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.
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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| Date | Value |
|---|---|
| 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% |