Growth Metrics

Carvana (CVNA) Net Margin (2016 - 2026)

Carvana has reported Net Margin over the past 11 years, most recently at 6.3% for Q1 2026.

  • For Q1 2026, Net Margin fell 252.0% year-over-year to 6.3%; the TTM value through Mar 2026 reached 8.62%, up 372.0%, while the annual FY2025 figure was 6.92%, 539.0% up from the prior year.
  • Net Margin for Q1 2026 was 6.3% at Carvana, down from 17.24% in the prior quarter.
  • Over five years, Net Margin peaked at 26.72% in Q3 2023 and troughed at 51.04% in Q4 2022.
  • A 5-year average of 1.94% and a median of 1.6% in 2024 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: plummeted -4619bps in 2022 and later surged 4279bps in 2023.
  • Year by year, Net Margin stood at 51.04% in 2022, then skyrocketed by 84bps to 8.25% in 2023, then skyrocketed by 154bps to 4.48% in 2024, then soared by 285bps to 17.24% in 2025, then plummeted by -63bps to 6.3% in 2026.
  • Business Quant data shows Net Margin for CVNA at 6.3% in Q1 2026, 17.24% in Q4 2025, and 4.66% in Q3 2025.