Carvana Co.
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Mar 2017 | 6.1% | — | -24.2% |
| Jun 2017 | 7.7% | — | -6.9% |
| Sep 2017 | 9.1% | — | -1.9% |
| Dec 2017 | 8.3% | — | -2.1% |
| Mar 2018 | 9.5% | — | -2.0% |
| Jun 2018 | 10.3% | — | -2.1% |
| Sep 2018 | 10.7% | — | -3.0% |
| Dec 2018 | 9.6% | — | -3.8% |
| Mar 2019 | 11.7% | — | -3.1% |
| Jun 2019 | 14.0% | — | -2.1% |
| Sep 2019 | 12.6% | — | -2.7% |
| Dec 2019 | 12.9% | — | -3.7% |
| Mar 2020 | 12.6% | — | -5.5% |
| Jun 2020 | 13.4% | — | -3.7% |
| Sep 2020 | 17.0% | — | -0.5% |
| Dec 2020 | 13.4% | — | -3.5% |
| Mar 2021 | 15.1% | — | -1.6% |
| Jun 2021 | 16.5% | — | 0.7% |
| Sep 2021 | 15.0% | — | -0.9% |
| Dec 2021 | 13.7% | — | -2.4% |
| Mar 2022 | 8.5% | — | -7.4% |
| Jun 2022 | 10.2% | — | -6.1% |
| Sep 2022 | 10.6% | — | -8.4% |
| Dec 2022 | 6.8% | — | -28.4% |
| Mar 2023 | 13.1% | -5.1% | -6.1% |
| Jun 2023 | 16.8% | 1.4% | -2.0% |
| Sep 2023 | 17.4% | 1.7% | 28.2% |
| Dec 2023 | 16.6% | -1.6% | -4.7% |
| Mar 2024 | 19.3% | 4.4% | 0.9% |
| Jun 2024 | 21.0% | 7.6% | 0.5% |
| Sep 2024 | 22.1% | 9.2% | 2.3% |
| Dec 2024 | 21.5% | 7.3% | 2.2% |
| Mar 2025 | 22.0% | 9.3% | 5.1% |
| Jun 2025 | 22.0% | 10.6% | 3.8% |
| Sep 2025 | 20.3% | 9.8% | 2.7% |
| Dec 2025 | 18.8% | 7.6% | 15.3% |
| Mar 2026 | 19.8% | 9.0% | 3.9% |
| Jun 2026 | 18.8% | 9.2% | 4.2% |