CVNA

Carvana Co.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Carvana Co..

R40: 60$73.19B
$334.16-0.73 (-0.22%)● Live
Current Narrative

Carvana completed one of the most remarkable turnarounds in corporate history, going from near-bankruptcy in 2022 to record profits. The company has achieved consistent profitability through operational efficiency, cost discipline, and leveraging its ADESA acquisition. With used car prices normalizing and interest rates potentially declining, Carvana is positioned for continued growth.

Rule of 402025 Q3
59.9
✓ Passing
Revenue Growth YoY+54.5%
+
FCF Margin+5.4%
History
-25
Q4
2023 R40 -14
20
Q1
25
Q2
42
Q3
48
Q4
2024 R40 +33
38
Q1
37
Q2
60
Q3
Company timeline

Earnings release dates

QuarterEnd datePublication dateSource
2025 Q42025-12-312026-02-18Link
2025 Q32025-09-302025-10-29Link
2025 Q22025-06-302025-07-30Link
2025 Q12025-03-312025-05-01Link
2024 Q42024-12-312025-02-19Link
2024 Q32024-09-302024-10-30Link
2024 Q22024-06-302024-07-31Link
2024 Q12024-03-312024-05-01Link
2023 Q42023-12-312024-02-22Link
Background

Company History

ExchangeNYSE
IPO DateApr 28, 2017
Shares Outstanding219.02M
2012
Founding
Carvana founded by Ernest Garcia III as subsidiary of DriveTime, pioneering online used car sales.
2017
IPO on NYSE
Carvana goes public at $15/share, valued at $2B. Stock would eventually rise 20x before the crash.
2021
All-Time High
Stock peaks above $370 during pandemic boom, fueled by used car shortages and growth narrative.
2022
Crisis Point
Stock crashes below $10 on debt concerns and rising rates. Company announces layoffs. Bankruptcy fears peak.
2023
Debt Restructuring
$5.8B debt deal extends maturities and reduces cash interest, giving company breathing room.
2024
Turnaround Confirmed
Record Q2 EBITDA of $355M. Full-year guidance raised to $1B+. Stock up 400% from lows.
2025
First Profitable Year
2024 marks first full-year profit in company history. Turnaround complete.
Leadership

Key Players

Ernest Garcia III
CEO, President & Chairman
@ernieg3
Co-founded Carvana in 2012. Led the company from startup to largest online used car retailer. Son of Ernest Garcia II (major shareholder).
Mark Jenkins
CFO
CFO since July 2014. Oversees finance, accounting, and investor relations. Key architect of the 2023-2024 turnaround.
Ernest Garcia II
Major Shareholder
Father of CEO Ernie III. Founder of DriveTime (parent company pre-IPO). Controls majority voting power through Class B shares.
Ben Huston
COO
Chief Operating Officer. Previously VP at DriveTime. Stanford MBA. Leads operations including logistics and reconditioning.
Paul Breaux
General Counsel
Chief Legal Officer and Secretary. Oversees legal, compliance, and regulatory matters.
Short Interest

Short interest data unavailable for CVNA.