Carvana (CVNA) Operating Income (2016 - 2026)
Carvana (CVNA) posted quarterly Operating Income of $680.0 million for Q2 2026, up 33.07% year-over-year from $511.0 million in Q2 2025, and up 17.04% quarter-over-quarter from $581.0 million in Q1 2026.
Carvana (CVNA) Operating Income (2016 - 2026) Analysis & Trends
Carvana's Operating Income history runs 11 years deep, the most recent figure standing at $680.0 million for Q2 2026.
- In Q2 2026, Operating Income rose 33.07% year-over-year to $680.0 million; the TTM figure through Jun 2026 stood at $2.2 billion (up 48.93% YoY), while the FY2025 annual figure was $1.9 billion, up 90.0% from the prior year.
- Operating Income for Q2 2026 stood at $680.0 million, up from $581.0 million in the prior quarter.
- The five-year high for Operating Income was $680.0 million in Q2 2026, with the low at -$439.0 million in Q4 2022.
- The 5-year median for Operating Income is $196.5 million (2024), against an average of $142.3 million.
- The sharpest annual moves came in 2022 and 2024: Operating Income sank 1191.3% in 2022, then soared 784.21% in 2024.
- Carvana's Operating Income stood at -$439.0 million in 2022, then surged by 91.34% to -$38.0 million in 2023, then jumped by 784.21% to $260.0 million in 2024, then surged by 63.08% to $424.0 million in 2025, then surged by 60.38% to $680.0 million in 2026.
- Business Quant data shows CVNA's Operating Income at $680.0 million in Q2 2026, $581.0 million in Q1 2026, and $424.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 78.61 Bn | 78.60 Bn | - | - |
| 2 | Carvana | 51.27 Bn | 48.53 Bn | 1.38 Bn | 680.00 Mn |
| 3 | Penske Automotive | 14.25 Bn | 14.18 Bn | 1.36 Bn | 337.60 Mn |
| 4 | Lithia Motors | 8.51 Bn | 8.14 Bn | 1.50 Bn | 448.30 Mn |
| 5 | Carmax | 8.23 Bn | 7.64 Bn | 854.41 Mn | 219.24 Mn |
| 6 | Autonation | 6.99 Bn | 6.94 Bn | 1.23 Bn | 319.00 Mn |
| 7 | Autozi Internet Technology (Global) | 6.96 Bn | 6.77 Bn | - | - |
| 8 | Rush Enterprises Inc \Tx\ | 6.30 Bn | 6.04 Bn | 361.67 Mn | 97.19 Mn |
| 9 | Valvoline | 4.30 Bn | 4.22 Bn | 214.90 Mn | 112.20 Mn |
| 10 | Openlane | 4.23 Bn | 4.04 Bn | 248.20 Mn | 67.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 680.00 Mn |
| Mar 31, 2026 | 581.00 Mn |
| Dec 31, 2025 | 424.00 Mn |
| Sep 30, 2025 | 552.00 Mn |
| Jun 30, 2025 | 511.00 Mn |
| Mar 31, 2025 | 394.00 Mn |
| Dec 31, 2024 | 260.00 Mn |
| Sep 30, 2024 | 337.00 Mn |
| Jun 30, 2024 | 259.00 Mn |
| Mar 31, 2024 | 134.00 Mn |
| Dec 31, 2023 | -38.00 Mn |
| Sep 30, 2023 | 48.00 Mn |
| Jun 30, 2023 | 42.00 Mn |
| Mar 31, 2023 | -132.00 Mn |
| Dec 31, 2022 | -439.00 Mn |
| Sep 30, 2022 | -297.00 Mn |
| Jun 30, 2022 | -325.00 Mn |
| Mar 31, 2022 | -429.00 Mn |
| Dec 31, 2021 | -104.00 Mn |
| Sep 30, 2021 | -23.00 Mn |