Carvana
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-2.52K293.05153.17101.86
Price/Sales ratio
4.263.553.433.16
Earnings per Share (EPS)
$-0.13$1.16$2.23$3.36

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-10.92-41.53-1.78-15.91-15.91-22.51-33.67-66.87-0.1612.86-0.65-15.91
Price/Sales ratio
3.991.270.450.330.501.092.781.490.030.530.071.09
Price/Book Value ratio
8.122.551.232.3113.3843.9540.1562.72-0.9223.81-1.9943.95
Price/Cash Flow ratio
-5.52-3.11-0.69-1.45-2.37-5.69-25.58-7.39-0.367.20-0.78-2.37
Price/Free Cash Flow ratio
-4.90-2.46-0.59-1.04-1.76-4.36-16.07-6.09-0.268.08-0.56-1.76
Price/Earnings Growth ratio
N/A0.56-0.000.19-0.22-0.22-0.451.30-0.00-0.110.00-0.22
Dividend Yield
N/A20.13%N/AN/A0.47%N/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
-1.01%1.03%5.25%7.92%10.05%12.85%14.20%15.05%9.15%16.00%9.15%12.85%
Operating Profit Margin
-36.24%-27.09%-24.50%-18.08%-11.68%-7.20%-5.92%-0.85%-11.46%-0.66%-10.95%-11.68%
Pretax Profit Margin
-36.56%-28.20%-25.49%-19.13%-13.02%-9.25%-8.27%-2.23%-21.26%1.62%-21.26%-9.25%
Net Profit Margin
-36.56%-3.07%-25.49%-2.13%-3.15%-4.86%-8.27%-2.23%-21.27%4.17%-11.66%-4.86%
Effective Tax Rate
-0.56%89.10%-3.80%88.85%75.75%47.47%0.05%-0.34%-0.03%14.28%-0.03%47.47%
Return on Assets
-37.99%-2.94%-27.72%-2.85%-6.23%-9.30%-15.23%-4.09%-33.27%6.36%-18.24%-9.30%
Return On Equity
-74.34%-6.14%-68.96%-14.56%-84.12%-195.22%-119.25%-93.79%558.68%185.18%-1692.80%-195.22%
Return on Capital Employed
-73.70%-54.18%-64.18%-46.34%-34.55%-23.81%-12.89%-2.66%-25.54%-1.30%-24.40%-34.55%
Liquidity Ratios
Current Ratio
N/AN/AN/A1.602.011.574.11N/AN/AN/A1.771.57
Quick Ratio
0.420.720.450.850.760.681.890.601.041.410.260.68
Cash ratio
0.350.600.190.560.230.080.640.130.160.340.160.16
Days of Sales Outstanding
3.9412.295.685.996.183.695.135.866.789.016.786.18
Days of Inventory outstanding
228.61192.44195.72104.9885.5581.0778.91105.5955.4046.3955.4081.07
Operating Cycle
232.55204.73201.41110.9791.7384.7784.04111.4662.1955.4157.0884.77
Days of Payables Outstanding
19.3861.598.535.696.045.745.104.726.379.316.376.04
Cash Conversion Cycle
213.17143.14192.87105.2785.6879.0278.94106.7355.8146.0914.0779.02
Debt Ratios
Debt Ratio
0.430.310.010.470.630.780.540.821.010.861.120.63
Debt Equity Ratio
0.840.640.042.408.6216.474.2318.86-17.0125.18-18.8216.47
Long-term Debt to Capitalization
N/AN/A0.030.270.850.910.790.921.070.961.070.85
Total Debt to Capitalization
0.450.390.030.700.890.940.800.941.060.961.060.89
Interest Coverage Ratio
N/AN/AN/A-20.27-9.13-3.47-2.52N/AN/AN/A-3.06-9.13
Cash Flow to Debt Ratio
-1.73-1.26-43.98-0.66-0.65-0.46-0.37-0.44-0.150.13-0.15-0.65
Company Equity Multiplier
1.952.082.485.0913.5020.977.8222.92-16.7929.09-16.7920.97
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.72-0.41-0.65-0.23-0.21-0.19-0.10-0.20-0.090.07-0.09-0.21
Free Cash Flow / Operating Cash Flow Ratio
1.121.261.161.391.341.301.591.211.380.891.381.34
Cash Flow Coverage Ratio
-1.73-1.26-43.98-0.66-0.65-0.46-0.37-0.44-0.150.13-0.15-0.65
Short Term Coverage Ratio
-1.73-1.26-227.27-0.78-1.99-1.22-5.59-1.17-0.762.95-0.76-1.99
Dividend Payout Ratio
N/A-836.44%N/AN/A-7.47%N/AN/AN/AN/AN/AN/A-7.47%