Carvana (CVNA)
Online used-car retailer integrating trade-ins, financing, reconditioning, wholesale auctions, and nationwide delivery.
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Sells used vehicles online across the U.S., buying inventory from consumers and other suppliers before reconditioning and delivering it. Retail transactions also generate wholesale vehicle and marketplace revenue, gains from selling originated loans, and commissions from service contracts, GAP coverage, and auto insurance within one U.S. segment.
Runs an online platform where U.S. consumers buy, sell, finance, trade in, and arrange delivery or pickup of used vehicles. Retail vehicle sales anchor the model, while sales of originated loans and commissions on vehicle service contracts, GAP coverage, and auto insurance add revenue.
Sources inventory from consumers, auctions, wholesale suppliers, and retail marketplace partners, then inspects, reconditions, photographs, prices, and routes vehicles through a nationwide logistics network. Vehicles outside retail standards are sold to wholesalers; the ADESA marketplace also earns auction and service fees on third-party transactions.
Execution depends on matching inventory with demand and moving vehicles efficiently through reconditioning and delivery. Dealer licensing, title and registration, consumer finance, insurance, transportation, and consumer-protection rules vary by jurisdiction. Substantially all revenue and assets sit in the U.S., and the business reports as one segment.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 18, 2026 | BTIG | Reiterate | Rating: —Target: $97 | Target: $87 |
| Jul 31, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $537 | Target: $80 |
| Jul 31, 2026 | UBS | Reiterate | Rating: —Target: $520 | Target: $83 |
| Jul 30, 2026 | D.A. Davidson | Target | Target: $320 | Target: $67 |
| Jul 30, 2026 | RBC Capital | Reiterate | Rating: —Target: $440 | Target: $82 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.13B · Total debt $5.62B · Total assets $14.55B · Shareholders' equity $4.03B
- Revenue
- $7.38B
- Operating income
- $680.0M
- Net income
- $310.0M
No dividends on record.
| Institutions | ≈ 69.73% | 767.34M shares | |
|---|---|---|---|
| 904 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.61% | 39.76M shares | |
| 10 holders · as of Sep 16, 2026 | |||
| Other | ≈ 26.66% | 293.36M shares | |
| remainder | |||
1.10B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
1 position filed across a stock split leaves its adjustment unstated and stays out of the bar.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Price T Rowe Associates Inc /MD/Institution | 7.70% | 84.70M A | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 5.76% | 63.42M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.41% | 48.49M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.14% | 45.59M A | as of Jun 30, 2026 |
Ernest C. Iii GarciaInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 3.35% | 17.51M A · 19.40M B | filed Sep 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Thomas Taira | officer: President, Special Projects | −16,789 | $70.58 |
| Sep 1, 2026 | Mark W. Jenkins | officer: Chief Financial Officer | −63,750 | $71.55 |
| Sep 1, 2026 | Stephen R. Palmer | officer: Vice President of Accounting | −5,000 | $71.55 |
| Sep 1, 2026 | Benjamin E. Huston | officer: Chief Operating Officer | −50,000 | $71.55 |
| Aug 14, 2026 | J. Danforth Quayle | director | −14,525 | $75.00 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Carvana | $67.16 | −0.03% | $73.71B | 31.1 | 34.5 | 2.9 | +52.4% |
| CarMax | $56.84 | −1.76% | $8.21B | 35.9 | 20.1 | 0.3 | +6.2% |
| Lithia Motors | $311.56 | −1.45% | $6.95B | 10.5 | 7.8 | 0.2 | +2.2% |
| AutoNation | $168.75 | −0.01% | $5.65B | 7.8 | 7.1 | 0.2 | −0.6% |
| Sonic Automotive | $65.01 | −1.38% | $2.20B | 10.5 | 9.0 | 0.1 | +7.6% |
| CarGurus | $31.63 | −4.64% | $3.20B | 18.0 | 11.3 | 3.3 | +7.2% |
| Penske Automotive Group | $210.75 | −0.66% | $13.93B | 15.6 | 15.0 | 0.4 | +11.1% |
| Median | 13.1 | 10.2 | 0.3 | +6.7% |