Carvana Co.
Carvana Co. is a holding company that was formed as a Delaware corporation in 2016 in order to operate the business of Carvana Group, LLC and its subsidiaries (collectively, "Carvana Group"). Class A common stock trades on the New York Stock Exchange ("NYSE") under the symbol "CVNA." Our Company Carvana is the leading e-commerce platform for buying and selling used cars.
$59.19
-$1.07 (-1.78%)
Price from 2 days ago
Operating margin is thin at 9.26%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 48.6% YoY with margins expanding 2.0pp.
At 40x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $3.58B represents 4.0x FCF, leverage limits flexibility.
40.1x earnings, 47.1x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$25.06B
▲ +48.6% YoY
Net Income (TTM)
$1.29B
▲ +570.0% YoY
Op. Margin
8.93%
▲ +2.0pp YoY
ROIC
18.91%
▲ +7.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$929M
▲ +7.5% YoY
Op. Cash Flow (TTM)
$1.12B
▲ +12.9% YoY
Net Debt
$3.38B
Cash & Equiv.
$2.63B
5Y CAGR: +29.5%
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SourceComputed from the 10-Q filed 29 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 28 Sept 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Carvana (CVNA) overvalued?
At a P/E of 40.1 and a price-to-free-cash-flow of 47.1, Carvana (CVNA) trades above a two-stage DCF intrinsic value of about $28.83 per share, so at $59.19 the stock looks overvalued (51.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Carvana scores 59/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Carvana's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $28.83 per share for CVNA, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $21.62. At today's $59.19, that puts the stock about 51.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Carvana a high-quality business?+
Carvana scores 59 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 8.9% operating margin and a 18.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Carvana a good stock to buy right now?+
That depends on valuation and quality together, not either alone. CVNA currently trades above its estimated intrinsic value and scores 59/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Retail-Auto Dealers & Gasoline Stations
Spot a number that looks wrong? Check it in CVNA's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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