Carvana (CVNA) EBITDA Margin (2016 - 2026)
Carvana's EBITDA Margin was 9.75% in Q3 2026, down 1.23 percentage points from 10.98% a year earlier and down 0.46 percentage points from the prior quarter.
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Analysis
Carvana (CVNA) EBITDA Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carvana's EBITDA Margin was 9.79% through Sep 30, 2026, down 1.19 percentage points year-over-year; for FY2025, it came in at 10.66%, up 1.08 percentage points from FY2024.
- EBITDA Margin has now increased for three consecutive years, with a five-year change of +15.28 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 9.58% in FY2024 (+6.83 pp), 2.75% in FY2023 (+17.91 pp), -15.16% in FY2022 (-15.26 pp) and 0.09% in FY2021 (+4.71 pp).
- Quarterly EBITDA Margin has moved between -12.34% (Q4 2022) and 11.98% (Q2 2025) over five years.
- Compared with a year earlier, EBITDA Margin has declined for five straight quarters, with an average year-over-year change of +1.06 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q4 2023 (a gain of 14.32 percentage points); the worst was Q4 2022 (a drop of 10.53 percentage points).
- Per Business Quant data, CVNA's EBITDA Margin in the three quarters before Q3 2026 was 10.21% (Q2 2026), 10.15% (Q1 2026) and 8.87% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,583.91 Bn | 2,583.91 Bn | - | - |
| 2 | Home Depot | 327.32 Bn | 320.57 Bn | 16.12 Bn | 16.60% |
| 3 | Tjx Companies | 155.16 Bn | 132.70 Bn | 5.07 Bn | 15.33% |
| 4 | Lowes Companies | 116.41 Bn | 109.37 Bn | 8.58 Bn | 16.17% |
| 5 | O Reilly Automotive | 72.96 Bn | 72.96 Bn | 2.68 Bn | - |
| 6 | Ross Stores | 72.59 Bn | 55.51 Bn | 2.12 Bn | 19.85% |
| 7 | Target | 69.63 Bn | 64.22 Bn | 8.94 Bn | 12.60% |
| 8 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | 23.36% |
| 9 | Carvana | 49.71 Bn | 39.29 Bn | 1.52 Bn | 9.75% |
| 10 | JD.com | 36.48 Bn | -83.72 Bn | 8.74 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.75% |
| Jun 30, 2026 | 10.21% |
| Mar 31, 2026 | 10.15% |
| Dec 31, 2025 | 8.87% |
| Sep 30, 2025 | 10.98% |
| Jun 30, 2025 | 11.98% |
| Mar 31, 2025 | 11.08% |
| Dec 31, 2024 | 9.47% |
| Sep 30, 2024 | 11.33% |
| Jun 30, 2024 | 9.94% |
| Mar 31, 2024 | 7.22% |
| Dec 31, 2023 | 1.98% |
| Sep 30, 2023 | 5.08% |
| Jun 30, 2023 | 4.65% |
| Mar 31, 2023 | -1.19% |
| Dec 31, 2022 | -12.34% |
| Sep 30, 2022 | -6.23% |
| Jun 30, 2022 | -6.57% |
| Mar 31, 2022 | -11.04% |
| Dec 31, 2021 | -1.81% |
API Access
Carvana EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CVNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();