Inside the research
Carvana Co.
CVNA Research profile · latest available data
Price overview
$65.06
▲ +0.88 (+1.4%)
| 52w hi | $95.69 |
|---|---|
| 52w lo | $56.26 |
| Vol | 4.22M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.04
| Short | -0.07 |
|---|---|
| Medium | -0.10 |
| Long | +0.15 |
computed 2026-09-27
Key fundamentals
Carvana Co.
Consumer Cyclical · Auto & Truck Dealerships
| Market cap | $72.12B |
|---|---|
| Enterprise value | $50.51B |
| Trailing P/E | 34.42x |
| Forward P/E | 28.76x |
| EV / EBITDA | 20.12x |
| P / S (ttm) | 2.88x |
| Profit margin | 6.3% |
| Return on equity | 58.8% |
| Revenue growth | +52.4% |
| Earnings growth | +61.5% |
| Debt / equity | 110.88 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.34 | |
| Sector | -0.03 | |
| Technical | -0.09 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. The company also operates auction sites. Carvana Co. was founded in 2012 and is based in Tempe, Arizona.
Risk Metrics
| Beta vs SPX | 2.22 |
|---|---|
| Corr SPX | 0.54 |
| Annual vol | 66.2% |
| Annual ret | +53.2% |
| Sharpe | 0.80 |
| Max DD | -43.0% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $93.01 |
|---|---|
| High / Low | $120.00 / $67.00 |
| Median | $93.00 |
| Analysts | 21 |
| Strong Buy | 6 | |
|---|---|---|
| Buy | 10 | |
| Hold | 7 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-01 | RBC Capital | → Outperform |
| 2026-05-01 | DA Davidson | → Neutral |
| 2026-05-01 | Citizens | → Market Outperform |
| 2026-04-30 | Wells Fargo | → Overweight |
| 2026-04-30 | UBS | → Buy |
| 2026-04-30 | Needham | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-14 | Material Agreement, Material Obligation… | read |
| 2026-07-29 | Earnings Release, Exhibits | read |
| 2026-05-06 | Officer / Director Change, Bylaws Amendment… | read |
| 2026-04-29 | Earnings Release, Exhibits | read |
| 2026-02-18 | Earnings Release, Exhibits | read |
| 2025-10-29 | Earnings Release, Exhibits | read |
| 2025-07-30 | Earnings Release, Exhibits | read |
| 2025-05-07 | Earnings Release, Exhibits | read |
| 2025-05-06 | Shareholder Vote | read |
| 2025-04-29 | Material Agreement, Exhibits | read |
| 2025-02-19 | Earnings Release, Exhibits | read |
| 2025-02-19 | Other Material Event, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-03 | BREAUX PAUL W. | See Remarks | Grant | 85.34K | — |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Option exercise | 50.00K | $100.50K |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Option exercise | 10.00K | $84.10K |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Grant | 133.97K | — |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Sell | 7.94K | $501.57K |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Sell | 24.29K | $1.56M |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Sell | 22.89K | $1.49M |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Sell | 8.64K | $567.88K |
| 2026-08-03 | JENKINS MARK W. | Chief Financial Officer | Option exercise | 3.75K | $38.96K |
| 2026-08-03 | Palmer Stephen R | Vice President of Account | Sell | 760 | $48.02K |
Flow & Concentration
| Insider 180d net | -$6.11M |
|---|---|
| Insider buys / sells | 2 / 12 |
| Insider bias | Sellers |
| 13F holders | 8 |
| Top-5 share | 96.7% |
| HHI | 2,612 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $2.21B | 33.60M |
| State Street Corp | $1.94B | 29.44M |
| Citadel Advisors | $1.81B | 27.54M |
| Renaissance Technologies | $337.16M | 5.12M |
| Capital Research / Capital World | $306.37M | 4.65M |
| Millennium Management | $211.21M | 3.21M |
| AQR Capital Management | $7.43M | 116.49K |
| T. Rowe Price Group | $5.57M | 84.70M |
As of 2026-06-30
SEC Filings
The Long Run
FY 2017–2025 · 9 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $10.77B | +73.6% | |
| Gross profit | $1.72B | +91.0% | |
| Operating income | $990.00M | +0.0% | |
| Net income | $210.00M | -53.3% | |
| Cash from ops | $1.04B | +29.0% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $64.09 | $65.48 | $63.40 | $65.06 | 4.22M |
| Sep 24 | $63.65 | $64.53 | $62.44 | $64.18 | 6.97M |
| Sep 23 | $64.91 | $65.04 | $62.15 | $63.95 | 8.56M |
| Sep 22 | $68.42 | $69.20 | $65.27 | $65.40 | 5.98M |
| Sep 21 | $65.89 | $68.01 | $65.44 | $67.18 | 5.44M |
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