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Carvana stock: key metrics
CVNACarvana had an operating margin of 9.3% and a return on invested capital (ROIC) of 24.5% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2014 | −5.1% | −36.2% | −36.6% |
| 2015 | −1.1% | −27.1% | −28.2% |
| 2016 | 4.0% | −24.5% | −2.8% |
| 2017 | 6.6% | −18.1% | −2.1% |
| 2018 | 8.9% | −11.7% | −2.8% |
| 2019 | 11.8% | −7.1% | −2.9% |
| 2020 | 12.9% | −5.9% | −3.1% |
| 2021 | 14.3% | −0.8% | −1.1% |
| 2022 | 7.4% | −11.0% | −11.7% |
| 2023 | 16.0% | −0.7% | 4.2% |
| 2024 | 19.8% | 7.3% | 1.5% |
| 2025 | 20.6% | 9.3% | 6.9% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2014 | −74.3% | −38.6% | −38.0% |
| 2015 | −56.4% | −58.6% | −27.0% |
| 2016 | −7.5% | −42.7% | −3.0% |
| 2017 | −14.6% | −36.3% | −2.9% |
| 2018 | −75.6% | −30.3% | −5.6% |
| 2019 | −100.0% | −18.3% | −5.6% |
| 2020 | −44.2% | −13.6% | −5.6% |
| 2021 | −44.1% | −2.1% | −1.9% |
| 2022 | 200.0% | −18.8% | −18.2% |
| 2023 | 185.2% | −1.1% | 6.4% |
| 2024 | 16.7% | 18.8% | 2.5% |
| 2025 | 40.9% | 24.5% | 10.7% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 28 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.