Carvana Co. (CVNA) P/E Ratio History
UndervaluedTrading at 39.4x vs 5Y avg 620.9x · 20th percentile · Below historical baseline · Data 2023–2026
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P/E Ratio Analysis
As of June 22, 2026, Carvana Co. (CVNA) trades at a price-to-earnings ratio of 39.4x, with a stock price of $66.55 and trailing twelve-month earnings per share of $2.16.
The current P/E is 94% below its 5-year average of 620.9x. Over the past five years, CVNA's P/E has ranged from a low of 31.5x to a high of 5616.1x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, CVNA trades at a 86% premium to its sector peers. The sector includes 307 companies with P/E ratios ranging from 0.1x to 184.9x.
Relative to the broader market, CVNA commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CVNA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CVNA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
CVNA P/E vs Peers
Automotive Retail and Parts peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $28B | 19.0 | 1.13 | +14% | |
| $8B | 31.9 | - | -48% | |
| $6B | 11.1 | 0.35Best | +1% | |
| $12B | 12.4 | 0.78 | -2% | |
| $7B | 9.1 | 0.86 | +9% | |
| $3B | 23.6 | - | -45% | |
| $4B | 7.8Lowest | 0.57 | +17%Best | |
| $4B | 12.5 | 1.23 | -32% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
CVNA Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $62.88 | $1.99 | 31.5x | -95% |
| FY2025 Q4 | Dec 31 2025 | $84.40 | $1.96 | 43.1x | -93% |
| FY2025 Q3 | - | $75.45 | $0.88 | 86.1x | -86% |
| FY2025 Q2 | Jun 30 2025 | $67.39 | $0.80 | 84.4x | -86% |
| FY2025 Q1 | Mar 31 2025 | $41.82 | $0.57 | 73.4x | -88% |
| FY2024 Q4 | - | $40.67 | $0.32 | 127.9x | -79% |
| FY2024 Q3 | Sep 30 2024 | $34.82 | $0.01 | 5616.1x | +804% |
| FY2024 Q2 | Jun 30 2024 | $25.74 | $0.64 | 40.4x | -93% |
| FY2024 Q1 | Mar 31 2024 | $17.58 | $0.50 | 35.1x | -94% |
| FY2023 Q4 | Dec 31 2023 | $10.59 | $0.15 | 71.3x | -89% |
Average P/E for displayed period: 620.9x
Full Stock Analysis
Deep dive into CVNA consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
3+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
CVNA — Frequently Asked Questions
Quick answers to the most common questions about buying CVNA stock.
What is CVNA's P/E ratio?
Carvana Co. (CVNA) trailing twelve-month P/E ratio is 39.4x, based on TTM diluted EPS of $2.16. The 5-year average P/E is 620.9x and the historical range spans 31.5x to 5616.1x.
Is CVNA stock overvalued or undervalued?
CVNA trades at 39.4x P/E, below its 5-year average of 620.9x. At the 20th percentile of its historical range (31.5x–5616.1x), the stock is priced at a discount to its own history.
Is CVNA stock expensive?
No, CVNA is not expensive on a historical basis. The current P/E of 39.4x is below the 5-year average of 620.9x and sits at the 20th percentile of its valuation range.
What is CVNA's historical P/E range?
Over the past 5 years, CVNA's P/E ratio has ranged from 31.5x to 5616.1x, with a median of 73.4x and an average of 620.9x. The current P/E of 39.4x places the stock at the 20th percentile of this range. Full historical data spans 2023–2026.
How does CVNA's P/E compare to the S&P 500?
CVNA trades at 39.4x P/E versus the S&P 500 median of 24.4x. The 61% premium to the market typically reflects higher expected earnings growth or quality.
How does CVNA's valuation compare to Consumer Cyclical peers?
Carvana Co. P/E of 39.4x compares to the Consumer Cyclical sector median of 21.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is CVNA's PEG ratio?
CVNA PEG ratio is N/A, based on a P/E of 39.4x and EPS growth of 431.4%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is CVNA's earnings yield?
CVNA earnings yield is 2.54%, the inverse of its 39.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.