Carvana (CVNA) Return on Capital Employed (2017 - 2026)

Carvana (CVNA) posted quarterly Return on Capital Employed of 18.45% for Q2 2026, down 104.0% year-over-year from 461.33% in Q2 2025, and up 4.63% quarter-over-quarter from 17.64% in Q1 2026.

Carvana (CVNA) Return on Capital Employed (2017 - 2026) Analysis & Trends

Carvana's Return on Capital Employed history runs 10 years deep, the most recent figure standing at 18.45% for Q2 2026.

  • In Q2 2026, Return on Capital Employed fell 104.0% year-over-year to 18.45%; the TTM figure through Jun 2026 stood at 18.45% (down 104.0% YoY), while the FY2025 annual figure was 20.17%, up 480.0% from the prior year.
  • Return on Capital Employed for Q2 2026 stood at 18.45%, up from 17.64% in the prior quarter.
  • The five-year high for Return on Capital Employed was 21.3% in Q3 2025, with the low at 22.69% in Q4 2022.
  • The 5-year median for Return on Capital Employed is 5.0% (2024), against an average of 2.35%.
  • The sharpest annual moves came in 2022 and 2024: Return on Capital Employed plunged 1953 bps in 2022, then surged 2372 bps in 2024.
  • Carvana's Return on Capital Employed stood at 22.69% in 2022, then surged by 94 bps to 1.45% in 2023, then jumped by 1135 bps to 15.03% in 2024, then gained by 25 bps to 18.79% in 2025, then fell by 2 bps to 18.45% in 2026.
  • Business Quant data shows CVNA's Return on Capital Employed at 18.45% in Q2 2026, 17.64% in Q1 2026, and 18.79% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Uxin 79.73 Bn 79.73 Bn - -
2 Carvana 51.51 Bn 48.77 Bn 1.38 Bn 18.45%
3 Penske Automotive 14.29 Bn 14.22 Bn 1.36 Bn 10.60%
4 Lithia Motors 8.56 Bn 8.19 Bn 1.50 Bn 8.72%
5 Carmax 8.30 Bn 7.70 Bn 854.41 Mn 1.39%
6 Autonation 7.01 Bn 6.95 Bn 1.23 Bn 14.90%
7 Autozi Internet Technology (Global) 6.37 Bn 6.19 Bn - -
8 Rush Enterprises Inc \Tx\ 6.32 Bn 6.06 Bn 361.67 Mn 54.25%
9 Openlane 4.28 Bn 4.09 Bn 248.20 Mn 11.36%
10 Valvoline 4.28 Bn 4.19 Bn 214.90 Mn 9.88%

Historic Data

Download Data
DateValue
Jun 30, 2026 18.45%
Mar 31, 2026 17.64%
Dec 31, 2025 18.79%
Sep 30, 2025 21.30%
Jun 30, 2025 19.49%
Mar 31, 2025 17.04%
Dec 31, 2024 15.03%
Sep 30, 2024 11.33%
Jun 30, 2024 6.76%
Mar 31, 2024 3.23%
Dec 31, 2023 -1.45%
Sep 30, 2023 -7.96%
Jun 30, 2023 -13.61%
Mar 31, 2023 -20.49%
Dec 31, 2022 -22.69%
Sep 30, 2022 -14.11%
Jun 30, 2022 -13.20%
Mar 31, 2022 -13.32%
Dec 31, 2021 -3.15%
Sep 30, 2021 -2.65%