Carvana (CVNA) Net Margin (2016 - 2026)
Carvana (CVNA) posted quarterly Net Margin of 6.95% for Q2 2026, up 59.0% year-over-year from 4.37% in Q2 2025, and up 10.46% quarter-over-quarter from 6.3% in Q1 2026.
Carvana (CVNA) Net Margin (2016 - 2026) Analysis & Trends
Carvana's Net Margin history runs 11 years deep, the most recent figure standing at 6.95% for Q2 2026.
- In Q2 2026, Net Margin rose 59.0% year-over-year to 6.95%; the TTM figure through Jun 2026 stood at 8.57% (up 250.0% YoY), while the FY2025 annual figure was 6.92%, up 539.0% from the prior year.
- Net Margin for Q2 2026 stood at 6.95%, up from 6.3% in the prior quarter.
- The five-year high for Net Margin was 26.72% in Q3 2023, with the low at 51.04% in Q4 2022.
- The 5-year median for Net Margin is 2.83% (2024), against an average of 1.44%.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 4619 bps in 2022, then jumped 4279 bps in 2023.
- Carvana's Net Margin stood at 51.04% in 2022, then jumped by 84 bps to 8.25% in 2023, then jumped by 154 bps to 4.48% in 2024, then soared by 285 bps to 17.24% in 2025, then plunged by 60 bps to 6.95% in 2026.
- Business Quant data shows CVNA's Net Margin at 6.95% in Q2 2026, 6.3% in Q1 2026, and 17.24% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 79.73 Bn | 79.73 Bn | - | - |
| 2 | Carvana | 51.41 Bn | 48.67 Bn | 1.38 Bn | 6.95% |
| 3 | Penske Automotive | 14.30 Bn | 14.24 Bn | 1.36 Bn | 3.07% |
| 4 | Lithia Motors | 8.60 Bn | 8.24 Bn | 1.50 Bn | 2.67% |
| 5 | Carmax | 8.34 Bn | 7.74 Bn | 854.41 Mn | 2.32% |
| 6 | Autonation | 7.02 Bn | 6.97 Bn | 1.23 Bn | 2.63% |
| 7 | Rush Enterprises Inc \Tx\ | 6.34 Bn | 6.08 Bn | 361.67 Mn | 3.84% |
| 8 | Autozi Internet Technology (Global) | 6.30 Bn | 6.11 Bn | - | - |
| 9 | Valvoline | 4.30 Bn | 4.22 Bn | 214.90 Mn | -0.09% |
| 10 | Openlane | 4.30 Bn | 4.11 Bn | 248.20 Mn | 6.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.95% |
| Mar 31, 2026 | 6.30% |
| Dec 31, 2025 | 17.24% |
| Sep 30, 2025 | 4.66% |
| Jun 30, 2025 | 6.36% |
| Mar 31, 2025 | 8.81% |
| Dec 31, 2024 | 4.48% |
| Sep 30, 2024 | 4.05% |
| Jun 30, 2024 | 1.41% |
| Mar 31, 2024 | 1.60% |
| Dec 31, 2023 | -8.25% |
| Sep 30, 2023 | 26.72% |
| Jun 30, 2023 | -3.54% |
| Mar 31, 2023 | -10.97% |
| Dec 31, 2022 | -51.04% |
| Sep 30, 2022 | -15.00% |
| Jun 30, 2022 | -11.30% |
| Mar 31, 2022 | -14.47% |
| Dec 31, 2021 | -4.85% |
| Sep 30, 2021 | -1.95% |