Why did Carvana (CVNA) stock move recently?

On 7/28/2026, Carvana moved +3.2% — Carvana shares rose as investors focused on the company's upcoming Q2 2026 earnings release on July 29 and its announcement expanding same-day delivery to Fort Myers, Florida, amid expectations for strong revenue and EPS growth. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Carvana (CVNA) overvalued or fairly valued?

MarketChacha shows Carvana's valuation in context — a forward P/E of about 28.8, a price-to-book of about 11.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Carvana's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.33×) from reported figures — education, not a rating.

What is Carvana's revenue?

Carvana reported revenue of $20.3B for FY2025, with net profit of $1.4B, per official filings.

What is the share price of Carvana (CVNA)?

Carvana last traded at $65.00 (-7.3% on the day), as of 8/18/2026 — a delayed quote shown for education, not investment advice.

Carvana

CVNA · NYSE · Consumer Discretionary · United States

Snapshot

TickerCVNA

ExchangeNYSE

SectorConsumer Discretionary

IndustryAuto & Truck Dealerships

CountryUnited States

Employees23,100

HeadquartersTempe, United States

Websitewww.carvana.com

Filings tracked11

About Carvana

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. The company also operates auction sites. Carvana Co. was founded in 2012 and is based in Tempe, Arizona.

Who owns it

Insiders2.1%
Institutions97.9%
Public & other0.0%

1,157 institutional holders

Ownership breakdown from public market data.

Top holders

Price (T.Rowe) Associates Inc11.76%
Capital Research Global Investors8.81%
Blackrock Inc.6.74%
Vanguard Capital Management LLC6.33%
FMR, LLC4.67%
Vanguard Portfolio Management LLC4.47%
State Street Corporation4.09%
Capital International Investors3.23%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.33×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend4.2% → 6.9%

Margin has expanded by about 2.7 points — the business is getting more profitable.

Return on equity40.9%

Latest ROE of 40.9% — capital is generating a healthy return.

Growth qualityrev 37% · PAT 77%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $7.4B · EPS 0.37

Est. earnings growth -53.6%

Next fiscal year

Rev $35.9B · EPS 2.24

Est. earnings growth +38.7%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$20.3B

Net margin

6.9%

ROE

40.9%

Revenue CAGR (2y)

+37.4%

Profit CAGR (2y)

+76.8%

EPS (FY2025)

8.45

Net profit (FY2025)

$1.4B

Ask MarketChacha about CVNA

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 28, 2026
Carvana shares rose as investors focused on the company's upcoming Q2 2026 earnings release on July 29 and its announcement expanding same-day delivery to Fort Myers, Florida, amid expectations for strong revenue and EPS growth.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium
Jul 23, 2026
Carvana shares fell 4.08% with no identifiable company-specific catalyst from recent filings or news; the move appears to reflect broader market or sector sentiment ahead of Q2 results due July 29.
· confidence: low
Jul 22, 2026
Carvana shares declined with the broader market and sector amid no clear company-specific catalyst or news on July 22.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$20.3B	$1.4B	8.45	6.9%	40.9%
FY2024	$13.7B	$210.0M	1.59	1.5%	16.7%
FY2023	$10.8B	$450.0M	0.75	4.2%	185.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$7.4B	$310.0M	—	4.2%
2026Q1	$6.4B	$250.0M	—	3.9%
2025Q3	$5.6B	$151.0M	—	2.7%
2025Q2	$4.8B	$183.0M	—	3.8%
2025Q1	$4.2B	$216.0M	—	5.1%
2024Q3	$3.7B	$85.0M	—	2.3%
2024Q2	$3.4B	$18.0M	—	0.5%
2024Q1	$3.1B	$28.0M	0.24	0.9%
2023Q3	$2.8B	$782.0M	7.05	28.2%
2023Q2	$3.0B	$-58.0M	-0.55	-2.0%
2023Q1	$2.6B	$-160.0M	-1.51	-6.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/29/2026material
10-Q filing
SEC7/29/2026
8-K — Executive/director change, Bylaw/charter change, Shareholder vote results, Exhibits
SEC5/6/2026material
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC2/18/2026material
10-K filing
SEC2/18/2026

2025

8-K — Results of operations, Exhibits
SEC10/29/2025material
10-Q filing
SEC10/29/2025
8-K — Results of operations, Exhibits
SEC7/30/2025material
10-Q filing
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.