Carvana (CVNA) | Financial Analysis & Statements

Carvana Co. | Large-cap | Consumer Cyclical

$348.33

1.44%

Carvana vs Penske Automotive Carvana vs CarMax Carvana vs Lithia Motors Carvana vs AutoNation Carvana vs Group 1 Automotive Carvana vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 13.7B

Gross Profit 2.9B 21.03%

Operating Income 990.0M 7.24%

Net Income 404.0M 2.95%

EPS (Diluted) $1.59

Balance Sheet Metrics

Total Assets 8.5B

Total Liabilities 7.1B

Shareholders Equity 1.4B

Debt to Equity 5.17

Cash Flow Metrics

Operating Cash Flow 722.0M

Free Cash Flow 827.0M

Revenue & Profitability Trend

Carvana Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	13.7B	10.8B	13.6B	12.8B	5.6B
Cost of Goods Sold	10.8B	9.0B	12.4B	10.9B	4.8B
Gross Profit	2.9B	1.7B	1.2B	1.9B	794.0M
Operating Expenses	1.9B	1.8B	2.7B	2.0B	1.1B
Operating Income	990.0M	-72.0M	-1.5B	-104.0M	-332.0M
Pre-tax Income	400.0M	175.0M	-2.9B	-286.0M	-462.0M
Income Tax	-4.0M	25.0M	1.0M	1.0M	0
Net Income	404.0M	150.0M	-2.9B	-287.0M	-462.0M
EPS (Diluted)	$1.59	$0.75	-$15.74	-$1.63	-$2.63

Income Statement Trend

Carvana Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	4.9B	3.3B	4.6B	4.9B	1.9B
Non-Current Assets	3.6B	3.8B	4.1B	2.1B	1.1B
Total Assets	8.5B	7.1B	8.7B	7.0B	3.0B
Liabilities
Current Liabilities	1.3B	1.5B	2.6B	2.9B	467.0M
Non-Current Liabilities	5.8B	5.9B	7.2B	3.6B	1.8B
Total Liabilities	7.1B	7.5B	9.8B	6.5B	2.2B
Equity
Total Shareholders Equity	1.4B	-384.0M	-1.1B	525.0M	802.0M

Balance Sheet Composition

Carvana Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	404.0M	150.0M	-2.9B	-287.0M	-462.0M
Operating Cash Flow	722.0M	1.8B	-2.2B	-2.9B	-748.0M
Investing Activities
Capital Expenditures	-80.0M	-15.0M	-468.0M	-557.0M	-360.0M
Investing Cash Flow	-13.0M	31.0M	-2.6B	-627.0M	-346.0M
Financing Activities
Dividends Paid	-	-	-	-	0
Financing Cash Flow	-3.4B	-8.4B	-9.6B	-9.1B	-3.8B
Free Cash Flow	827.0M	716.0M	-1.8B	-3.2B	-968.0M

Cash Flow Trend

Carvana Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 111.14

Forward P/E 136.20

Price to Book 28.60

Price to Sales 2.52

PEG Ratio 136.20

Profitability Ratios

Profit Margin 2.68%

Operating Margin 9.31%

Return on Equity 99.59%

Return on Assets 9.84%

Financial Health

Current Ratio 3.81

Debt to Equity 344.78

Beta 3.65

Per Share Data

EPS (TTM) $2.88

Book Value per Share $11.19

Revenue per Share $117.08

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
cvna	37.4B	111.14	28.60	99.59%	2.68%	344.78
Penske Automotive	11.6B	12.35	2.17	18.56%	3.10%	151.44
CarMax	10.1B	18.56	1.61	8.97%	1.95%	306.75
Lithia Motors	8.6B	10.48	1.28	13.15%	2.31%	204.97
AutoNation	7.4B	11.64	3.10	28.45%	2.51%	375.84
Group 1 Automotive	5.8B	12.59	1.91	16.56%	2.28%	176.05

Financial data is updated regularly. All figures are in the company's reporting currency.