TTM
20.0%
YoY change
+0.80pp
Trough year (2014)
-5.1%
Peak year (2025)
20.6%
Latest annual
20.6%
Gross Margin history chart for Carvana (CVNA) from 2014 to 2025
Latest: 20.6%
Gross Margin change chart for Carvana (CVNA) from 2014 to 2025
Latest: +0.80pp
Gross Margin history table for Carvana (CVNA) from 2014 to 2025
| 2025 | 20.6% | +0.80pp | ||
| 2024 | 19.8% | +3.82pp | ||
| 2023 | 16.0% | +8.65pp | ||
| 2022 | 7.4% | -6.89pp | ||
| 2021 | 14.3% | +1.33pp | ||
| 2020 | 12.9% | +1.07pp | ||
| 2019 | 11.8% | +2.93pp | ||
| 2018 | 8.9% | +2.33pp | ||
| 2017 | 6.6% | +2.60pp | ||
| 2016 | 4.0% | +5.10pp | ||
| 2015 | -1.1% | +3.99pp | ||
| 2014 | -5.1% | — |
- 202520.6%+0.80pp
- 202419.8%+3.82pp
- 202316.0%+8.65pp
- 20227.4%-6.89pp
- 202114.3%+1.33pp
- 202012.9%+1.07pp
- 201911.8%+2.93pp
- 20188.9%+2.33pp
- 20176.6%+2.60pp
- 20164.0%+5.10pp
- 2015-1.1%+3.99pp
- 2014-5.1%—
Gross Margin values are taken from Carvana's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Carvana (CVNA)
According to Carvana's latest reported financial statements, the company's latest reported gross margin is 20.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Carvana (CVNA) gross margin totalled 20.63% – expanded 0.8 percentage points year-over-year.
2025 marks the peak gross margin at 20.63%, with the historical low of -5.11% recorded in 2014.
Carvana Gross Margin by Year
Carvana Gross Margin 2025: 20.6%
Carvana posted gross margin of 20.63% in 2025, expanded 0.8 percentage points from 2024. This figure represents the highest annual value in the available history.
Carvana Gross Margin 2024: 19.8%
In 2024, Carvana reported gross margin of 19.83%, expanded 3.8 percentage points from 2023.
Carvana Gross Margin 2023: 16.0%
Carvana gross margin in 2023 was 16.01%, expanded 8.6 percentage points from 2022.
Carvana Gross Margin 2022: 7.4%
2022's gross margin for Carvana came in at 7.36%, contracted 6.9 percentage points from 2021.
Carvana Gross Margin 2021: 14.3%
Carvana gross margin in 2021 was 14.25%.
See more financial history for Carvana (CVNA).
Sector peers by Gross Margin
Consumer Cyclical peers of Carvana (CVNA), ranked by their latest gross margin
| 100.0% | |
| 57.4% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.1% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 57.4%
- 56.0%
- 50.6%
- 39.8%
- 33.1%
- 31.4%
- 19.1%
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