Carvana (CVNA) FCF Margin (2016 - 2026)
Carvana (CVNA) recorded quarterly FCF Margin of 0.87% in Q1 2026, down 87.13% quarter-over-quarter from 6.76% in Q4 2025, and down 397.0% on a YoY basis from 0.29% in Q1 2025.
Carvana (CVNA) FCF Margin (2016 - 2026) Analysis & Trends
Carvana's FCF Margin history runs 11 years deep, the most recent figure standing at 0.87% for Q1 2026.
- In Q1 2026, FCF Margin fell 397.0% year-over-year to 0.87%; the TTM figure through Mar 2026 stood at 3.56% (down 315.0% YoY), while the FY2025 annual figure was 4.37%, down 167.0% from the prior year.
- FCF Margin was 0.87% for Q1 2026 at Carvana, down from 6.76% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 20.92% in Q3 2023 to a low of 28.2% in Q4 2022.
- Historically, FCF Margin has averaged 0.55% across 5 years, with a median of 1.01% in 2024.
- The sharpest annual moves came in 2023 and 2024: FCF Margin surged 2647 bps in 2023, then sank 992 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 28.2% in 2022, then surged by 62 bps to 10.6% in 2023, then jumped by 110 bps to 1.01% in 2024, then surged by 566 bps to 6.76% in 2025, then tumbled by 87 bps to 0.87% in 2026.
- The last three FCF Margin figures came in at 0.87% (Q1 2026), 6.76% (Q4 2025), and 6.04% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | - |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 0.87% |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | -11.56% |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | -2.22% |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | -0.52% |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | -0.35% |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 7.46% |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 27.75% |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 0.16% |
| 10 | Asbury Automotive | 3.63 Bn | 3.60 Bn | 726.90 Mn | 5.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.87% |
| Dec 31, 2025 | 6.76% |
| Sep 30, 2025 | 6.04% |
| Jun 30, 2025 | 0.54% |
| Mar 31, 2025 | 4.84% |
| 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% |
| Jun 30, 2021 | -21.55% |