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Carvana $CVNA

Consumer Discretionary · Automotive Retail · NYSE/NASDAQ

S&P 500 Russell 1000 Arizona

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$60.14

+1.43 (+2.44%)

As of Oct 20, 2026, 2:00 PM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 20, 2026, the first target we tracked for CVNA.

Key facts

52-week range (closes): $56.26 – $95.69 Lowest close Mar 20, 2026, highest Jan 22, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Next earnings: Oct 28, 2026, after the close · EPS forecast $0.48 Nasdaq earnings calendar, as of Oct 20, 2026
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Dec 22, 2025, replacing LKQ Corporation (LKQ), Solstice Advanced Materials (SOLS) and Mohawk Industries (MHK) · Market capitalization changes. · All S&P 500 changes
IPO: Apr 28, 2017 · priced at $15.00 · NYSE · IPO details
Analyst coverage: 1 open price target from 1 firm: Morgan Stanley Approved targets tracked here; see the analyst section below

Carvana (CVNA) is trading up at $60.14 (+2.44%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.

Analyst price targets on CVNA

One firm's current price target on Carvana: $102 — 70% above the current $60.1. Each is tracked to its date and scored the same way a member's call is.

Morgan Stanley $64.1 → $102 by Jul 2027 Overweight Jul 20, 2026 via Investing.com · Morgan Stanley's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Carvana revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Carvana annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$365.1M	$858.9M	$1.96B	$3.94B	$5.59B	$12.8B	$13.6B	$10.8B	$13.7B	$20.3B
Growth (year over year)	+180.0%	+135.2%	+127.7%	+101.5%	+41.8%	+129.4%	+6.2%	−20.8%	+26.9%	+48.6%
Gross profit	$19.2M	$68.1M	$196.7M	$507.0M	$794.0M	$1.93B	$1.25B	$1.72B	$2.88B	$4.19B
Gross margin	5.3%	7.9%	10.1%	12.9%	14.2%	15.1%	9.2%	16.0%	21.0%	20.6%
Operating income	—	—	—	—	—	—	−$2.35B	−$80.0M	$990.0M	$1.88B
Operating margin	—	—	—	—	—	—	−17.3%	−0.7%	7.2%	9.3%
Net income	−$93.1M	−$62.8M	−$55.5M	−$115.0M	−$171.0M	−$135.0M	−$1.59B	$450.0M	$210.0M	$1.41B
Net margin	−25.5%	−7.3%	−2.8%	−2.9%	−3.1%	−1.1%	−11.7%	4.2%	1.5%	6.9%
EPS (diluted)	—	—	—	−$2.45	−$2.63	−$1.63	−$15.74	$0.75	$1.59	$8.45
Balance sheet
Cash and equivalents	$39.2M	$172.7M	$78.9M	$76.0M	$301.0M	$403.0M	$434.0M	$530.0M	$1.72B	$2.33B
Total assets	$335.8M	$641.1M	$991.0M	$2.06B	$3.04B	$7.01B	$8.70B	$7.07B	$8.48B	$13.2B
Total liabilities	$200.8M	$361.6M	$763.6M	$1.87B	$2.23B	$6.49B	$9.75B	$7.46B	$7.11B	$9.00B
Long-term debt	$4.40M	$48.5M	$425.3M	$883.1M	$1.62B	$3.21B	$6.57B	$5.42B	$5.26B	$4.83B
Shareholders' equity	−$116.0M	$125.7M	$79.7M	$98.1M	$388.0M	$306.0M	−$518.0M	$243.0M	$1.26B	$3.44B
Cash flow
Operating cash flow	−$240.2M	−$199.9M	−$414.3M	−$757.0M	−$608.0M	−$2.59B	−$1.32B	$803.0M	$918.0M	$1.04B
Capital expenditure	$39.5M	$78.5M	$143.7M	$231.0M	$360.0M	$557.0M	$512.0M	$87.0M	$91.0M	$147.0M
Free cash flow	−$279.8M	−$278.4M	−$558.0M	−$988.0M	−$968.0M	−$3.15B	−$1.84B	$716.0M	$827.0M	$889.0M
Dividends paid	$0	$0	$4.62M	—	—	—	—	—	—	—

RevenueNet incomeNet margin (right axis, %)

Carvana quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$3.65B	$3.55B	$4.23B	$4.84B	$5.65B	$5.60B	$6.43B	$7.38B
Growth (year over year)	+31.8%	+46.3%	+38.3%	+41.9%	+54.5%	+58.0%	+52.0%	+52.4%
Gross profit	$807.0M	$763.0M	$929.0M	$1.06B	$1.15B	$1.05B	$1.27B	$1.38B
Gross margin	22.1%	21.5%	22.0%	22.0%	20.3%	18.8%	19.8%	18.8%
Operating income	$337.0M	$260.0M	$394.0M	$511.0M	$552.0M	$424.0M	$581.0M	$680.0M
Operating margin	9.2%	7.3%	9.3%	10.6%	9.8%	7.6%	9.0%	9.2%
Net income	$85.0M	$79.0M	$216.0M	$183.0M	$151.0M	$857.0M	$250.0M	$310.0M
Net margin	2.3%	2.2%	5.1%	3.8%	2.7%	15.3%	3.9%	4.2%
Balance sheet
Cash and equivalents	$871.0M	$1.72B	$1.86B	$1.86B	$2.14B	$2.33B	$2.41B	$2.63B
Total assets	$7.37B	$8.48B	$8.88B	$9.37B	$9.85B	$13.2B	$13.8B	$14.6B
Total liabilities	$7.08B	$7.11B	$7.11B	$7.25B	$6.90B	$9.00B	$9.14B	$9.41B
Long-term debt	$5.43B	$5.26B	$5.27B	$5.32B	$4.81B	$4.83B	$4.85B	$4.85B
Shareholders' equity	$611.0M	$1.26B	$1.50B	$1.73B	$2.28B	$3.44B	$3.72B	$4.03B
Cash flow
Operating cash flow	$403.0M	$60.0M	$232.0M	$29.0M	$345.0M	$430.0M	$107.0M	$238.0M
Capital expenditure	$27.0M	$24.0M	$27.0M	$31.0M	$38.0M	$51.0M	$51.0M	$51.0M
Free cash flow	$376.0M	$36.0M	$205.0M	−$2.00M	$307.0M	$379.0M	$56.0M	$187.0M

From Carvana's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Carvana vs the Consumer Discretionary sector and the S&P 500

Carvana's latest reported figures next to the median of the other 46 S&P 500 Consumer Discretionary companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Carvana compared with the median Consumer Discretionary company and the median S&P 500 company
Measure	Carvana	Consumer Discretionary (46 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+48.6%	+4.9%	+7.0%
Net margin, latest fiscal year	6.9%	10.2%	13.0%
Share price change, 1 year	−13.0%	−9.2%	+5.9%

Carvana: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Carvana included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 46/496, net margin 46/496, 1-year price change 46/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.

About Carvana

Carvana Co. is an American online car retailer based in Tempe, Arizona. Carvana was named to the 2021 Fortune 500 list, one of the youngest companies to be added to the list.

Source: Wikipedia — Carvana