Carvana (CVNA) Gross Margin (2016 - 2026)

Carvana has reported Gross Margin for 11 years, with the latest figure at 18.76% in Q2 2026.

• On a quarterly basis, Gross Margin fell 322.0% year-over-year to 18.76% in Q2 2026; TTM through Jun 2026 was 19.37%, a 252.0% decrease from a year earlier, with the FY2025 full-year figure at 20.63%, down 41.0% from the prior year.
• Gross Margin was 18.76% for Q2 2026 at Carvana, down from 19.76% in the prior quarter.
• The five-year high for Gross Margin was 22.08% in Q3 2024, with the low at 6.8% in Q4 2022.
• Average Gross Margin over 5 years is 16.97%, with a median of 18.76% recorded in 2026.
• The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 695 bps in 2022, then jumped 978 bps in 2023.
• Over 5 years, Gross Margin stood at 6.8% in 2022, then jumped by 144 bps to 16.58% in 2023, then grew by 30 bps to 21.51% in 2024, then dropped by 13 bps to 18.76% in 2025, then climbed by 0 bps to 18.76% in 2026.
• The last three Gross Margin figures came in at 18.76% (Q2 2026), 19.76% (Q1 2026), and 18.76% (Q4 2025), per Business Quant data.