Carvana (CVNA) EBT Margin (2016 - 2026)
Carvana (CVNA) posted EBT Margin of 7.85% for Q2 2026, up 14.49% on a QoQ basis from 6.86% in Q1 2026, and up 149.0% year-over-year from 3.15% in Q2 2025.
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Carvana (CVNA) EBT Margin (2016 - 2026) Analysis & Trends
Carvana has reported EBT Margin for 11 years, with the latest figure at 7.85% in Q2 2026.
- On a quarterly basis, EBT Margin rose 149.0% year-over-year to 7.85% in Q2 2026; TTM through Jun 2026 was 2.21%, a 827.0% decrease from a year earlier, with the FY2025 full-year figure at 4.38%, down 730.0% from the prior year.
- EBT Margin was 7.85% for Q2 2026 at Carvana, up from 6.86% in the prior quarter.
- The five-year high for EBT Margin was 27.77% in Q3 2023, with the low at 51.04% in Q4 2022.
- Average EBT Margin over 5 years is 4.09%, with a median of 1.5% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBT Margin slumped 4622 bps in 2022, then surged 4277 bps in 2023.
- Over 5 years, EBT Margin stood at 51.04% in 2022, then jumped by 84 bps to 8.33% in 2023, then jumped by 153 bps to 4.4% in 2024, then tumbled by 843 bps to 32.7% in 2025, then jumped by 124 bps to 7.85% in 2026.
- The last three EBT Margin figures came in at 7.85% (Q2 2026), 6.86% (Q1 2026), and 32.7% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carvana | 71.60 Bn | 69.97 Bn | 1.38 Bn | 7.85% |
| 2 | Penske Automotive | 13.96 Bn | 13.91 Bn | 1.36 Bn | 4.16% |
| 3 | Carmax | 8.11 Bn | 7.52 Bn | 854.41 Mn | 3.23% |
| 4 | Lithia Motors | 6.96 Bn | 6.62 Bn | 1.50 Bn | 3.60% |
| 5 | Autonation | 5.57 Bn | 5.51 Bn | 1.23 Bn | 3.52% |
| 6 | Sonic Automotive | 5.24 Bn | 5.22 Bn | 616.20 Mn | 2.04% |
| 7 | Uxin | 5.15 Bn | 5.21 Bn | 10.88 Mn | -8.53% |
| 8 | Asbury Automotive | 3.29 Bn | 3.25 Bn | 753.10 Mn | 3.45% |
| 9 | Group 1 Automotive | 2.94 Bn | 2.77 Bn | 860.60 Mn | 2.50% |
| 10 | Marinemax | 1.16 Bn | 996.41 Mn | 218.08 Mn | 3.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.85% |
| Mar 31, 2026 | 6.86% |
| Dec 31, 2025 | -32.70% |
| Sep 30, 2025 | 4.59% |
| Jun 30, 2025 | 6.36% |
| Mar 31, 2025 | 8.86% |
| Dec 31, 2024 | 4.40% |
| Sep 30, 2024 | 4.02% |
| Jun 30, 2024 | 1.44% |
| Mar 31, 2024 | 1.57% |
| Dec 31, 2023 | -8.33% |
| Sep 30, 2023 | 27.77% |
| Jun 30, 2023 | -3.54% |
| Mar 31, 2023 | -11.05% |
| Dec 31, 2022 | -51.04% |
| Sep 30, 2022 | -15.00% |
| Jun 30, 2022 | -11.28% |
| Mar 31, 2022 | -14.47% |
| Dec 31, 2021 | -4.82% |
| Sep 30, 2021 | -1.95% |