Carvana (CVNA) Net Margin (2016 - 2026)
Carvana (CVNA) posted Net Margin of 4.20% for Q2 2026, up 0.42 percentage points from 3.78% a year earlier and up 0.32 percentage points from the prior quarter.
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Analysis
Carvana (CVNA) Net Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Carvana was 6.26%, up 2.80 percentage points year-over-year; for FY2025, it came in at 6.92%, up 5.39 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +9.98 percentage points (FY2020 to FY2025).
- In prior years, Carvana's Net Margin was 1.54% in FY2024 (-2.64 pp), 4.18% in FY2023 (+15.84 pp), -11.67% in FY2022 (-10.61 pp) and -1.05% in FY2021 (+2.01 pp).
- Quarterly Net Margin has run from a low of -28.41% in Q4 2022 to a high of 28.20% in Q3 2023 over five years.
- On a year-over-year basis, Net Margin increased in six of the last eight quarters, with an average year-over-year change of +0.14 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2023, with a gain of 36.56 percentage points; the weakest was Q4 2022, with a drop of 26.04 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 3.89% (Q1 2026), 15.30% (Q4 2025) and 2.67% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,829.78 Bn | 2,346.48 Bn | 104.83 Bn | 31.23% |
| 2 | Home Depot | 290.18 Bn | 283.42 Bn | 16.12 Bn | 9.96% |
| 3 | Tjx Companies | 152.80 Bn | 130.34 Bn | 5.07 Bn | 10.01% |
| 4 | Lowes Companies | 104.32 Bn | 97.29 Bn | 8.58 Bn | 9.24% |
| 5 | Ross Stores | 71.10 Bn | 54.02 Bn | 2.12 Bn | 13.59% |
| 6 | O Reilly Automotive | 70.56 Bn | 69.64 Bn | 2.52 Bn | 14.62% |
| 7 | Carvana | 70.07 Bn | 61.67 Bn | 1.38 Bn | 4.20% |
| 8 | Target | 69.82 Bn | 64.41 Bn | 8.94 Bn | 7.07% |
| 9 | Autozone | 48.00 Bn | 46.90 Bn | 2.52 Bn | 13.25% |
| 10 | JD.com | 32.86 Bn | -77.35 Bn | 8.71 Bn | 2.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.20% |
| Mar 31, 2026 | 3.89% |
| Dec 31, 2025 | 15.30% |
| Sep 30, 2025 | 2.67% |
| Jun 30, 2025 | 3.78% |
| Mar 31, 2025 | 5.10% |
| Dec 31, 2024 | 2.23% |
| Sep 30, 2024 | 2.33% |
| Jun 30, 2024 | 0.53% |
| Mar 31, 2024 | 0.91% |
| Dec 31, 2023 | -4.70% |
| Sep 30, 2023 | 28.20% |
| Jun 30, 2023 | -1.95% |
| Mar 31, 2023 | -6.14% |
| Dec 31, 2022 | -28.41% |
| Sep 30, 2022 | -8.36% |
| Jun 30, 2022 | -6.13% |
| Mar 31, 2022 | -7.43% |
| Dec 31, 2021 | -2.37% |
| Sep 30, 2021 | -0.92% |
API Access
Carvana Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CVNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();