Carvana Co. (CVNA)

Growth Stock Valuation · Consumer Cyclical · Auto & Truck Dealerships

Valuation as at 2026-08-14

About Carvana Co.

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. The company also operates auction sites.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Carvana Co. CVNA

Consumer Cyclical · Auto & Truck Dealerships

Price
$73.70
Market Cap
$109.67B
Free Cash Flow
$424.4M
Revenue (TTM)
$25.06B
Revenue Growth
52.4%
Gross Margin
19.4%
Net Debt
$2.56B
52-Week Range
$54.46–$97.38

What does the current price assume?

At the current price, the market appears to be pricing in about 110.5% initial revenue growth — steep enough that the model's own free cash flow would dip before recovering by year 9, even though Carvana Co.'s actual free cash flow is already positive.

Carvana Co.'s trailing free cash flow is $424.4M on 52.4% current revenue growth today. The model's reinvestment charge scales with the assumed growth rate, not the company's actual current pace — funding 110.5% growth takes substantially more reinvestment than the business is really making right now, which is what pushes the modeled figure negative before it recovers.

Carvana Co.'s price & financial trends

Data as at 2026-08-14

Share price · last 2 years

$73.70 +145% vs 2024-08
S&P 500 $30.12$49.50$67.39$74.90$79.16$73.70 2024-082025-012025-062025-112026-042026-08

Revenue Per year

$20.32B +49% vs FY22
$13.60B$10.77B$13.67B$20.32BFY22FY23FY24FY25

Free cash flow Per quarter

$187.0M +9450% vs Q2 '25
$-2.0M$307.0M$379.0M$56.0M$187.0MQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Operating margin trajectory Per year

9.3% +184% vs FY22
-11.1%-0.7%7.2%9.3%FY22FY23FY24FY25

Growth Score

Good Fit3 of 5 criteria passed
Rule of 40 (Growth % + FCF Margin % >= 40)54.1%
Revenue Growth > 20%52.4%
Gross Margin > 50%19.4%
Cash Runway > 24 MonthsSkipped
Operating Margin Trajectory Improving-11.1% -> 9.3%
Dilution (Diluted Shares Growth) <= 10%/yr69.6%

Value investing scale · Buffett · Dalio · Graham

Partial Fit
11 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for CVNA →

The two models, in detail

Each shown with what it says the company is worth today and what growth the current price already implies — not just a single point estimate.

Multi-Stage DCF

$18.71
-74.6% margin of safety
Deeply Overvalued

EV / Sales

$66.14
-10.3% margin of safety
Overvalued
Implied EV/Sales at the current price: 2.22x (vs. today's reported 2.26x)

These numbers come from running Carvana Co.'s revenue and margin trajectory through the Multi-Stage DCF and EV/Sales formulas above — not from any view on the news, management, or CVNA's competitive position. What is a multi-stage DCF?

Want to test your own growth, margin, or discount-rate assumptions?Open the full interactive calculator, pre-filled with CVNA →

More S&P 500 stocks we've valued

Not financial advice. Multi-Stage DCF and EV/Sales valuations are highly sensitive to assumptions — small changes in growth rate, target margin, or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full Growth Stock Evaluator. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Carvana Co. (CVNA) undervalued?

The Multi-Stage DCF estimates intrinsic value at $18.71 vs a price of $73.70 on 2026-08-14. This is a mechanical output from a model with genuine assumptions built in (target margin, growth fade, reinvestment) — not advice.

What does "implied growth rate" mean?

It's the reverse question: instead of assuming a growth rate and computing a value, this holds every other assumption fixed and asks what initial revenue growth rate would make the model's value equal to today's actual price. It tells you what the market is already betting on, which you can then judge for plausibility yourself.