Last 42 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.21 | 39.18 | 46.24 | 17.70 | 91.57 | 65.81 | 34.62 | 90.78 | 68.01 | 229.82 | 87.90 | — | 2.77 | — | — | — | — | — | — | — | — |
| — | -40.5% | +33.6% | -80.5% | +34.6% | -71.4% | -60.6% | — | +2359.3% | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 3.12 | 1.65 | 1.81 | 4.25 | 2.44 | 2.49 | 1.76 | 2.00 | 1.59 | 1.21 | 0.83 | 0.62 | 0.42 | 0.23 | 0.10 | 0.04 | 0.16 | 0.15 | 0.77 | 1.34 | 1.84 |
| — | -33.8% | +2.7% | +111.8% | +53.6% | +105.7% | +111.0% | +221.7% | +281.3% | +423.1% | +737.7% | +1308.7% | +162.9% | +57.0% | -87.0% | -96.7% | -91.4% | -92.0% | -66.3% | -44.1% | -27.4% | |
| P/B Ratio | 15.42 | 9.48 | 10.05 | 22.64 | 18.70 | 22.80 | 16.82 | 20.68 | 81.30 | 143.77 | — | — | — | — | — | — | 5.75 | 2.65 | 206.70 | 38.39 | 36.11 |
| — | -58.4% | -40.2% | +9.5% | -77.0% | -84.1% | — | — | — | — | — | — | — | — | — | — | -84.1% | -91.7% | +627.2% | +75.5% | +122.4% | |
| P/FCF | 71.33 | 65.11 | 207.85 | 62.78 | 44.94 | — | 36.36 | 197.50 | 15.46 | 12.45 | 30.79 | — | 1.99 | 1.40 | — | — | — | — | — | — | — |
| — | — | +471.6% | -68.2% | +190.7% | — | +18.1% | — | +675.2% | +788.8% | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 30.89 | 17.25 | 19.11 | 49.88 | 23.79 | 22.60 | 18.20 | 23.89 | 17.35 | 16.47 | 18.90 | 67.88 | 19.26 | 20.04 | — | — | — | — | — | — | 1459.36 |
| — | -23.6% | +5.0% | +108.8% | +37.1% | +37.2% | -3.7% | -64.8% | -9.9% | -17.8% | — | — | — | — | — | — | — | — | — | — | +315.9% | |
| EV / EBIT | 35.41 | 19.01 | 23.01 | — | 38.22 | 29.11 | 16.54 | 26.95 | 23.46 | 24.93 | 18.56 | — | 2.84 | 52.91 | — | — | — | — | — | — | — |
| — | -34.7% | +39.1% | — | +62.9% | +16.8% | -10.9% | — | +726.4% | -52.9% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.6% | 18.8% | 19.8% | 18.8% | 20.3% | 21.2% | 21.0% | 20.4% | 21.0% | 19.8% | 17.9% | 14.8% | 15.8% | 16.8% | 9.7% | 4.1% | 8.5% | 8.6% | 7.5% | 12.9% | 14.3% |
| — | -11.6% | -5.7% | -7.8% | -3.1% | +7.4% | +17.1% | +37.4% | +33.2% | +17.6% | +84.4% | +259.1% | +85.9% | +94.9% | +29.6% | -68.1% | -40.5% | -45.6% | -46.8% | +6.1% | -16.6% | |
| Operating Margin | 9.3% | 9.2% | 9.0% | 7.6% | 9.8% | 10.6% | 9.3% | 7.6% | 9.2% | 7.6% | 4.4% | -1.5% | 1.8% | 1.4% | -5.0% | -15.5% | -8.8% | -8.4% | -12.3% | -2.8% | -0.7% |
| — | -13.0% | -3.0% | -0.2% | +5.7% | +39.0% | +111.1% | +596.8% | +423.4% | +438.8% | +187.7% | +90.1% | +120.1% | +116.9% | +59.0% | -458.4% | -1227.2% | -440.4% | -366.8% | +48.8% | -45.8% | |
| Net Margin | 6.9% | 4.2% | 3.9% | 15.3% | 2.7% | 3.8% | 5.1% | 2.2% | 2.3% | 0.5% | 0.9% | -4.7% | 28.2% | -2.0% | -6.1% | -28.4% | -8.4% | -6.1% | -7.4% | -2.4% | -0.9% |
| — | +11.2% | -23.8% | +586.8% | +15.0% | +616.2% | +458.0% | +147.4% | -91.8% | +127.0% | +114.9% | +83.4% | +437.4% | +68.1% | +17.4% | -1098.0% | -809.0% | -1029.1% | -363.6% | +31.6% | -102.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 50.4% | 6.3% | 5.7% | 24.0% | 6.0% | 9.4% | 13.7% | 9.5% | 42.4% | 15.7% | — | — | — | — | — | — | -45.7% | -52.0% | -90.1% | -14.4% | -4.3% |
| — | -32.6% | -58.8% | +151.9% | -85.9% | -39.9% | — | — | — | — | — | — | — | — | — | — | -955.8% | -1860.9% | -1805.7% | -100.9% | -498.4% | |
| ROA | 13.0% | 2.2% | 1.9% | 7.4% | 1.6% | 2.0% | 2.5% | 1.0% | 1.2% | 0.3% | 0.4% | -1.6% | 10.5% | -0.7% | -1.8% | -8.8% | -2.8% | -2.6% | -3.6% | -1.4% | -0.6% |
| — | +9.1% | -25.5% | +645.9% | +34.4% | +688.6% | +524.4% | +161.6% | -88.9% | +136.2% | +121.6% | +81.6% | +473.8% | +73.3% | +48.2% | -511.8% | -336.9% | -602.4% | -239.0% | +34.5% | -139.6% | |
| ROIC | 21.5% | 6.4% | 5.7% | 4.6% | 6.4% | 6.2% | 5.1% | 3.6% | 4.5% | 3.4% | 1.7% | -0.5% | 0.6% | 0.5% | -1.4% | -4.3% | -2.7% | -3.3% | -5.2% | -1.5% | -0.4% |
| — | +2.8% | +13.4% | +28.0% | +43.4% | +85.6% | +191.9% | +838.5% | +638.4% | +624.2% | +227.8% | +88.6% | +122.6% | +114.2% | +73.8% | -179.2% | -535.1% | -279.0% | -210.9% | +53.1% | -66.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.31 | 1.09 | 1.20 | 1.31 | 1.95 | 2.89 | 3.41 | 4.40 | 21.49 | 53.45 | — | — | — | — | — | — | 21.59 | 9.92 | 129.31 | 11.00 | 5.54 |
| — | -62.1% | -64.9% | -70.1% | -90.9% | -94.6% | — | — | — | — | — | — | — | — | — | — | +290.0% | +136.7% | +3496.9% | +371.4% | +279.6% | |
| Debt / EBITDA | 2.56 | 7.50 | 8.53 | 11.20 | 9.32 | 10.51 | 12.94 | 17.63 | 14.95 | 18.29 | 29.66 | 149.02 | 47.57 | 63.42 | — | — | — | — | — | — | 783.80 |
| — | -28.6% | -34.1% | -36.5% | -37.7% | -42.5% | -56.4% | -88.2% | -68.6% | -71.2% | — | — | — | — | — | — | — | — | — | — | +570.8% | |
| Current Ratio | 4.31 | 3.93 | 4.09 | 4.31 | 4.05 | 4.00 | 3.81 | 3.64 | 3.25 | 3.11 | 2.54 | 2.16 | 2.28 | 1.80 | 1.62 | 1.77 | 2.38 | 2.32 | 1.36 | 1.69 | 2.93 |
| — | -1.9% | +7.2% | +18.5% | +24.6% | +28.7% | +50.3% | +68.3% | +42.2% | +73.2% | +56.6% | +22.0% | -4.0% | -22.6% | +19.5% | +4.7% | -18.7% | -4.7% | -64.1% | -58.9% | -8.1% | |
| Quick Ratio | 2.73 | 2.33 | 2.57 | 2.73 | 2.55 | 2.58 | 2.70 | 2.44 | 2.12 | 2.02 | 1.62 | 1.41 | 1.51 | 1.20 | 1.10 | 1.05 | 1.01 | 1.11 | 0.47 | 0.60 | 1.11 |
| — | -9.7% | -4.6% | +11.9% | +20.2% | +27.7% | +66.0% | +72.4% | +40.9% | +68.5% | +47.9% | +34.8% | +49.5% | +8.0% | +132.7% | +73.9% | -9.6% | +16.3% | -72.4% | -68.2% | -21.6% | |
| Interest Coverage | -0.76 | 6.73 | 5.45 | -17.69 | 3.07 | 3.15 | 3.70 | 2.05 | 1.94 | 1.28 | 1.28 | -0.22 | 6.03 | 0.32 | -0.81 | -8.42 | -2.32 | -2.78 | -6.91 | -2.29 | -0.42 |
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Includes 30+ ratios · 42 years · Updated daily
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Quick answers to the most common questions about buying CVNA stock.
Carvana Co.'s current P/E is 34.2x. The average P/E over the last 4 quarters is 48.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Carvana Co.'s current operating margin is 9.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Carvana Co.'s business trajectory between earnings reports.