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Carma Valuation Multiples
Discover revenue and EBITDA valuation multiples for Carma and similar public comparables like BARK, Meb Corporation, Baozun, HKTV and more.
Carma Overview
About Carma
Carma Ltd is an online retailer of quality used cars in Australia. It offers an online platform that makes it easy to view a huge range of quality cars, compare them like-for-like, and pick and reserve a car online. The company offer fair pricing with no haggling, finance arrangements or cash payments, free delivery within Greater Sydney, and a 7-day trial period allowing customers to test the car in everyday life with the option to return it for a full refund if not satisfied.
Founded
2021
HQ
Employees
N/A
Website
Financials (LTM)
EV
$93M
Carma Financials
Carma reported last 12-month revenue of $78M and negative EBITDA of ($19M).
In the same LTM period, Carma generated $7M in gross profit, ($19M) in EBITDA losses, and had net loss of ($27M).
Revenue (LTM)
Carma P&L
In the most recent fiscal year, Carma reported revenue of $49M and EBITDA of ($18M).
Carma expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $78M | XXX | $49M | XXX | XXX | XXX |
| Gross Profit | $7M | XXX | $4M | XXX | XXX | XXX |
| Gross Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| EBITDA | ($19M) | XXX | ($18M) | XXX | XXX | XXX |
| EBITDA Margin | (24%) | XXX | (37%) | XXX | XXX | XXX |
| EBIT Margin | (30%) | XXX | (45%) | XXX | XXX | XXX |
| Net Profit | ($27M) | XXX | ($23M) | XXX | XXX | XXX |
| Net Margin | (35%) | XXX | (46%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Carma Stock Performance
Carma has current market cap of $133M, and enterprise value of $93M.
Market Cap Evolution
Carma's stock price is $0.97.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $93M | $133M | — | XXX | XXX | XXX | $-0.17 |
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Start Free TrialCarma Valuation Multiples
Carma trades at 1.2x EV/Revenue multiple, and (5.0x) EV/EBITDA.
EV / Revenue (LTM)
Carma Financial Valuation Multiples
As of March 29, 2026, Carma has market cap of $133M and EV of $93M.
Equity research analysts estimate Carma's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Carma has a P/E ratio of (4.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $133M | XXX | $133M | XXX | XXX | XXX |
| EV (current) | $93M | XXX | $93M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | (5.0x) | XXX | (5.2x) | XXX | XXX | XXX |
| EV/EBIT | (4.0x) | XXX | (4.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 12.6x | XXX | 26.0x | XXX | XXX | XXX |
| P/E | (4.9x) | XXX | (5.9x) | XXX | XXX | XXX |
| EV/FCF | (3.5x) | XXX | (5.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Carma Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Carma Margins & Growth Rates
Carma's revenue in the last 12 month grew by 70%.
Carma's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Carma's rule of X is 152% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Carma Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 70% | XXX | 79% | XXX | XXX | XXX |
| EBITDA Margin | (24%) | XXX | (37%) | XXX | XXX | XXX |
| EBITDA Growth | (14%) | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 152% | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 29% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 52% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Carma Public Comps
See public comps and valuation multiples for other Auto Services and Consumer E-commerce comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| BARK | XXX | XXX | XXX | XXX | XXX | XXX |
| Meb Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Baozun | XXX | XXX | XXX | XXX | XXX | XXX |
| HKTV | XXX | XXX | XXX | XXX | XXX | XXX |
| Zeda | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Carma M&A Activity
Carma acquired XXX companies to date.
Last acquisition by Carma was on XXXXXXXX, XXXXX. Carma acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Carma
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCarma Investment Activity
Carma invested in XXX companies to date.
Carma made its latest investment on XXXXXXXX, XXXXX. Carma invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Carma
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Carma
| When was Carma founded? | Carma was founded in 2021. |
| Where is Carma headquartered? | Carma is headquartered in Australia. |
| Is Carma publicly listed? | Yes, Carma is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Carma? | Carma trades under CMA ticker. |
| When did Carma go public? | Carma went public in 2025. |
| Who are competitors of Carma? | Carma main competitors are BARK, Meb Corporation, Baozun, HKTV. |
| What is the current market cap of Carma? | Carma's current market cap is $133M. |
| What is the current revenue of Carma? | Carma's last 12 months revenue is $78M. |
| What is the current revenue growth of Carma? | Carma revenue growth (NTM/LTM) is 70%. |
| What is the current EV/Revenue multiple of Carma? | Current revenue multiple of Carma is 1.2x. |
| Is Carma profitable? | No, Carma is not profitable. |
| What is the current EBITDA of Carma? | Carma has negative EBITDA and is not profitable. |
| What is Carma's EBITDA margin? | Carma's last 12 months EBITDA margin is (24%). |
| What is the current EV/EBITDA multiple of Carma? | Current EBITDA multiple of Carma is (5.0x). |
| What is the current FCF of Carma? | Carma's last 12 months FCF is ($27M). |
| What is Carma's FCF margin? | Carma's last 12 months FCF margin is (35%). |
| What is the current EV/FCF multiple of Carma? | Current FCF multiple of Carma is (3.5x). |
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