Carvana (CVNA) Gross Margin (2016 - 2026)

Carvana (CVNA) has reported Gross Margin for 11 consecutive years, with 19.76% the latest figure, recorded in Q1 2026.

• In Q1 2026, Gross Margin fell 219.0% year-over-year to 19.76%; the TTM figure through Mar 2026 stood at 20.13% (down 152.0% YoY), while the FY2025 annual figure was 20.63%, down 41.0% from the prior year.
• Gross Margin came in at 19.76% for Q1 2026 at Carvana, up from 18.76% 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 16.86%, with a median of 18.76% recorded in 2025.
• Across the five-year window, Gross Margin plunged 695 bps in 2022 and soared 978 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 6.8% in 2022, then soared by 144 bps to 16.58% in 2023, then rose by 30 bps to 21.51% in 2024, then fell by 13 bps to 18.76% in 2025, then grew by 5 bps to 19.76% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 19.76%, 18.76%, and 20.33% for Q1 2026, Q4 2025, and Q3 2025 respectively.