Carvana (CVNA) Net Margin (2016 - 2026)

Carvana (CVNA) has reported Net Margin for 11 consecutive years, with 6.3% the latest figure, recorded in 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 came in at 6.3% for Q1 2026 at Carvana, down from 17.24% 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 1.94%, with a median of 1.6% recorded in 2024.
• Across the five-year window, Net Margin slumped 4619 bps in 2022 and surged 4279 bps in 2023, its largest moves.
• Year by year, Net Margin 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 slumped by 63 bps to 6.3% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 6.3%, 17.24%, and 4.66% for Q1 2026, Q4 2025, and Q3 2025 respectively.