Carvana (CVNA) Free Cash Flow (2016 - 2026)

Carvana (CVNA) recorded quarterly Free Cash Flow of $56.0 million in Q1 2026, down 85.22% quarter-over-quarter from $379.0 million in Q4 2025, and down 72.68% on a YoY basis from $205.0 million in Q1 2025.

Carvana (CVNA) Free Cash Flow (2016 - 2026) Analysis & Trends

Carvana's Free Cash Flow history runs 11 years deep, the most recent figure standing at $56.0 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 72.68% year-over-year to $56.0 million; the TTM figure through Mar 2026 stood at $802.0 million (down 19.48% YoY), while the FY2025 annual figure was $889.0 million, up 7.5% from the prior year.
  • Free Cash Flow was $56.0 million for Q1 2026 at Carvana, down from $379.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $580.0 million in Q3 2023 to a low of -$813.0 million in Q1 2022.
  • Historically, Free Cash Flow has averaged $44.8 million across 5 years, with a median of $56.0 million in 2026.
  • The sharpest annual moves came in 2023 and 2025: Free Cash Flow surged 1502.86% in 2023, then sank 92.63% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$800.0 million in 2022, then surged by 67.88% to -$257.0 million in 2023, then jumped by 114.01% to $36.0 million in 2024, then soared by 952.78% to $379.0 million in 2025, then plunged by 85.22% to $56.0 million in 2026.
  • The last three Free Cash Flow figures came in at $56.0 million (Q1 2026), $379.0 million (Q4 2025), and $341.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Uxin 18.05 Bn 18.09 Bn 11.57 Mn -
2 Carvana 9.49 Bn 7.89 Bn 1.27 Bn 56.00 Mn
3 Carmax 6.94 Bn 6.35 Bn 605.26 Mn -687.29 Mn
4 Lithia Motors 6.76 Bn 6.78 Bn 1.42 Bn -205.50 Mn
5 Autonation 6.51 Bn 6.45 Bn 1.21 Bn -34.20 Mn
6 Rush Enterprises Inc \Tx\ 5.19 Bn 4.97 Bn 343.80 Mn -5.63 Mn
7 Valvoline 4.57 Bn 4.48 Bn 187.00 Mn 37.60 Mn
8 Openlane 3.88 Bn 3.84 Bn 256.20 Mn 146.50 Mn
9 Group 1 Automotive 3.69 Bn 3.65 Bn 877.90 Mn 8.40 Mn
10 Asbury Automotive 3.63 Bn 3.60 Bn 726.90 Mn 220.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 56.00 Mn
Mar 31, 2026 56.00 Mn
Dec 31, 2025 379.00 Mn
Dec 31, 2025 379.00 Mn
Sep 30, 2025 341.00 Mn
Sep 30, 2025 341.00 Mn
Jun 30, 2025 26.00 Mn
Jun 30, 2025 26.00 Mn
Mar 31, 2025 205.00 Mn
Mar 31, 2025 205.00 Mn
Dec 31, 2024 36.00 Mn
Dec 31, 2024 36.00 Mn
Sep 30, 2024 402.00 Mn
Sep 30, 2024 402.00 Mn
Jun 30, 2024 353.00 Mn
Jun 30, 2024 353.00 Mn
Mar 31, 2024 83.00 Mn
Mar 31, 2024 83.00 Mn
Dec 31, 2023 -257.00 Mn
Dec 31, 2023 -257.00 Mn