Carvana (CVNA) Free Cash Flow (2016 - 2026)
Carvana (CVNA) posted Free Cash Flow of $234.0 million for Q2 2026, up 317.86% on a QoQ basis from $56.0 million in Q1 2026, and up 800.0% year-over-year from $26.0 million in Q2 2025.
Analysis
Carvana (CVNA) Free Cash Flow (2016 - 2026) Analysis & Trends
Carvana has reported Free Cash Flow for 11 years, with the latest figure at $234.0 million in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 800.0% year-over-year to $234.0 million in Q2 2026; TTM through Jun 2026 was $1.0 billion, a 51.88% increase from a year earlier, with the FY2025 full-year figure at $889.0 million, up 7.5% from the prior year.
- Free Cash Flow was $234.0 million for Q2 2026 at Carvana, up from $56.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $580.0 million in Q3 2023, with the low at -$813.0 million in Q1 2022.
- Average Free Cash Flow over 5 years is $55.1 million, with a median of $69.5 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Free Cash Flow soared 1502.86% in 2023, then plunged 92.63% in 2025.
- Over 5 years, Free Cash Flow stood at -$800.0 million in 2022, then soared by 67.88% to -$257.0 million in 2023, then surged by 114.01% to $36.0 million in 2024, then jumped by 952.78% to $379.0 million in 2025, then slumped by 38.26% to $234.0 million in 2026.
- The last three Free Cash Flow figures came in at $234.0 million (Q2 2026), $56.0 million (Q1 2026), and $379.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Carvana | 71.60 Bn | 69.97 Bn | 1.38 Bn | 234.00 Mn |
| 2 | Penske Automotive | 13.96 Bn | 13.91 Bn | 1.36 Bn | 131.80 Mn |
| 3 | Carmax | 8.11 Bn | 7.52 Bn | 854.41 Mn | -85.75 Mn |
| 4 | Lithia Motors | 6.96 Bn | 6.62 Bn | 1.50 Bn | -122.00 Mn |
| 5 | Autonation | 5.57 Bn | 5.51 Bn | 1.23 Bn | -140.70 Mn |
| 6 | Sonic Automotive | 5.24 Bn | 5.22 Bn | 616.20 Mn | -217.80 Mn |
| 7 | Uxin | 5.15 Bn | 5.21 Bn | 10.88 Mn | - |
| 8 | Asbury Automotive | 3.29 Bn | 3.25 Bn | 753.10 Mn | 58.40 Mn |
| 9 | Group 1 Automotive | 2.94 Bn | 2.77 Bn | 860.60 Mn | 19.80 Mn |
| 10 | Marinemax | 1.16 Bn | 996.41 Mn | 218.08 Mn | 77.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 234.00 Mn |
| Mar 31, 2026 | 56.00 Mn |
| Dec 31, 2025 | 379.00 Mn |
| Sep 30, 2025 | 341.00 Mn |
| Jun 30, 2025 | 26.00 Mn |
| Mar 31, 2025 | 201.00 Mn |
| Dec 31, 2024 | 36.00 Mn |
| Sep 30, 2024 | 402.00 Mn |
| Jun 30, 2024 | 353.00 Mn |
| Mar 31, 2024 | 83.00 Mn |
| Dec 31, 2023 | -257.00 Mn |
| Sep 30, 2023 | 580.00 Mn |
| Jun 30, 2023 | 491.00 Mn |
| Mar 31, 2023 | -98.00 Mn |
| Dec 31, 2022 | -800.00 Mn |
| Sep 30, 2022 | -188.00 Mn |
| Jun 30, 2022 | -35.00 Mn |
| Mar 31, 2022 | -813.00 Mn |
| Dec 31, 2021 | -1.34 Bn |
| Sep 30, 2021 | -479.00 Mn |