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| Date | Value |
|---|---|
| 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 |