Carvana (CVNA) Gross Margin (2016 - 2026)
Carvana's Gross Margin came in at 18.92% for Q3 2026, down 1.41 percentage points from 20.33% a year earlier but up 0.15 percentage points from the prior quarter.
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Analysis
Carvana (CVNA) Gross Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Carvana reported Gross Margin of 19.04%, down 2.33 percentage points year-over-year; for FY2025, it came in at 20.63%, down 0.41 percentage points from FY2024.
- Gross Margin carries a five-year change of +6.42 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 21.03% in FY2024 (+5.03 pp), 16.01% in FY2023 (+6.85 pp), 9.16% in FY2022 (-5.89 pp) and 15.05% in FY2021 (+0.84 pp).
- The five-year range for quarterly Gross Margin is 6.80% (Q4 2022) to 22.08% (Q3 2024).
- Year-over-year, Gross Margin has declined for five consecutive quarters, with an average year-over-year change of -0.34 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2023 (a gain of 9.78 percentage points), and the weakest in Q4 2022 (a drop of 6.95 percentage points).
- Business Quant data shows CVNA's Gross Margin at 18.76% (Q2 2026), 19.76% (Q1 2026) and 18.76% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,803.87 Bn | 2,300.54 Bn | 107.37 Bn | 53.17% |
| 2 | Home Depot | 341.42 Bn | 334.67 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 149.33 Bn | 126.87 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 125.87 Bn | 118.84 Bn | 8.58 Bn | 33.04% |
| 5 | O Reilly Automotive | 74.24 Bn | 73.33 Bn | 2.52 Bn | 51.45% |
| 6 | Ross Stores | 73.45 Bn | 56.37 Bn | 2.12 Bn | 33.83% |
| 7 | Target | 71.89 Bn | 66.48 Bn | 8.94 Bn | 33.67% |
| 8 | Carvana | 53.03 Bn | 42.62 Bn | 1.52 Bn | 18.92% |
| 9 | Autozone | 52.99 Bn | 51.84 Bn | 3.52 Bn | 53.34% |
| 10 | JD.com | 41.49 Bn | -78.71 Bn | 8.74 Bn | 17.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.92% |
| Jun 30, 2026 | 18.76% |
| Mar 31, 2026 | 19.76% |
| Dec 31, 2025 | 18.76% |
| Sep 30, 2025 | 20.33% |
| Jun 30, 2025 | 21.98% |
| Mar 31, 2025 | 21.95% |
| Dec 31, 2024 | 21.51% |
| Sep 30, 2024 | 22.08% |
| Jun 30, 2024 | 20.97% |
| Mar 31, 2024 | 19.31% |
| Dec 31, 2023 | 16.58% |
| Sep 30, 2023 | 17.38% |
| Jun 30, 2023 | 16.81% |
| Mar 31, 2023 | 13.09% |
| Dec 31, 2022 | 6.80% |
| Sep 30, 2022 | 10.60% |
| Jun 30, 2022 | 10.20% |
| Mar 31, 2022 | 8.52% |
| Dec 31, 2021 | 13.75% |
API Access
Carvana Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CVNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();