Carvana (CVNA) Return on Invested Capital [ROIC] (2021 - 2026)
Carvana (CVNA) reported Return on Invested Capital [ROIC] of 0.00% for Q3 2026, down 21.49 percentage points from 21.49% a year earlier and unchanged from the prior quarter.
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Analysis
Carvana (CVNA) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
Dating back to Q4 2021, Carvana's Return on Invested Capital [ROIC] record includes 20 quarters.
- Return on Invested Capital [ROIC] has a four-year change of +2.46 percentage points (FY2021 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 15.35% in FY2024 (+16.40 pp), -1.04% in FY2023 (+34.59 pp), -35.64% in FY2022 (-33.18 pp) and -2.46% in FY2021.
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of -19.82% in Q4 2022 and a high of 21.49% in Q3 2025.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last four quarters, with an average year-over-year change of -2.54 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q1 2024 (a gain of 19.62 percentage points); the low point was Q3 2026 (a drop of 21.49 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.00% (Q2 2026), 0.00% (Q1 2026) and 0.00% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,803.87 Bn | 2,300.54 Bn | 107.37 Bn | 10.13% |
| 2 | Home Depot | 341.42 Bn | 334.67 Bn | 16.12 Bn | 23.31% |
| 3 | Tjx Companies | 149.33 Bn | 126.87 Bn | 5.07 Bn | 44.55% |
| 4 | Lowes Companies | 125.87 Bn | 118.84 Bn | 8.58 Bn | 26.54% |
| 5 | O Reilly Automotive | 74.24 Bn | 73.33 Bn | 2.52 Bn | 54.96% |
| 6 | Ross Stores | 73.45 Bn | 56.37 Bn | 2.12 Bn | 33.92% |
| 7 | Target | 71.89 Bn | 66.48 Bn | 8.94 Bn | 14.40% |
| 8 | Carvana | 53.03 Bn | 42.62 Bn | 1.52 Bn | 0.00% |
| 9 | Autozone | 52.99 Bn | 51.84 Bn | 3.52 Bn | 45.70% |
| 10 | JD.com | 41.49 Bn | -78.71 Bn | 8.74 Bn | 0.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.00% |
| Jun 30, 2026 | 0.00% |
| Mar 31, 2026 | 0.00% |
| Dec 31, 2025 | 0.00% |
| Sep 30, 2025 | 21.49% |
| Jun 30, 2025 | 19.71% |
| Mar 31, 2025 | 17.34% |
| Dec 31, 2024 | 15.22% |
| Sep 30, 2024 | 11.71% |
| Jun 30, 2024 | 6.71% |
| Mar 31, 2024 | 3.05% |
| Dec 31, 2023 | -1.18% |
| Sep 30, 2023 | -7.87% |
| Jun 30, 2023 | -12.11% |
| Mar 31, 2023 | -16.57% |
| Dec 31, 2022 | -19.82% |
| Sep 30, 2022 | -13.93% |
| Jun 30, 2022 | -11.67% |
| Mar 31, 2022 | -7.75% |
| Dec 31, 2021 | -2.02% |
API Access
Carvana Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();