Nexqual rates Carvana Co.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 11:22 UTC.
| Growth | Strong — Revenue +49% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 19%, operating 9% (last 12 months) |
| Balance Sheet | Mixed — $2.63B cash and investments vs $5.17B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $929M (last 4 quarters to Jun 2026, SEC), slim 3.7% margin |
| Efficiency | Strong — ROE 59%, ROA 11.7% |
Ownership (CVNA)
| Insider Ownership | +2.09% |
|---|---|
| Institutional Ownership | +105.29% |
| Shares Outstanding | 719.92M |
| Float | 706.40M |
| Short % of Float | +12.59% |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
Leadership (CVNA)
Carvana Co. is led by Ernest C. Garcia, Co-Founder, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 11:22 UTC.
| Co-Founder, President, CEO & Chairman | Ernest C. Garcia |
|---|---|
| Co-Founder & COO | Benjamin Huston |
| Chief Financial Officer | Mark Jenkins |
| Chief Product Officer | Daniel Gill |
| President of Special Projects | Thomas Taira |
Major Backers & Investors (CVNA)
Notable institutional backers of Carvana Co. include Price (T.Rowe) Associates Inc, Capital Group, Growth Fund of America, according to Nexqual as of October 23, 2026 at 11:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 11.76% |
| Capital Group | 8.81% |
| Growth Fund of America | 5.06% |
| FMR, LLC | 4.67% |
| T. Rowe Price | 4.36% |
| Amcap Fund | 3.83% |
| Capital International Investors | 3.23% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.8% |
| BlackRock | 6.74% |
| State Street | 4.09% |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
From Carvana Co.'s Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe our proprietary technology and vertically integrated business model allow us to enjoy a significantly lower variable cost structure versus traditional dealerships and to provide substantial value to our customers by providing a seamless, best-in-class car buying and selling experience.
- Our vertically integrated platform gives us control of all critical operations and transaction elements to allow us to facilitate a fast, simple, and consistent user experience.
- Since the launch of our first market thirteen years ago, our vertically integrated, customer-centered offering has enabled us to become one of the largest and fastest growing used automotive retailers in the U.S. as of December 31, 2025.
- Our differentiated business model combines a comprehensive online sales experience with a vertically integrated supply chain, designed to sell high-quality vehicles to our customers transparently and efficiently at a low price.
Partnerships
- Customers who choose to apply for our in-house financing fill out a short prequalification form, and, if approved, are nearly instantaneously presented with an interactive set of conditional financing terms generated by our proprietary credit scoring and deal structuring algorithms for every vehicle in our inventory.
- We have a cross-license agreement with DriveTime Automotive Group, Inc. (together with its subsidiaries and affiliates, other than us, "DriveTime"), a related party of the Company, pursuant to which DriveTime has obtained limited licenses to some of our intellectual property.
Legal & Regulatory Risks (Item 1A, quoted)
- We operate in several highly regulated industries and are subject to a wide range of federal, state, and local laws and regulations. Changes in these laws and regulations, or our actual or alleged failure to comply with such laws and regulations, could have a material adverse effect on our business, results of operations, and financial condition.
- We collect, process, store, share, transmit, disclose, and use information, including personally identifiable information. Our actual or perceived failure to protect such information and data, comply with privacy and security-related requirements, mitigate data loss, and/or prevent a cybersecurity or other incident could damage our reputation and harm our business and operating results.
- We are, and may in the future be, subject to legal proceedings, claims, and investigations, which could have a material adverse effect on our business, results of operations, and financial condition.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PAG | Penske Automotive Group, Inc. | USD 212.11 | ▲ 0.03% |
| KMX | CarMax Inc | USD 52.96 | ▲ 2.85% |
| RUSHB | Rush Enterprises, Inc. | USD 57.89 | ▼ 1.14% |
| LAD | Lithia Motors, Inc. | USD 291.07 | ▲ 8.15% |
| AN | AutoNation, Inc. | USD 161.84 | ▲ 5.77% |
| OPLN | OPENLANE, Inc. | USD 38.05 | ▲ 1.63% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:22 UTC. This page is informational and not investment advice.
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