Carvana (CVNA)
NYSEConsumer DiscretionaryAuto - DealershipsSnapshot 2026-11-05
$72.08-7.07%
Close 2026-11-05 · 1-day change
NYSEConsumer DiscretionaryAuto - DealershipsSnapshot 2026-11-05
QuarterlyIQ Insights · CVNA
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-11-05.
The screen ranks CVNA against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated strong grew net income 62% of the time over the next year (vs 50% for the rest of the cohort, n=5250).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Starting with the strides we are making toward 3 million: In the quarter, we sold 217,000 units - our first quarter over 200,000.
Stated in 8 of 8 supplied quarters. Management reported: “Starting with the strides we are making toward 3 million: In the quarter, we sold 217,000 units - our first quarter over 200,000.” “We have line of sight to our goal of selling 3 million cars per year and achieving 13.5% Adjusted EBITDA margin.” Revenue was $8.040 billion in 2026-Q3.
“Starting with the strides we are making toward 3 million: In the quarter, we sold 217,000 units - our first quarter over 200,000.”
“We remain firmly on the path to selling 3 million cars per year and to achieving 13.5% Adjusted EBITDA margin by 2030 to 2035.”
“We remain firmly on the path of achieving our mission of changing the way people buy and sell cars and to selling 3 million cars per year at a 13.5% adjusted EBITDA margin by 2030 to 2035.”
“The path to selling 3 million cars per year at 13.5% Adjusted EBITDA margins by 2030 to 2035 is clear.”
“And we are still relentlessly marching down the path to hitting our goal of selling 3 million cars per year at a 13.5% Adjusted EBITDA margin within 5 to 10 years.”
“We remain firmly on the path toward our current goal of selling 3 million retail units per year at a 13.5% Adjusted EBITDA margin within 5 to 10 years and to achieving our mission of changing the way…”
We have line of sight to our goal of selling 3 million cars per year and achieving 13.5% Adjusted EBITDA margin.
Stated in 8 of 8 supplied quarters. Management reported: “Looking toward the fourth quarter, we expect the following as long as the environment remains stable: • A sequential increase in retail units sold, and • Adjusted EBITDA 2 in the higher end of our previously communicated range of $2.7 to $3.0 billion for the full year 2026.” “In line with our focus on GAAP metrics, in 2027 we will convert our mid-term goal to selling 3 million retail units annually at a 12.5% Operating margin between 2030 and 2035.” Operating income was $714.000 million in 2026-Q3.
By building excess reconditioning capacity, we expect to benefit from near-term operational flexibility while laying a clear foundation to support growth over the medium and long term.
Stated in 8 of 8 supplied quarters. Management reported: “By building excess reconditioning capacity, we expect to benefit from near-term operational flexibility while laying a clear foundation to support growth over the medium and long term.” “In 2026, we expect to integrate 6 to 8 existing ADESA sites.”
“By building excess reconditioning capacity, we expect to benefit from near-term operational flexibility while laying a clear foundation to support growth over the medium and long term.”
Over the last two years, we have driven up our Net Promoter Score by 9 points and provided our customers with twice as much selection, delivery times that are 2 days faster, lower interest rates on t…
Stated in 8 of 8 supplied quarters. Management reported: “Over the last two years, we have driven up our Net Promoter Score by 9 points and provided our customers with twice as much selection, delivery times that are 2 days faster, lower interest rates on their loans relative to benchmarks, and a continually simplifying process.” “We continue to see significant opportunities to improve efficiency, deliver more value to customers, and grow into our existing infrastructure.”
Pair retail-unit growth with profitability, with the stated long-term objective of a 13.5% Adjusted EBITDA margin.
Over the trailing year it converted 1.12x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 49% of the time over the next year (vs 49% for the rest of the cohort, n=4822).
Most sensitive to the broad stock market and long-term interest rates.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
6 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Consumer Discretionary names rated stable grew net income 53% of the time over the next year (vs 54% for the rest of the cohort, n=4907).
Not investment advice. As of 2026-11-05.
“Our new management objective is to sell 3 million retail units per year at an Adjusted EBITDA margin of 13.5% within 5 to 10 years.”
“Objective #1: Grow Retail Units and Revenue Retail units sold totaled 114,379 in Q4, a year-over-year increase of 50%.”
“We have line of sight to our goal of selling 3 million cars per year and achieving 13.5% Adjusted EBITDA margin.”
“We remain firmly on the path to selling 3 million cars per year and to achieving 13.5% Adjusted EBITDA margin by 2030 to 2035.”
“We remain firmly on the path of achieving our mission of changing the way people buy and sell cars and to selling 3 million cars per year at a 13.5% adjusted EBITDA margin by 2030 to 2035.”
“The path to selling 3 million cars per year at 13.5% Adjusted EBITDA margins by 2030 to 2035 is clear.”
“And we are still relentlessly marching down the path to hitting our goal of selling 3 million cars per year at a 13.5% Adjusted EBITDA margin within 5 to 10 years.”
“We remain firmly on the path toward our current goal of selling 3 million retail units per year at a 13.5% Adjusted EBITDA margin within 5 to 10 years and to achieving our mission of changing the way…”
“Our new management objective is to sell 3 million retail units per year at an Adjusted EBITDA margin of 13.5% within 5 to 10 years.”
“5 Management Objectives Our current focus is centered on profitable growth.”
“By building excess reconditioning capacity, we expect to benefit from near-term operational flexibility while laying a clear foundation to support growth over the medium and long term.”
“By building excess reconditioning capacity, we expect to benefit from near-term operational flexibility while laying a clear foundation to support growth over the medium and long term.”
“Looking forward we will continue investing in our infrastructure ahead of future growth.”
“While this capacity is well in excess of our current annual sales run rate, we believe it’s valuable to continue to invest in building capacity well ahead of future growth.”
“Expanding selection and integrating ADESA locations continues to be a key focus.”
“We already have real estate capacity for 3 million unit sales per year and are methodically unlocking that capacity with Megasites.”
“Looking forward, we plan to pursue growth at a rate that balances the long-term benefits of scale with the long-term benefits of further fundamental improvements to our unit economics, customer exper…”
“Over the last two years, we have driven up our Net Promoter Score by 9 points and provided our customers with twice as much selection, delivery times that are 2 days faster, lower interest rates on t…”
“We continue to focus on management-focused CARLI tools and expand our associate training curriculum to support more consistent execution across locations as we scale.”
“Our goal is to make that system dramatically simpler, more efficient, more scalable, and more customer-centric.”
“Our growth in 2025 was again driven by our three fundamental drivers: 1) continuously improving our customer offering, 2) increasing awareness, understanding, and trust, and 3) increasing inventory s…”
“We still have fundamental gain opportunities in every revenue and cost line item with plans to systematically unlock them.”
“In our Q2 2024 shareholder letter, we discussed three fundamental drivers of our growth: 1) continuously improving the customer experience; 2) increasing awareness, understanding, and trust in our of…”
“3 2) Even Better Customer Experiences: Our focus on operational efficiencies and application of technology also continue to drive even better customer experiences.”
“However, this letter maintains our historical format built around the three objectives (1) Grow Retail Units and Revenue; (2) Increase Total Gross Profit Per Unit; and (3) Demonstrate Operating Lever…”