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Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
2016
17.4K+
LTM Revenue $14.5B
LTM EBITDA $1.5B
$31.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Carvana has a last 12-month revenue of $14.5B and a last 12-month EBITDA of $1.5B.
In the most recent fiscal year, Carvana achieved revenue of $13.7B and an EBITDA of $1.4B.
Carvana expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Carvana valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $10.8B | $13.7B | XXX | XXX | XXX |
| Gross Profit | $1.2B | $1.7B | XXX | XXX | XXX |
| Gross Margin | 12% | 13% | XXX | XXX | XXX |
| EBITDA | $1.2B | $1.4B | XXX | XXX | XXX |
| EBITDA Margin | 11% | 10% | XXX | XXX | XXX |
| Net Profit | -$1.6B | $450M | XXX | XXX | XXX |
| Net Margin | -15% | 3% | XXX | XXX | XXX |
| Net Debt | $7.9B | $5.7B | XXX | XXX | XXX |
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As of April 15, 2025, Carvana's stock price is $205.
Carvana has current market cap of $27.5B, and EV of $31.4B.
See Carvana trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $31.4B | $27.5B | XXX | XXX | XXX | XXX | $2.42 |
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Sign UpAs of April 15, 2025, Carvana has market cap of $27.5B and EV of $31.4B.
Carvana's trades at 2.2x LTM EV/Revenue multiple, and 20.6x LTM EBITDA.
Analysts estimate Carvana's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Carvana and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $31.4B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 23.1x | XXX | XXX | XXX |
| P/E | 131.0x | XXX | XXX | XXX |
| P/E/Growth | 0.9x | XXX | XXX | XXX |
| EV/FCF | 37.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCarvana's NTM/LTM revenue growth is 21%
Carvana's revenue per employee for the last fiscal year averaged $0.8M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Carvana's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Carvana's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Carvana and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 27% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 31% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 14% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Prosus | XXX | XXX | XXX | XXX | XXX | XXX |
| Just Eat Takeaway.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Marti Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Airtasker | XXX | XXX | XXX | XXX | XXX | XXX |
| Articore Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Carvana acquired XXX companies to date.
Last acquisition by Carvana was XXXXXXXX, XXXXX XXXXX XXXXXX . Carvana acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Carvana founded? | Carvana was founded in 2016. |
| Where is Carvana headquartered? | Carvana is headquartered in United States of America. |
| How many employees does Carvana have? | As of today, Carvana has 17.4K+ employees. |
| Who is the CEO of Carvana? | Carvana's CEO is Mr. Ernest Garcia, III. |
| Is Carvana publicy listed? | Yes, Carvana is a public company listed on NYS. |
| What is the stock symbol of Carvana? | Carvana trades under CVNA ticker. |
| When did Carvana go public? | Carvana went public in 2017. |
| Who are competitors of Carvana? | Similar companies to Carvana include e.g. Prosus, Just Eat Takeaway.com, Marti Technologies, Airtasker. |
| What is the current market cap of Carvana? | Carvana's current market cap is $27.5B |
| What is the current revenue of Carvana? | Carvana's last 12-month revenue is $14.5B. |
| What is the current EBITDA of Carvana? | Carvana's last 12-month EBITDA is $1.5B. |
| What is the current EV/Revenue multiple of Carvana? | Current revenue multiple of Carvana is 2.2x. |
| What is the current EV/EBITDA multiple of Carvana? | Current EBITDA multiple of Carvana is 20.6x. |
| What is the current revenue growth of Carvana? | Carvana revenue growth between 2023 and 2024 was 27%. |
| Is Carvana profitable? | Yes, Carvana is EBITDA-positive (as of the last 12 months). |
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