Carvana Co.CVNA
What Carvana Co. does.
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"). Carvana Co. Class A common stock trades on the New York Stock Exchange ("NYSE") under the symbol "CVNA."
Carvana is the leading e-commerce platform for buying and selling used cars. We are transforming the used car buying and selling experience by giving consumers what they want - a wide selection, great value and quality, transparent pricing, and a simple, no pressure transaction. Our differentiated business model combines a comprehensive online sales experience with a vertically integrated supply chain, designed to sell high-quality vehicles to our customers transparently and efficiently at a low price. The automotive retail industry is large – with approximately 37 million used auto retail transactions in the United States (“U.S.”) in 2024 according to Cox Automotive – and highly fragmented – with the top 10 used auto retailers in the U.S. accounting for less than 10% of the market share in 2024. These dynamics create an exceptional opportunity for disruption that our custom-built business model can capitalize on to remain well-positioned for long term growth. Over the years, we have leveraged our growing logistics network, which spans 316 metropolitan statistical areas, and our in-house distribution network, servicing over 80% of the U.S. population as of December 31, 2025, to sell 2.8 million retail vehicles, generating $84.1 billion in total revenue since inception in 2012 through December 31, 2025.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $5.6B | $12.8B | $13.6B | $10.8B | $13.7B | $20.3B |
| Net income | -$171.0M | -$135.0M | -$1.6B | $450.0M | $210.0M | $1.4B |
| Free cash flow | -$968.0M | -$3.2B | -$1.8B | $716.0M | $827.0M | $889.0M |
More on CVNA.
- Carvana Co. summary
- Carvana Co. financial statements
- Carvana Co. key metrics
- Carvana Co. health scores and style box
- Carvana Co. earnings
- Carvana Co. dividends
- Carvana Co. valuation
- Carvana Co. ownership and insiders
- Carvana Co. peers
Figures from Carvana Co.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.