Carvana (CVNA) FCF Margin (2016 - 2026)

Carvana (CVNA) posted quarterly FCF Margin of 3.17% for Q2 2026, up 264.0% year-over-year from 0.87% in Q2 2025, and up 264.38% quarter-over-quarter from 0.87% in Q1 2026.

Carvana (CVNA) FCF Margin (2016 - 2026) Analysis & Trends

Carvana's FCF Margin history runs 11 years deep, the most recent figure standing at 3.17% for Q2 2026.

  • In Q2 2026, FCF Margin rose 264.0% year-over-year to 3.17%; the TTM figure through Jun 2026 stood at 4.03% (down 6.0% YoY), while the FY2025 annual figure was 4.37%, down 167.0% from the prior year.
  • FCF Margin for Q2 2026 stood at 3.17%, up from 0.87% in the prior quarter.
  • The five-year high for FCF Margin was 20.92% in Q3 2023, with the low at 28.2% in Q4 2022.
  • The 5-year median for FCF Margin is 1.86% (2024), against an average of 0.69%.
  • The sharpest annual moves came in 2023 and 2024: FCF Margin jumped 2647 bps in 2023, then plunged 992 bps in 2024.
  • Carvana's FCF Margin stood at 28.2% in 2022, then jumped by 62 bps to 10.6% in 2023, then soared by 110 bps to 1.01% in 2024, then jumped by 566 bps to 6.76% in 2025, then sank by 53 bps to 3.17% in 2026.
  • Business Quant data shows CVNA's FCF Margin at 3.17% in Q2 2026, 0.87% in Q1 2026, and 6.76% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Uxin 79.73 Bn 79.73 Bn - -
2 Carvana 51.31 Bn 48.57 Bn 1.38 Bn 3.17%
3 Penske Automotive 14.31 Bn 14.24 Bn 1.36 Bn 1.55%
4 Lithia Motors 8.61 Bn 8.25 Bn 1.50 Bn -1.25%
5 Carmax 8.33 Bn 7.73 Bn 854.41 Mn -1.07%
6 Autonation 7.02 Bn 6.97 Bn 1.23 Bn -2.03%
7 Rush Enterprises Inc \Tx\ 6.34 Bn 6.08 Bn 361.67 Mn 2.68%
8 Autozi Internet Technology (Global) 6.33 Bn 6.14 Bn - -
9 Valvoline 4.30 Bn 4.22 Bn 214.90 Mn 12.36%
10 Openlane 4.29 Bn 4.10 Bn 248.20 Mn 7.03%

Historic Data

Download Data
DateValue
Jun 30, 2026 3.17%
Mar 31, 2026 0.87%
Dec 31, 2025 6.76%
Sep 30, 2025 6.04%
Jun 30, 2025 0.54%
Mar 31, 2025 4.75%
Dec 31, 2024 1.01%
Sep 30, 2024 11.00%
Jun 30, 2024 10.35%
Mar 31, 2024 2.71%
Dec 31, 2023 -10.60%
Sep 30, 2023 20.92%
Jun 30, 2023 16.54%
Mar 31, 2023 -3.76%
Dec 31, 2022 -28.20%
Sep 30, 2022 -5.55%
Jun 30, 2022 -0.90%
Mar 31, 2022 -23.25%
Dec 31, 2021 -35.68%
Sep 30, 2021 -13.76%