Carvana (CVNA) Return on Capital Employed (2017 - 2026)
Carvana (CVNA) recorded quarterly Return on Capital Employed of 17.64% in Q1 2026, down 6.16% quarter-over-quarter from 18.79% in Q4 2025, and up 59.0% on a YoY basis from 11.09% in Q1 2025.
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 17.64% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 59.0% year-over-year to 17.64%; the TTM figure through Mar 2026 stood at 17.64% (up 59.0% YoY), while the FY2025 annual figure was 20.17%, up 480.0% from the prior year.
- Return on Capital Employed was 17.64% for Q1 2026 at Carvana, down from 18.79% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 21.3% in Q3 2025 to a low of 22.69% in Q4 2022.
- Historically, Return on Capital Employed has averaged 1.4% across 5 years, with a median of 3.23% in 2024.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed sank 1953 bps in 2022, then soared 2372 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 22.69% in 2022, then soared by 94 bps to 1.45% in 2023, then surged by 1135 bps to 15.03% in 2024, then advanced by 25 bps to 18.79% in 2025, then declined by 6 bps to 17.64% in 2026.
- The last three Return on Capital Employed figures came in at 17.64% (Q1 2026), 18.79% (Q4 2025), and 21.3% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | -58.34% |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 17.64% |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 1.50% |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 8.85% |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 13.72% |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 12.97% |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 9.32% |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 10.69% |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 11.42% |
| 10 | Asbury Automotive | 3.63 Bn | 3.60 Bn | 726.90 Mn | 9.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -2.86% |