Carvana (CVNA) Net Margin (2016 - 2026)
Carvana (CVNA) recorded quarterly Net Margin of 6.3% in Q1 2026, down 63.48% quarter-over-quarter from 17.24% in Q4 2025, and down 252.0% on a YoY basis from 4.14% in Q1 2025.
Carvana (CVNA) Net Margin (2016 - 2026) Analysis & Trends
Carvana's Net Margin history runs 11 years deep, the most recent figure standing at 6.3% for Q1 2026.
- In Q1 2026, Net Margin fell 252.0% year-over-year to 6.3%; the TTM figure through Mar 2026 stood at 8.62% (up 372.0% YoY), while the FY2025 annual figure was 6.92%, up 539.0% from the prior year.
- Net Margin was 6.3% for Q1 2026 at Carvana, down from 17.24% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 26.72% in Q3 2023 to a low of 51.04% in Q4 2022.
- Historically, Net Margin has averaged 1.94% across 5 years, with a median of 1.6% in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 4619 bps in 2022, then surged 4279 bps in 2023.
- A 5-year view of Net Margin shows it stood at 51.04% in 2022, then surged by 84 bps to 8.25% in 2023, then surged by 154 bps to 4.48% in 2024, then jumped by 285 bps to 17.24% in 2025, then sank by 63 bps to 6.3% in 2026.
- The last three Net Margin figures came in at 6.3% (Q1 2026), 17.24% (Q4 2025), and 4.66% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | -7.31% |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 6.30% |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | -2.03% |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 1.10% |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 3.13% |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 3.87% |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | -0.10% |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 7.12% |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 0.01% |
| 10 | Asbury Automotive | 3.63 Bn | 3.60 Bn | 726.90 Mn | 4.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 1.35% |