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Carvana (CVNA) Financials

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$244.17 +0.58 (+0.24%)
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Annual Income Statements for Carvana

Annual Income Statements for Carvana

This table shows Carvana's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 -37 -93 -64 -61 -115 -171 -135 -1,587 450 210
Consolidated Net Income / (Loss)		 -37 -93 -164 -255 -365 -462 -287 -2,894 150 404
Net Income / (Loss) Continuing Operations		 -37 -93 -164 -255 -365 -462 -287 -2,894 150 404
Total Pre-Tax Income 		-37 -93 -164 -255 -365 -462 -286 -2,893 175 400
Total Operating Income		 -35 -89 -155 -229 -280 -332 -104 -2,351 -80 990
Total Gross Profit		 1.35 19 68 197 507 794 1,929 1,246 1,724 2,876
Total Revenue		 130 365 859 1,955 3,940 5,587 12,814 13,604 10,771 13,673
Operating Revenue		 130 365 859 1,955 3,940 5,587 12,814 13,604 10,771 13,673
Total Cost of Revenue		 129 346 791 1,759 3,433 4,793 10,885 12,358 9,047 10,797
Operating Cost of Revenue		 129 346 791 1,759 3,433 4,793 10,885 12,358 9,047 10,797
Total Operating Expenses		 37 109 223 425 787 1,126 2,033 3,597 1,804 1,886
Selling, General & Admin Expense		 37 109 223 425 787 1,126 2,033 2,736 1,796 1,874
Other Operating Expenses / (Income)		 - - - - - - - 14 8.00 12
Impairment Charge		 - - - - - 0.00 0.00 847 0.00 0.00
Total Other Income / (Expense), net		 -1.45 -3.63 -9.01 -26 -85 -130 -182 -542 255 -590
Interest Expense		 1.41 3.59 7.66 25 81 131 176 486 -246 663
Other Income / (Expense), net		 -0.04 -0.05 -1.35 -1.18 -4.00 1.00 -6.00 -56 9.00 73
Income Tax Expense		 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 25 -4.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -101 -199 -250 -291 -152 -1,307 -300 194
Basic Earnings per Share		 ($0.27) ($0.68) ($1.31) ($2.03) ($2.45) ($2.63) ($1.63) ($15.74) $4.12 $1.72
Weighted Average Basic Shares Outstanding		 - 15M 15.24M 30.04M 46.85M 64.98M 82.81M 100.83M 109.32M 122.34M
Diluted Earnings per Share		 ($0.27) ($0.68) ($1.31) ($2.03) ($2.45) ($2.63) ($1.63) ($15.74) $0.75 $1.59
Weighted Average Diluted Shares Outstanding		 - 15M 15.24M 30.04M 46.85M 64.98M 82.81M 100.83M 200.58M 132.21M
Weighted Average Basic & Diluted Shares Outstanding		 - 15M 15.24M 30.04M 46.85M 64.98M 173.00M 188.97M 201.90M 213.17M

Quarterly Income Statements for Carvana

This table shows Carvana's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -283 -806 -160 -58 782 -114 28 18 85 79
Consolidated Net Income / (Loss)		 -508 -1,441 -286 -105 741 -200 49 48 148 159
Net Income / (Loss) Continuing Operations		 -508 -1,441 -286 -105 741 -200 49 48 148 159
Total Pre-Tax Income 		-508 -1,441 -288 -105 770 -202 48 49 147 156
Total Operating Income		 -297 -1,300 -132 42 48 -38 134 259 337 260
Total Gross Profit		 359 193 341 499 482 402 591 715 807 763
Total Revenue		 3,386 2,837 2,606 2,968 2,773 2,424 3,061 3,410 3,655 3,547
Operating Revenue		 3,386 2,837 2,606 2,968 2,773 2,424 3,061 3,410 3,655 3,547
Total Cost of Revenue		 3,027 2,644 2,265 2,469 2,291 2,022 2,470 2,695 2,848 2,784
Operating Cost of Revenue		 3,027 2,644 2,265 2,469 2,291 2,022 2,470 2,695 2,848 2,784
Total Operating Expenses		 656 1,493 473 457 434 440 457 456 470 503
Selling, General & Admin Expense		 656 632 472 452 433 439 456 455 469 494
Other Operating Expenses / (Income)		 - - 1.00 5.00 1.00 1.00 1.00 1.00 1.00 9.00
Total Other Income / (Expense), net		 -211 -141 -156 -147 722 -164 -86 -210 -190 -104
Interest Expense		 153 153 159 155 -725 165 173 175 161 154
Other Income / (Expense), net		 -58 12 3.00 8.00 -3.00 1.00 87 -35 -29 50
Income Tax Expense		 0.00 - -2.00 0.00 29 -2.00 -1.00 1.00 -1.00 -3.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -225 -635 -126 -47 -41 -86 21 30 63 80
Basic Earnings per Share		 ($2.67) ($7.83) ($1.51) ($0.55) $7.05 ($0.87) $0.24 $0.15 $0.69 $0.64
Weighted Average Basic Shares Outstanding		 105.86M 100.83M 106.01M 106.22M 110.84M 109.32M 116.30M 118.93M 123.88M 122.34M
Diluted Earnings per Share		 ($2.67) ($7.83) ($1.51) ($0.55) $3.60 ($0.79) $0.24 $0.14 $0.64 $0.57
Weighted Average Diluted Shares Outstanding		 105.86M 100.83M 106.01M 106.22M 205.96M 200.58M 212.24M 128.47M 133.56M 132.21M
Weighted Average Basic & Diluted Shares Outstanding		 188.85M 188.97M 189.08M 189.44M 199.65M 201.90M 202.57M 206.94M 207.63M 213.17M

Annual Cash Flow Statements for Carvana

This table details how cash moves in and out of Carvana's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 36 66 138 -98 30 211 307 -8.00 -34 1,166
Net Cash From Operating Activities		 -54 -240 -200 -414 -757 -608 -2,594 -1,324 803 918
Net Cash From Continuing Operating Activities		 -54 -179 -200 -414 -757 -608 -2,594 -1,324 803 918
Net Income / (Loss) Continuing Operations		 -37 -93 -164 -255 -365 -462 -287 -2,894 150 404
Consolidated Net Income / (Loss)		 -37 -93 -164 -255 -365 -462 -287 -2,894 150 404
Depreciation Expense		 2.80 4.66 12 24 41 74 105 261 352 305
Amortization Expense		 0.00 0.00 1.65 2.31 6.00 8.00 11 27 24 15
Non-Cash Adjustments To Reconcile Net Income		 0.08 40 -16 -39 -194 -28 -554 -90 -206 386
Changes in Operating Assets and Liabilities, net		 -20 -130 -33 -147 -245 -200 -1,869 1,372 483 -192
Net Cash From Investing Activities		 -16 -40 -78 -150 -228 -346 -627 -2,583 31 -13
Net Cash From Continuing Investing Activities		 -16 -40 -78 -150 -228 -346 -627 -2,583 31 -13
Purchase of Property, Plant & Equipment		 -14 -40 -78 -144 -231 -360 -557 -512 -87 -91
Acquisitions		 - 0.00 0.00 -6.67 - 0.00 0.00 -2,196 -7.00 0.00
Sale of Property, Plant & Equipment		 - - - - - 0.00 0.00 44 72 11
Other Investing Activities, net		 -2.12 - 0.00 0.00 3.00 14 56 81 53 67
Net Cash From Financing Activities		 106 284 416 466 1,015 1,165 3,528 3,899 -868 261
Net Cash From Continuing Financing Activities		 106 284 416 466 1,015 1,165 3,528 3,899 -868 261
Repayment of Debt		 -100 -289 -870 -1,947 -4,246 -5,641 -12,684 -13,741 -8,147 -4,278
Issuance of Debt		 125 411 982 2,247 4,968 5,765 16,250 16,417 6,841 3,287
Issuance of Common Equity		 0.00 0.08 206 172 299 1,064 2.00 1,231 453 1,271
Other Financing Activities, net		 50 0.00 -0.66 -1.71 -6.00 -23 -40 -8.00 -15 -19

Quarterly Cash Flow Statements for Carvana

This table details how cash moves in and out of Carvana's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -720 151 66 -17 -61 -22 -267 280 325 828
Net Cash From Operating Activities		 -98 -739 -66 509 599 -239 101 354 403 60
Net Cash From Continuing Operating Activities		 -98 -739 -66 509 599 -239 101 354 403 60
Net Income / (Loss) Continuing Operations		 -508 -1,441 -286 -105 741 -200 49 48 148 159
Consolidated Net Income / (Loss)		 -508 -1,441 -286 -105 741 -200 49 48 148 159
Depreciation Expense		 78 82 93 90 87 82 82 76 73 74
Amortization Expense		 8.00 7.00 8.00 6.00 6.00 4.00 5.00 4.00 4.00 2.00
Non-Cash Adjustments To Reconcile Net Income		 -64 170 -261 491 -422 -14 -29 199 295 -79
Changes in Operating Assets and Liabilities, net		 388 443 380 27 187 -111 -6.00 27 -117 -96
Net Cash From Investing Activities		 -43 -15 -19 25 16 9.00 7.00 2.00 -15 -7.00
Net Cash From Continuing Investing Activities		 -43 -15 -19 25 16 9.00 7.00 2.00 -15 -7.00
Purchase of Property, Plant & Equipment		 -90 -61 -32 -18 -19 -18 -18 -22 -27 -24
Sale of Property, Plant & Equipment		 - 44 12 21 25 14 5.00 3.00 1.00 2.00
Other Investing Activities, net		 47 9.00 8.00 22 10 13 20 21 11 15
Net Cash From Financing Activities		 -579 905 151 -551 -676 208 -375 -76 -63 775
Net Cash From Continuing Financing Activities		 -579 905 151 -551 -676 208 -375 -76 -63 775
Repayment of Debt		 -3,035 -1,481 -1,726 -3,270 -2,387 -764 -1,256 -1,392 -975 -655
Issuance of Debt		 2,456 2,386 1,877 2,721 1,268 975 881 966 914 526
Issuance of Common Equity		 1.00 - - - 453 - - - - 921
Other Financing Activities, net		 -1.00 - - - -10 -3.00 - - -2.00 -17

Annual Balance Sheets for Carvana

This table presents Carvana's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 336 641 991 2,058 3,035 7,015 8,698 7,071 8,484
Total Current Assets		 275 490 663 1,359 1,923 4,892 4,594 3,321 4,869
Cash & Equivalents		 39 173 79 76 301 403 434 530 1,716
Restricted Cash		 10 14 9.85 42 28 233 194 64 44
Short-Term Investments		 - - - 99 131 382 321 366 464
Note & Lease Receivable		 25 - 105 287 275 356 1,334 807 612
Accounts Receivable		 5.69 14 33 40 79 206 253 266 303
Inventories, net		 186 227 412 763 1,036 3,149 1,876 1,150 1,608
Other Current Assets		 9.82 61 24 53 73 163 182 138 122
Plant, Property, & Equipment, net		 61 149 297 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.00 2.74 31 698 1,112 2,123 4,104 3,750 3,615
Noncurrent Note & Lease Receivables		 - - 0.00 123 - 369 536 455 440
Intangible Assets		 - 0.00 8.87 7.23 6.00 4.00 70 52 34
Other Noncurrent Operating Assets		 0.00 2.74 13 558 1,097 1,741 3,498 3,243 3,141
Total Liabilities & Shareholders' Equity		 336 641 991 2,058 3,035 7,015 8,698 7,071 8,484
Total Liabilities		 201 362 764 1,866 2,233 6,490 9,751 7,455 7,109
Total Current Liabilities		 196 306 330 865 467 2,890 2,592 1,536 1,338
Short-Term Debt		 166 254 208 618 105 2,205 1,735 857 376
Accounts Payable		 30 52 121 234 342 656 777 596 856
Other Current Liabilities		 - - 0.00 13 20 29 80 83 106
Total Noncurrent Liabilities		 4.40 56 434 1,001 1,766 3,600 7,159 5,919 5,771
Long-Term Debt		 4.40 48 425 883 1,617 3,208 6,574 5,416 5,256
Other Noncurrent Operating Liabilities		 0.00 7.09 8.73 118 1.00 392 585 503 515
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -116 280 227 192 802 525 -1,053 -384 1,375
Total Preferred & Common Equity		 -116 126 80 98 388 306 -518 243 1,260
Preferred Stock		 - 97 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -116 29 80 98 388 306 -518 243 1,260
Common Stock		 - 42 148 281 742 795 1,558 1,869 2,676
Retained Earnings		 - -13 -68 -183 -354 -489 -2,076 -1,626 -1,416
Noncontrolling Interest		 - 154 148 94 414 219 -535 -627 115

Quarterly Balance Sheets for Carvana

This table presents Carvana's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 9,621 8,646 7,849 7,025 6,983 7,170 7,368
Total Current Assets		 4,469 4,616 3,912 3,186 3,232 3,477 3,765
Cash & Equivalents		 316 488 541 544 252 542 871
Restricted Cash		 161 206 136 72 75 65 61
Short-Term Investments		 350 - 335 371 - 421 463
Accounts Receivable		 359 342 335 318 351 349 363
Inventories, net		 2,577 1,485 1,302 1,085 1,162 1,221 1,305
Other Current Assets		 221 2,095 165 796 1,392 879 702
Plant, Property, & Equipment, net		 0.00 3,195 0.00 0.00 2,919 0.00 0.00
Total Noncurrent Assets		 5,152 835 3,937 3,839 832 3,693 3,603
Noncurrent Note & Lease Receivables		 - 519 - 473 447 466 452
Intangible Assets		 76 65 61 56 48 43 39
Other Noncurrent Operating Assets		 4,229 251 3,876 3,310 337 3,184 3,112
Total Liabilities & Shareholders' Equity		 9,621 8,646 7,849 7,025 6,983 7,170 7,368
Total Liabilities		 9,247 9,968 9,255 7,227 7,294 7,055 7,082
Total Current Liabilities		 1,878 2,850 2,179 1,395 1,274 1,118 1,159
Short-Term Debt		 788 1,904 1,360 629 469 275 285
Accounts Payable		 1,009 864 739 681 705 742 772
Other Current Liabilities		 81 82 80 85 100 101 102
Total Noncurrent Liabilities		 7,369 7,118 7,076 5,832 6,020 5,937 5,923
Long-Term Debt		 6,616 6,553 6,542 5,305 5,544 5,428 5,431
Capital Lease Obligations		 669 493 466 450 424 444 429
Other Noncurrent Operating Liabilities		 84 72 68 77 52 65 63
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 374 -1,322 -1,406 -202 -311 115 286
Total Preferred & Common Equity		 274 -660 -697 339 289 526 611
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 274 -660 -697 339 289 526 611
Common Stock		 1,544 1,576 1,597 1,851 1,887 2,106 2,106
Retained Earnings		 -1,270 -2,236 -2,294 -1,512 -1,598 -1,580 -1,495
Noncontrolling Interest		 100 -662 -709 -541 -600 -411 -325

Annual Metrics and Ratios for Carvana

This table displays calculated financial ratios and metrics derived from Carvana's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 180.04% 135.21% 127.68% 101.49% 41.80% 129.35% 6.17% -20.82% 26.94%
EBITDA Growth		 0.00% -160.58% -69.02% -42.14% -16.24% -5.06% 102.41% -35,416.67% 114.39% 353.44%
EBIT Growth		 0.00% -153.12% -74.99% -46.64% -23.63% -16.55% 66.77% -2,088.18% 97.05% 1,597.18%
NOPAT Growth		 0.00% -153.25% -73.57% -47.16% -22.51% -18.57% 68.67% -2,160.58% 95.83% 1,558.19%
Net Income Growth		 0.00% -153.13% -76.49% -55.03% -43.28% -26.58% 37.88% -908.36% 105.18% 169.33%
EPS Growth		 0.00% -151.85% -92.65% -54.96% -20.69% -7.35% 38.02% -865.64% 104.76% 112.00%
Operating Cash Flow Growth		 0.00% -348.95% 16.78% -107.25% -82.70% 19.68% -326.64% 48.96% 160.65% 14.32%
Free Cash Flow Firm Growth		 0.00% 0.00% 22.50% -117.37% -67.34% -7.77% -186.96% -9.06% 143.18% -12.49%
Invested Capital Growth		 0.00% 0.00% 54.02% 95.58% 91.06% 49.93% 122.42% 28.19% -21.85% -2.96%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 19.55% 15.17% 14.87% 17.69% -6.31% -3.69% 8.95%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -14.19% -8.65% 6.44% -78.57% -109.80% 132.34% 32.22%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -14.88% -10.21% 2.66% -44.74% -93.33% 94.63% 48.46%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -14.88% -9.50% 0.24% -6.12% -103.55% 92.62% 33.32%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -18.17% -12.20% -6.43% -10.81% -77.00% 113.75% 797.78%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -25.38% -75.67% 111.92% 591.30%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 5.46% -19.14% -29.37% 20.97% -63.87% 24.64% 165.02% 48.30%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -10.15% -11.82% -34.71% 32.87% -12.44% 26.06%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 19.83% 15.11% 15.49% 25.80% -17.23% -5.12% -5.02%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 1.03% 5.26% 7.93% 10.06% 12.87% 14.21% 15.05% 9.16% 16.01% 21.03%
EBITDA Margin		 -24.98% -23.24% -16.70% -10.43% -6.02% -4.46% 0.05% -15.58% 2.83% 10.11%
Operating Margin		 -27.10% -24.50% -18.08% -11.69% -7.11% -5.94% -0.81% -17.28% -0.74% 7.24%
EBIT Margin		 -27.12% -24.52% -18.24% -11.75% -7.21% -5.92% -0.86% -17.69% -0.66% 7.77%
Profit (Net Income) Margin		 -28.21% -25.50% -19.13% -13.03% -9.26% -8.27% -2.24% -21.27% 1.39% 2.95%
Tax Burden Percent		 100.00% 99.99% 100.00% 100.00% 100.00% 100.00% 100.35% 100.03% 85.71% 101.00%
Interest Burden Percent		 103.99% 104.01% 104.89% 110.89% 128.52% 139.58% 260.00% 120.19% -246.48% 37.63%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.29% -1.00%
Return on Invested Capital (ROIC)		 0.00% -48.87% -33.39% -27.42% -17.44% -12.61% -2.04% -29.32% -1.22% 20.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -99.09% -80.39% -56.13% -35.93% -29.65% -9.42% -50.56% 2.23% 6.93%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -89.04% -45.88% -73.08% -156.63% -80.36% -41.21% 1,125.53% -19.66% 60.94%
Return on Equity (ROE)		 0.00% -137.91% -79.27% -100.50% -174.07% -92.96% -43.26% 1,096.21% -20.88% 81.53%
Cash Return on Invested Capital (CROIC)		 0.00% -248.87% -75.93% -92.09% -80.02% -52.56% -77.98% -54.03% 23.31% 23.60%
Operating Return on Assets (OROA)		 0.00% -26.66% -32.07% -28.15% -18.63% -13.00% -2.19% -30.64% -0.90% 13.67%
Return on Assets (ROA)		 0.00% -27.72% -33.64% -31.22% -23.94% -18.14% -5.71% -36.84% 1.90% 5.19%
Return on Common Equity (ROCE)		 0.00% 118.46% 16.70% -21.47% -73.80% -45.47% -22.62% 440.15% -4.00% 123.66%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 80.29% -130.68% -319.69% -372.02% -119.07% -93.79% 558.69% 61.73% 32.06%
Net Operating Profit after Tax (NOPAT)		 -25 -63 -109 -160 -196 -232 -73 -1,646 -69 1,000
NOPAT Margin		 -18.97% -17.15% -12.66% -8.18% -4.97% -4.16% -0.57% -12.10% -0.64% 7.31%
Net Nonoperating Expense Percent (NNEP)		 0.00% 50.22% 47.00% 28.72% 18.49% 17.05% 7.38% 21.24% -3.45% 13.67%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -22.68% -1.16% 14.27%
Cost of Revenue to Revenue		 98.97% 94.74% 92.07% 89.94% 87.13% 85.79% 84.95% 90.84% 83.99% 78.97%
SG&A Expenses to Revenue		 28.13% 29.76% 26.01% 21.75% 19.97% 20.15% 15.87% 20.11% 16.67% 13.71%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 28.13% 29.76% 26.01% 21.75% 19.97% 20.15% 15.87% 26.44% 16.75% 13.79%
Earnings before Interest and Taxes (EBIT)		 -35 -90 -157 -230 -284 -331 -110 -2,407 -71 1,063
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -33 -85 -143 -204 -237 -249 6.00 -2,119 305 1,383
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 10.63 15.95 94.99 43.57 64.83 0.00 24.84 20.74
Price to Tangible Book Value (P/TBV)		 0.00 0.00 10.63 20.67 114.32 45.33 67.71 0.00 31.61 21.32
Price to Revenue (P/Rev)		 0.00 0.00 0.35 0.65 2.37 3.03 1.55 0.04 0.56 1.91
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.42 124.45
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.45% 0.80%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.70 2.54 7.25 8.47 4.97 1.16 2.18 6.20
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.78 1.00 2.72 3.35 1.91 0.54 1.00 2.17
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 4,075.38 0.00 35.16 21.44
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.90
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 29.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.35 32.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.19 25.88
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 1.26 1.08 2.79 7.82 2.33 10.31 -7.89 -16.34 4.10
Long-Term Debt to Equity		 0.00 0.03 0.17 1.87 4.60 2.20 6.11 -6.24 -14.10 3.82
Financial Leverage		 0.00 0.90 0.57 1.30 4.36 2.71 4.37 -22.26 -8.82 8.80
Leverage Ratio		 0.00 2.49 2.36 3.22 7.27 5.12 7.57 -29.76 -10.97 15.70
Compound Leverage Factor		 0.00 2.59 2.47 3.57 9.34 7.15 19.69 -35.77 27.05 5.91
Debt to Total Capital		 0.00% 55.85% 51.96% 73.58% 88.66% 69.99% 91.16% 114.51% 106.52% 80.38%
Short-Term Debt to Total Capital		 0.00% 54.41% 43.63% 24.17% 36.49% 3.93% 37.13% 23.91% 14.55% 5.37%
Long-Term Debt to Total Capital		 0.00% 1.44% 8.33% 49.41% 52.17% 66.06% 54.02% 90.60% 91.97% 75.01%
Preferred Equity to Total Capital		 0.00% 0.00% 16.69% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 82.07% 26.43% 17.16% 5.54% 15.49% 3.69% -7.37% -10.65% 1.64%
Common Equity to Total Capital		 0.00% -37.92% 4.92% 9.26% 5.80% 14.52% 5.15% -7.14% 4.13% 17.98%
Debt to EBITDA		 0.00 -2.01 -2.11 -3.11 -6.33 -7.51 902.17 -3.92 20.57 4.07
Net Debt to EBITDA		 0.00 -1.43 -0.80 -2.67 -5.42 -5.66 732.50 -3.47 17.42 2.46
Long-Term Debt to EBITDA		 0.00 -0.05 -0.34 -2.09 -3.73 -7.09 534.67 -3.10 17.76 3.80
Debt to NOPAT		 0.00 -2.73 -2.78 -3.96 -7.66 -8.05 -74.35 -5.05 -91.48 5.63
Net Debt to NOPAT		 0.00 -1.94 -1.06 -3.40 -6.55 -6.07 -60.37 -4.47 -77.48 3.41
Long-Term Debt to NOPAT		 0.00 -0.07 -0.45 -2.66 -4.51 -7.59 -44.07 -3.99 -78.98 5.26
Altman Z-Score		 0.00 0.00 1.35 2.51 4.62 6.44 3.85 0.62 1.96 4.50
Noncontrolling Interest Sharing Ratio		 0.00% 185.89% 121.07% 78.64% 57.60% 51.09% 47.70% 59.85% 80.86% -51.67%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.00 1.40 1.60 2.01 1.57 4.12 1.69 1.77 2.16 3.64
Quick Ratio		 0.00 0.35 0.61 0.66 0.58 1.68 0.47 0.90 1.28 2.31
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -319 -247 -537 -899 -969 -2,781 -3,033 1,309 1,146
Operating Cash Flow to CapEx		 -383.57% -607.56% -254.71% -288.40% -327.71% -168.89% -465.71% -282.91% 5,353.33% 1,147.50%
Free Cash Flow to Firm to Interest Expense		 0.00 -88.92 -32.28 -21.48 -11.10 -7.40 -15.80 -6.24 0.00 1.73
Operating Cash Flow to Interest Expense		 -37.90 -66.97 -26.10 -16.56 -9.35 -4.64 -14.74 -2.72 0.00 1.38
Operating Cash Flow Less CapEx to Interest Expense		 -47.77 -77.99 -36.35 -22.30 -12.20 -7.39 -17.90 -3.69 0.00 1.26
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 1.09 1.76 2.40 2.58 2.19 2.55 1.73 1.37 1.76
Accounts Receivable Turnover		 0.00 64.15 86.77 82.81 107.97 94.01 89.92 59.28 41.51 48.06
Inventory Turnover		 0.00 1.86 3.83 5.50 5.84 5.33 5.20 4.92 5.98 7.83
Fixed Asset Turnover		 0.00 6.03 8.21 8.78 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 11.51 19.25 20.27 19.29 16.63 21.81 17.25 13.18 14.87
Days Sales Outstanding (DSO)		 0.00 5.69 4.21 4.41 3.38 3.88 4.06 6.16 8.79 7.59
Days Inventory Outstanding (DIO)		 0.00 195.72 95.30 66.38 62.46 68.49 70.17 74.21 61.04 46.62
Days Payable Outstanding (DPO)		 0.00 31.70 18.96 18.01 18.92 21.95 16.73 21.16 27.70 24.54
Cash Conversion Cycle (CCC)		 0.00 169.71 80.55 52.78 46.92 50.42 57.49 59.20 42.14 29.67
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 256 395 772 1,475 2,212 4,920 6,307 4,929 4,783
Invested Capital Turnover		 0.00 2.85 2.64 3.35 3.51 3.03 3.59 2.42 1.92 2.82
Increase / (Decrease) in Invested Capital		 0.00 256 138 377 703 737 2,708 1,387 -1,378 -146
Enterprise Value (EV)		 0.00 0.00 670 1,963 10,697 18,730 24,452 7,327 10,723 29,657
Market Capitalization		 0.00 0.00 304 1,271 9,320 16,906 19,838 502 6,037 26,134
Book Value per Share		 $0.00 ($7.73) $0.22 $0.55 $0.97 $2.26 $1.77 ($2.74) $1.22 $6.07
Tangible Book Value per Share		 $0.00 ($7.73) $0.22 $0.43 $0.81 $2.17 $1.70 ($3.11) $0.96 $5.90
Total Capital		 0.00 306 582 861 1,693 2,672 5,938 7,256 5,889 7,007
Total Debt		 0.00 171 302 633 1,501 1,870 5,413 8,309 6,273 5,632
Total Long-Term Debt		 0.00 4.40 48 425 883 1,765 3,208 6,574 5,416 5,256
Net Debt		 0.00 121 115 545 1,283 1,410 4,395 7,360 5,313 3,408
Capital Expenditures (CapEx)		 14 40 78 144 231 360 557 468 15 80
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 196 250 453 895 1,101 3,189 2,788 1,682 1,683
Debt-free Net Working Capital (DFNWC)		 0.00 245 438 541 1,112 1,561 4,207 3,737 2,642 3,907
Net Working Capital (NWC)		 0.00 79 184 333 495 1,456 2,002 2,002 1,785 3,531
Net Nonoperating Expense (NNE)		 12 30 56 95 169 230 214 1,248 -219 596
Net Nonoperating Obligations (NNO)		 0.00 121 115 545 1,283 1,410 4,395 7,360 5,313 3,408
Total Depreciation and Amortization (D&A)		 2.80 4.66 13 26 47 82 116 288 376 320
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 53.61% 29.16% 23.15% 22.71% 19.71% 24.89% 20.49% 15.62% 12.31%
Debt-free Net Working Capital to Revenue		 0.00% 67.15% 50.95% 27.69% 28.23% 27.94% 32.83% 27.47% 24.53% 28.57%
Net Working Capital to Revenue		 0.00% 21.59% 21.39% 17.05% 12.55% 26.06% 15.62% 14.72% 16.57% 25.82%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.27) ($0.68) ($1.31) ($2.24) ($2.45) ($2.63) ($1.63) ($15.74) $4.12 $1.72
Adjusted Weighted Average Basic Shares Outstanding		 0.00 15M 132.75M 145.54M 151.76M 172.26M 82.81M 100.83M 109.32M 122.34M
Adjusted Diluted Earnings per Share		 ($0.27) ($0.68) ($1.31) ($2.24) ($2.45) ($2.63) ($1.63) ($15.74) $0.75 $1.59
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 15M 132.75M 145.54M 151.76M 172.26M 82.81M 100.83M 200.58M 132.21M
Adjusted Basic & Diluted Earnings per Share		 ($0.27) ($0.68) ($1.31) ($2.24) ($2.45) ($2.63) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 15M 15.24M 30.04M 46.85M 64.98M 173.00M 188.97M 201.90M 213.17M
Normalized Net Operating Profit after Tax (NOPAT)		 -25 -63 -109 -160 -196 -232 -73 -1,053 -69 693
Normalized NOPAT Margin		 -18.97% -17.15% -12.66% -8.18% -4.97% -4.16% -0.57% -7.74% -0.64% 5.07%
Pre Tax Income Margin		 -28.21% -25.50% -19.13% -13.03% -9.26% -8.27% -2.23% -21.27% 1.62% 2.93%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -25.05 -24.96 -20.45 -9.18 -3.51 -2.53 -0.63 -4.95 0.00 1.60
NOPAT to Interest Expense		 -17.52 -17.46 -14.19 -6.39 -2.42 -1.77 -0.41 -3.39 0.00 1.51
EBIT Less CapEx to Interest Expense		 -34.93 -35.98 -30.70 -14.93 -6.36 -5.27 -3.79 -5.92 0.00 1.48
NOPAT Less CapEx to Interest Expense		 -27.40 -28.48 -24.44 -12.14 -5.27 -4.52 -3.58 -4.35 0.00 1.39
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -91.17% 0.00% 0.00% -1.81% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -92.45% -0.86% 0.00% -1.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for Carvana

This table displays calculated financial ratios and metrics derived from Carvana's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -2.70% -24.41% -25.48% -23.58% -18.10% -14.56% 17.46% 14.89% 31.81% 46.33%
EBITDA Growth		 -3,088.89% -1,232.22% 92.98% 157.94% 151.30% 104.09% 1,200.00% 108.22% 178.99% 687.76%
EBIT Growth		 -1,675.00% -922.22% 70.81% 115.53% 112.68% 97.13% 271.32% 348.00% 584.44% 937.84%
NOPAT Growth		 -1,191.30% -1,150.00% 69.23% 112.92% 122.22% 97.08% 248.04% 762.97% 634.52% 1,096.24%
Net Income Growth		 -647.06% -691.76% 43.48% 76.08% 245.87% 86.12% 117.13% 145.71% -80.03% 179.50%
EPS Growth		 -602.63% -645.71% 47.75% 76.60% 234.83% 89.91% 115.89% 125.45% -82.22% 172.15%
Operating Cash Flow Growth		 65.37% 36.95% 88.87% 380.19% 711.22% 67.66% 253.03% -30.45% -32.72% 125.10%
Free Cash Flow Firm Growth		 -94.70% 17.40% 65.91% 141.57% 163.09% 158.83% 205.25% -49.50% -79.84% -69.59%
Invested Capital Growth		 94.84% 28.19% 19.18% -24.12% -31.82% -21.85% -16.37% -12.03% -3.06% -2.96%
Revenue Q/Q Growth		 -12.82% -16.21% -8.14% 13.89% -6.57% -12.59% 26.28% 11.40% 7.18% -2.95%
EBITDA Q/Q Growth		 -6.75% -345.72% 97.66% 621.43% -5.48% -64.49% 528.57% -1.30% 26.64% 0.26%
EBIT Q/Q Growth		 -10.25% -262.82% 89.98% 138.76% -10.00% -182.22% 697.30% 1.36% 37.50% 0.65%
NOPAT Q/Q Growth		 8.62% -337.71% 89.74% 131.82% 57.12% -157.59% 730.38% 85.48% 33.73% -21.90%
Net Income Q/Q Growth		 -15.72% -183.66% 80.15% 63.29% 805.71% -126.99% 124.50% -2.04% 208.33% 7.43%
EPS Q/Q Growth		 -13.62% -193.26% 80.72% 63.58% 754.55% -121.94% 105.66% -41.67% 357.14% -10.94%
Operating Cash Flow Q/Q Growth		 -192.45% -654.08% 91.07% 871.21% 17.68% -139.90% 142.26% 250.50% 13.84% -85.11%
Free Cash Flow Firm Q/Q Growth		 15.21% 41.36% 47.17% 258.92% 28.68% -45.31% 37.74% -23.75% -48.61% -17.52%
Invested Capital Q/Q Growth		 -2.82% -17.23% 9.94% -14.19% -12.69% -5.12% 8.15% -9.74% -3.78% -5.02%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 10.60% 6.80% 13.09% 16.81% 17.38% 16.58% 19.31% 20.97% 22.08% 21.51%
EBITDA Margin		 -7.94% -42.26% -1.07% 4.92% 4.98% 2.02% 10.06% 8.92% 10.53% 10.88%
Operating Margin		 -8.77% -45.82% -5.07% 1.42% 1.73% -1.57% 4.38% 7.60% 9.22% 7.33%
EBIT Margin		 -10.48% -45.40% -4.95% 1.68% 1.62% -1.53% 7.22% 6.57% 8.43% 8.74%
Profit (Net Income) Margin		 -15.00% -50.79% -10.97% -3.54% 26.72% -8.25% 1.60% 1.41% 4.05% 4.48%
Tax Burden Percent		 100.00% 100.00% 99.31% 100.00% 96.23% 99.01% 102.08% 97.96% 100.68% 101.92%
Interest Burden Percent		 143.10% 111.88% 223.26% -210.00% 1,711.11% 545.95% 21.72% 21.88% 47.73% 50.32%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 3.77% 0.00% -2.08% 2.04% -0.68% -1.92%
Return on Invested Capital (ROIC)		 -15.46% -77.73% -7.07% 1.69% 2.91% -2.10% 7.88% 15.52% 22.77% 21.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 -21.21% -86.77% -9.83% -0.18% 13.90% -4.84% 6.66% 12.23% 19.00% 18.61%
Return on Net Nonoperating Assets (RNNOA)		 -204.80% 1,931.76% 108.54% 4.78% 1,021.64% 42.69% -58.57% -118.15% 2,295.61% 163.73%
Return on Equity (ROE)		 -220.26% 1,854.03% 101.47% 6.47% 1,024.55% 40.58% -50.69% -102.62% 2,318.38% 184.77%
Cash Return on Invested Capital (CROIC)		 -78.35% -54.03% -39.90% 10.44% 23.34% 23.31% 20.72% 19.86% 17.77% 23.60%
Operating Return on Assets (OROA)		 -20.32% -78.61% -7.75% 2.17% 2.18% -2.09% 10.37% 10.21% 14.70% 15.36%
Return on Assets (ROA)		 -29.08% -87.95% -17.19% -4.55% 35.91% -11.27% 2.30% 2.19% 7.06% 7.88%
Return on Common Equity (ROCE)		 -134.15% 744.42% 46.34% 1.89% 3,651.43% 7.77% -11.52% -13.59% 26,219.79% 280.23%
Return on Equity Simple (ROE_SIMPLE)		 -596.72% 0.00% 405.15% 335.72% -321.83% 0.00% 167.82% 121.29% 7.37% 0.00%
Net Operating Profit after Tax (NOPAT)		 -208 -910 -92 29 46 -27 137 254 339 265
NOPAT Margin		 -6.14% -32.08% -3.55% 0.99% 1.67% -1.10% 4.47% 7.44% 9.28% 7.47%
Net Nonoperating Expense Percent (NNEP)		 5.74% 9.03% 2.76% 1.88% -10.99% 2.74% 1.22% 3.30% 3.77% 2.43%
Return On Investment Capital (ROIC_SIMPLE)		 - -12.54% - - - -0.45% - - - 3.78%
Cost of Revenue to Revenue		 89.40% 93.20% 86.91% 83.19% 82.62% 83.42% 80.69% 79.03% 77.92% 78.49%
SG&A Expenses to Revenue		 19.37% 22.28% 18.11% 15.23% 15.61% 18.11% 14.90% 13.34% 12.83% 13.93%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.37% 52.63% 18.15% 15.40% 15.65% 18.15% 14.93% 13.37% 12.86% 14.18%
Earnings before Interest and Taxes (EBIT)		 -355 -1,288 -129 50 45 -37 221 224 308 310
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -269 -1,199 -28 146 138 49 308 304 385 386
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 7.84 0.00 0.00 0.00 13.19 24.84 34.69 28.62 35.28 20.74
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 15.80 31.61 41.60 31.17 37.69 21.32
Price to Revenue (P/Rev)		 0.15 0.04 0.08 0.23 0.40 0.56 0.89 1.29 1.72 1.91
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 13.42 15.71 21.08 1,268.18 124.45
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 7.45% 6.36% 4.74% 0.08% 0.80%
Enterprise Value to Invested Capital (EV/IC)		 1.25 1.16 1.24 1.58 1.80 2.18 2.68 3.78 5.16 6.20
Enterprise Value to Revenue (EV/Rev)		 0.65 0.54 0.68 0.80 0.83 1.00 1.38 1.69 2.07 2.17
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 35.16 24.23 24.73 24.84 21.44
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 55.68 43.62 36.29 27.90
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 84.37 50.12 34.65 29.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 30.79 13.35 16.01 24.25 41.98 32.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 13.06 6.24 8.19 11.78 17.80 28.59 25.88
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 21.59 -7.89 -6.77 -5.95 -31.60 -16.34 -20.70 53.45 21.49 4.10
Long-Term Debt to Equity		 19.48 -6.24 -5.33 -4.98 -28.49 -14.10 -19.19 51.06 20.49 3.82
Financial Leverage		 9.66 -22.26 -11.04 -26.44 73.51 -8.82 -8.80 -9.66 120.80 8.80
Leverage Ratio		 13.85 -29.76 -12.78 -33.86 96.78 -10.97 -9.57 -11.63 171.35 15.70
Compound Leverage Factor		 19.81 -33.29 -28.53 71.10 1,656.00 -59.91 -2.08 -2.54 81.78 7.90
Debt to Total Capital		 95.57% 114.51% 117.33% 120.20% 103.27% 106.52% 105.08% 98.16% 95.55% 80.38%
Short-Term Debt to Total Capital		 9.33% 23.91% 24.96% 19.53% 10.17% 14.55% 7.66% 4.39% 4.43% 5.37%
Long-Term Debt to Total Capital		 86.24% 90.60% 92.37% 100.66% 93.09% 91.97% 97.42% 93.77% 91.12% 75.01%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.18% -7.37% -8.68% -10.18% -8.75% -10.65% -9.79% -6.56% -5.05% 1.64%
Common Equity to Total Capital		 3.24% -7.14% -8.65% -10.01% 5.48% 4.13% 4.72% 8.40% 9.50% 17.98%
Debt to EBITDA		 -7.99 -3.92 -5.12 -6.20 -6.77 20.57 10.04 7.69 5.87 4.07
Net Debt to EBITDA		 -7.17 -3.47 -4.72 -5.45 -5.72 17.42 9.53 6.41 4.54 2.46
Long-Term Debt to EBITDA		 -7.21 -3.10 -4.03 -5.19 -6.10 17.76 9.31 7.35 5.60 3.80
Debt to NOPAT		 -9.99 -5.05 -6.27 -7.15 -6.87 -91.48 34.96 15.59 8.19 5.63
Net Debt to NOPAT		 -8.96 -4.47 -5.78 -6.28 -5.81 -77.48 33.18 12.98 6.33 3.41
Long-Term Debt to NOPAT		 -9.01 -3.99 -4.93 -5.98 -6.19 -78.98 32.41 14.89 7.81 5.26
Altman Z-Score		 1.67 1.05 1.37 1.56 1.99 1.97 2.55 3.10 3.81 4.20
Noncontrolling Interest Sharing Ratio		 39.09% 59.85% 54.33% 70.85% -256.40% 80.86% 77.28% 86.75% -1,030.95% -51.67%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 2.38 1.77 1.62 1.80 2.28 2.16 2.54 3.11 3.25 3.64
Quick Ratio		 0.80 0.90 0.29 1.06 0.88 1.28 0.47 1.17 1.46 2.31
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3,917 -2,297 -1,208 1,920 2,471 1,351 1,272 970 498 411
Operating Cash Flow to CapEx		 -108.89% -4,347.06% -330.00% 0.00% 0.00% -5,975.00% 776.92% 1,863.16% 1,550.00% 272.73%
Free Cash Flow to Firm to Interest Expense		 -25.60 -15.01 -7.60 12.39 0.00 8.19 7.35 5.54 3.10 2.67
Operating Cash Flow to Interest Expense		 -0.64 -4.83 -0.42 3.28 0.00 -1.45 0.58 2.02 2.50 0.39
Operating Cash Flow Less CapEx to Interest Expense		 -1.23 -4.94 -0.54 3.30 0.00 -1.47 0.51 1.91 2.34 0.25
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 1.94 1.73 1.57 1.29 1.34 1.37 1.44 1.55 1.74 1.76
Accounts Receivable Turnover		 54.08 59.28 46.23 30.92 33.04 41.51 32.40 34.12 36.86 48.06
Inventory Turnover		 5.33 4.92 4.77 4.99 5.28 5.98 6.99 7.51 8.40 7.83
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 3.67 0.00 0.00 0.00
Accounts Payable Turnover		 15.16 17.25 14.17 12.10 11.44 13.18 11.79 12.80 13.81 14.87
Days Sales Outstanding (DSO)		 6.75 6.16 7.90 11.80 11.05 8.79 11.27 10.70 9.90 7.59
Days Inventory Outstanding (DIO)		 68.51 74.21 76.50 73.09 69.12 61.04 52.21 48.58 43.47 46.62
Days Payable Outstanding (DPO)		 24.08 21.16 25.75 30.17 31.90 27.70 30.95 28.52 26.42 24.54
Cash Conversion Cycle (CCC)		 51.18 59.20 58.65 54.72 48.27 42.14 32.53 30.76 26.94 29.67
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 7,620 6,307 6,934 5,950 5,195 4,929 5,799 5,234 5,036 4,783
Invested Capital Turnover		 2.52 2.42 1.99 1.71 1.75 1.92 1.76 2.09 2.45 2.82
Increase / (Decrease) in Invested Capital		 3,709 1,387 1,116 -1,891 -2,425 -1,378 -1,135 -716 -159 -146
Enterprise Value (EV)		 9,494 7,327 8,632 9,399 9,329 10,723 15,534 19,761 25,984 29,657
Market Capitalization		 2,148 502 1,038 2,752 4,473 6,037 10,024 15,053 21,559 26,134
Book Value per Share		 $1.45 ($2.74) ($3.49) ($3.69) $1.79 $1.22 $2.49 $2.60 $2.95 $6.07
Tangible Book Value per Share		 ($3.44) ($3.11) ($3.84) ($4.01) $1.49 $0.96 $2.07 $2.38 $2.76 $5.90
Total Capital		 8,447 7,256 7,628 6,962 6,182 5,889 6,126 6,262 6,431 7,007
Total Debt		 8,073 8,309 8,950 8,368 6,384 6,273 6,437 6,147 6,145 5,632
Total Long-Term Debt		 7,285 6,574 7,046 7,008 5,755 5,416 5,968 5,872 5,860 5,256
Net Debt		 7,246 7,360 8,256 7,356 5,397 5,313 6,110 5,119 4,750 3,408
Capital Expenditures (CapEx)		 90 17 20 -3.00 -6.00 4.00 13 19 26 22
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2,552 2,788 2,976 2,081 1,433 1,682 2,100 1,606 1,496 1,683
Debt-free Net Working Capital (DFNWC)		 3,379 3,737 3,670 3,093 2,420 2,642 2,427 2,634 2,891 3,907
Net Working Capital (NWC)		 2,591 2,002 1,766 1,733 1,791 1,785 1,958 2,359 2,606 3,531
Net Nonoperating Expense (NNE)		 300 531 194 134 -695 173 88 206 191 106
Net Nonoperating Obligations (NNO)		 7,246 7,360 8,256 7,356 5,397 5,313 6,110 5,119 4,750 3,408
Total Depreciation and Amortization (D&A)		 86 89 101 96 93 86 87 80 77 76
Debt-free, Cash-free Net Working Capital to Revenue		 17.58% 20.49% 23.41% 17.64% 12.81% 15.62% 18.71% 13.76% 11.92% 12.31%
Debt-free Net Working Capital to Revenue		 23.27% 27.47% 28.87% 26.22% 21.64% 24.53% 21.62% 22.57% 23.04% 28.57%
Net Working Capital to Revenue		 17.84% 14.72% 13.89% 14.69% 16.01% 16.57% 17.44% 20.22% 20.76% 25.82%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.67) ($7.83) ($1.51) ($0.55) $7.05 ($0.87) $0.24 $0.15 $0.69 $0.64
Adjusted Weighted Average Basic Shares Outstanding		 105.86M 100.83M 106.01M 106.22M 110.84M 109.32M 116.30M 118.93M 123.88M 122.34M
Adjusted Diluted Earnings per Share		 ($2.67) ($7.83) ($1.51) ($0.55) $7.05 ($0.79) $0.24 $0.14 $0.64 $0.57
Adjusted Weighted Average Diluted Shares Outstanding		 105.86M 100.83M 106.01M 106.22M 205.96M 200.58M 212.24M 128.47M 133.56M 132.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 188.85M 188.97M 189.08M 189.44M 199.65M 201.90M 202.57M 206.94M 207.63M 213.17M
Normalized Net Operating Profit after Tax (NOPAT)		 -208 -910 -92 29 46 -27 94 254 236 182
Normalized NOPAT Margin		 -6.14% -32.08% -3.55% 0.99% 1.67% -1.10% 3.06% 7.44% 6.45% 5.13%
Pre Tax Income Margin		 -15.00% -50.79% -11.05% -3.54% 27.77% -8.33% 1.57% 1.44% 4.02% 4.40%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -2.32 -8.42 -0.81 0.32 0.00 -0.22 1.28 1.28 1.91 2.01
NOPAT to Interest Expense		 -1.36 -5.95 -0.58 0.19 0.00 -0.16 0.79 1.45 2.11 1.72
EBIT Less CapEx to Interest Expense		 -2.91 -8.53 -0.94 0.34 0.00 -0.25 1.20 1.17 1.75 1.87
NOPAT Less CapEx to Interest Expense		 -1.95 -6.06 -0.71 0.21 0.00 -0.19 0.72 1.34 1.95 1.58
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Carvana's Financials

When does Carvana's financial year end?

According to the most recent income statement we have on file, Carvana's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Carvana's net income changed over the last 9 years?

Carvana's net income appears to be on an upward trend, with a most recent value of $404 million in 2024, falling from -$36.78 million in 2015. The previous period was $150 million in 2023.

What is Carvana's operating income?
Carvana's total operating income in 2024 was $990 million, based on the following breakdown:
  • Total Gross Profit: $2.88 billion
  • Total Operating Expenses: $1.89 billion
How has Carvana revenue changed over the last 9 years?

Over the last 9 years, Carvana's total revenue changed from $130.39 million in 2015 to $13.67 billion in 2024, a change of 10,386.1%.

How much debt does Carvana have?

Carvana's total liabilities were at $7.11 billion at the end of 2024, a 4.6% decrease from 2023, and a 3,440.0% increase since 2016.

How much cash does Carvana have?

In the past 8 years, Carvana's cash and equivalents has ranged from $39.18 million in 2016 to $1.72 billion in 2024, and is currently $1.72 billion as of their latest financial filing in 2024.

How has Carvana's book value per share changed over the last 9 years?

Over the last 9 years, Carvana's book value per share changed from 0.00 in 2015 to 6.07 in 2024, a change of 606.9%.


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This page (NYSE:CVNA) was last updated on 4/30/2025 by MarketBeat.com Staff
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