Carvana (CVNA) Return on Capital Employed [ROCE] (2017 - 2026)
Carvana (CVNA) reported Return on Capital Employed [ROCE] of 18.83% for Q3 2026, down 2.47 percentage points from 21.30% a year earlier but up 0.37 percentage points from the prior quarter.
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Analysis
Carvana (CVNA) Return on Capital Employed [ROCE] (2017 - 2026) Analysis & Trends
For FY2025, Carvana posted Return on Capital Employed [ROCE] of 20.17%, up 4.80 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased for three consecutive years, with a five-year change of +36.14 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 15.37% in FY2024 (+16.63 pp), -1.26% in FY2023 (+43.40 pp), -44.66% in FY2022 (-39.79 pp) and -4.87% in FY2021 (+11.10 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of -22.69% in Q4 2022 and a high of 21.30% in Q3 2025.
- Year over year, Return on Capital Employed [ROCE] gained in six of the last eight quarters, with an average year-over-year change of +6.73 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q1 2024 (a gain of 23.72 percentage points); the low point was Q4 2022 (a drop of 19.53 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 18.45% (Q2 2026), 17.64% (Q1 2026) and 18.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,803.87 Bn | 2,300.54 Bn | 107.37 Bn | 10.62% |
| 2 | Home Depot | 341.42 Bn | 334.67 Bn | 16.12 Bn | 28.54% |
| 3 | Tjx Companies | 149.33 Bn | 126.87 Bn | 5.07 Bn | 34.00% |
| 4 | Lowes Companies | 125.87 Bn | 118.84 Bn | 8.58 Bn | 30.02% |
| 5 | O Reilly Automotive | 74.24 Bn | 73.33 Bn | 2.52 Bn | 47.86% |
| 6 | Ross Stores | 73.45 Bn | 56.37 Bn | 2.12 Bn | 30.97% |
| 7 | Target | 71.89 Bn | 66.48 Bn | 8.94 Bn | 15.67% |
| 8 | Carvana | 53.03 Bn | 42.62 Bn | 1.52 Bn | 18.83% |
| 9 | Autozone | 52.99 Bn | 51.84 Bn | 3.52 Bn | 33.34% |
| 10 | JD.com | 41.49 Bn | -78.71 Bn | 8.74 Bn | 0.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.83% |
| 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% |
API Access
Carvana Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();