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Carvana $CVNA

Consumer Discretionary · Automotive Retail · NYSE/NASDAQ

S&P 500 Russell 1000 Arizona

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$63.00

-0.88 (-1.38%)

As of Oct 7, 2026, 2:41 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.

Carvana (CVNA) is trading down at $63.00 (-1.38%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.

IPO: April 28, 2017 · $15.00 offering · NYSE · View IPO details →

Analyst price targets on CVNA

One firm's current price target on Carvana: $102 — 62% above the current $63. 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 income

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 income

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. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

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