Carvana (CVNA) Net Margin (2016 - 2026)

Carvana has reported Net Margin for 11 years, with the latest figure at 6.95% in Q2 2026.

• On a quarterly basis, Net Margin rose 59.0% year-over-year to 6.95% in Q2 2026; TTM through Jun 2026 was 8.57%, a 250.0% increase from a year earlier, with the FY2025 full-year figure at 6.92%, up 539.0% from the prior year.
• Net Margin was 6.95% for Q2 2026 at Carvana, 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.
• Average Net Margin over 5 years is 1.44%, with a median of 2.83% recorded in 2024.
• The sharpest annual moves came in 2022 and 2023: Net Margin plunged 4619 bps in 2022, then soared 4279 bps in 2023.
• Over 5 years, Net Margin stood at 51.04% in 2022, then soared by 84 bps to 8.25% in 2023, then soared by 154 bps to 4.48% in 2024, then surged by 285 bps to 17.24% in 2025, then plunged by 60 bps to 6.95% in 2026.
• The last three Net Margin figures came in at 6.95% (Q2 2026), 6.3% (Q1 2026), and 17.24% (Q4 2025), per Business Quant data.