Carvana Valuation Multiples

Carvana Overview

About Carvana

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.

Founded

2016

HQ

Employees

23.1K

Website

carvana.com

Sectors

Consumer MarketplacesVertical MarketplacesConsumer E-commerceVertical E-commerceAutomotiveTech

Financials (LTM)

Revenue: $22B

EBITDA: $2B

EV

$54B

Valuation Multiples

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Carvana Financials

Carvana reported last 12-month revenue of $22B and EBITDA of $2B.

In the same LTM period, Carvana generated $5B in gross profit, $2B in EBITDA, and $2B in net income.

Carvana P&L

In the most recent fiscal year, Carvana reported revenue of $20B and EBITDA of $2B.

Carvana expects next 12-month revenue of XXX and NTM EBITDA of XXX

Carvana Stock Performance

Carvana has current market cap of $51B, and enterprise value of $54B.

Carvana's stock price is $359.27.

Carvana Valuation Multiples

Carvana trades at 2.4x EV/Revenue multiple, and 22.3x EV/EBITDA.

Carvana Financial Valuation Multiples

As of April 14, 2026, Carvana has market cap of $51B and EV of $54B.

Equity research analysts estimate Carvana's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Carvana has a P/E ratio of 28.3x.

Carvana Margins & Growth Rates

Carvana's revenue in the last 12 month grew by 29%.

Carvana's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.1M for the same period.

Carvana's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Carvana's rule of X is 91% (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).

Carvana Public Comps

See public comps and valuation multiples for other Consumer Marketplaces and Vertical Marketplaces comps.

Carvana M&A Activity

Carvana acquired XXX companies to date.

Last acquisition by Carvana was on XXXXXXXX, XXXXX. Carvana acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Carvana Investment Activity

Carvana invested in XXX companies to date.

Carvana made its latest investment on XXXXXXXX, XXXXX. Carvana invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).