Carvana (CVNA) EBT Margin (2016 - 2026)
Carvana (CVNA) recorded EBT Margin of 6.87% in Q3 2026, up 2.28 percentage points from 4.59% a year earlier but down 0.98 percentage points from the prior quarter.
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Analysis
Carvana (CVNA) EBT Margin (2016 - 2026) Analysis & Trends
On a TTM basis, Carvana's EBT Margin came in at -0.95% as of Sep 30, 2026, down 6.96 percentage points year-over-year; for FY2025, it came in at -4.38%, down 7.30 percentage points from FY2024.
- Annual EBT Margin has a five-year change of +3.89 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at 2.93% in FY2024 (+1.30 pp), 1.62% in FY2023 (+22.94 pp), -21.32% in FY2022 (-19.09 pp) and -2.23% in FY2021 (+6.04 pp).
- Quarterly EBT Margin has ranged from -51.04% in Q4 2022 to 27.77% in Q3 2023 over the past five years.
- On a year-over-year basis, EBT Margin rose in six of the last eight quarters, with an average year-over-year change of -1.23 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 42.77 percentage points in Q3 2023, against a drop of 46.22 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.85% (Q2 2026), 6.86% (Q1 2026) and -32.70% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT 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 | 13.19% |
| 3 | Tjx Companies | 155.16 Bn | 132.70 Bn | 5.07 Bn | 13.29% |
| 4 | Lowes Companies | 116.41 Bn | 109.37 Bn | 8.58 Bn | 12.23% |
| 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 | 18.11% |
| 7 | Target | 69.63 Bn | 64.22 Bn | 8.94 Bn | 9.27% |
| 8 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | 17.71% |
| 9 | Carvana | 49.71 Bn | 39.29 Bn | 1.52 Bn | 6.87% |
| 10 | JD.com | 36.48 Bn | -83.72 Bn | 8.74 Bn | 3.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.87% |
| 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% |
API Access
Carvana EBT 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=ebt-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();