CVNA
Carvana
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: CVNA
- PE Ratio
The current PE ratio for Carvana stock as of Jul 13, 2026 is 31.4. This is calculated based on the TTM EPS of $2.07 and the stock price of $64.99 per share. The PE ratio marks a decrease of 46% from its last 4 quarters average of 57.8.
CVNA PE ratio history
The average historical PE ratio of Carvana for the last three years is 51.93. The current P/E ratio of 31.4 is 40% lower than the historical average. Looking back at the last three years, CVNA's PE ratio peaked in the Dec 2024 quarter at 119.62, when the price was $40.67 and the EPS was $0.34. The lowest point was in the Dec 2023 quarter, when it reached 12.91 with a price of $10.59 and an EPS of $0.82.
Carvana PE ratio by year
Maximum annual increase: 826.57% in 2024
Maximum annual decrease: -65.42% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 41.37 | -65.42% | $84.4 | $2.04 |
| 2024 | 119.62 | 826.57% | $40.67 | $0.34 |
| 2023 | 12.91 | N/A | $10.59 | $0.82 |
| 2022 | N/A | N/A | $0.95 | -$3.15 |
| 2021 | N/A | N/A | $46.36 | -$0.33 |
| 2020 | N/A | N/A | $47.91 | -$0.53 |
| 2019 | N/A | N/A | $18.41 | -$0.49 |
| 2018 | N/A | N/A | $6.54 | -$0.41 |
| 2017 | N/A | N/A | $3.82 | -$0.26 |
| 2016 | N/A | N/A | N/A | -$0.14 |
| 2015 | N/A | N/A | N/A | -$0.05 |
| 2014 | N/A | N/A | N/A | -$0.03 |
Carvana PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 30.37 | -26.59% | $62.88 | $2.07 |
| Dec 2025 | 41.37 | -49.01% | $84.4 | $2.04 |
| Sep 2025 | 81.13 | 3.53% | $75.45 | $0.93 |
| Jun 2025 | 78.36 | 16.17% | $67.39 | $0.86 |
| Mar 2025 | 67.45 | -43.61% | $41.82 | $0.62 |
| Dec 2024 | 119.62 | N/A | $40.67 | $0.34 |
| Sep 2024 | N/A | N/A | $34.82 | -$0.01 |
| Jun 2024 | 20.43 | 30.13% | $25.74 | $1.26 |
| Mar 2024 | 15.7 | 21.61% | $17.58 | $1.12 |
| Dec 2023 | 12.91 | N/A | $10.59 | $0.82 |
| Sep 2023 | N/A | N/A | $8.4 | -$0.57 |
| Jun 2023 | N/A | N/A | $5.18 | -$2.51 |
| Mar 2023 | N/A | N/A | $1.96 | -$2.87 |
| Dec 2022 | N/A | N/A | $0.95 | -$3.15 |
| Sep 2022 | N/A | N/A | $4.06 | -$1.79 |
CVNA Price vs fair value
CVNA average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, CVNA's PE ratio is lower than its 3 and 5-year averages.
PE comparison
Carvana's price to earnings (P/E) of 31.4 is higher than the Consumer Cyclical sector and the industry average. In comparison with the Consumer Cyclical sector average of 20.77, Carvana's price to earnings (P/E) is 51% higher.
CVNA PE vs peers
In comparison to its peer stock KMX, CVNA's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CVNA Carvana Co | 31.4 | $71.28B |
| KMX Carmax Inc | 34.51 | $7.79B |
| OPLN Openlane Inc. | N/A | $4.19B |
Frequently asked questions
What is Carvana's PE ratio?
CVNA's price to earnings ratio is 31.4 as of Jul 13, 2026.
What is the 3-year average PE ratio for Carvana (CVNA)?
As an average over the last 3 years, CVNA stock has a PE ratio of 51.93.
What is the 5-year average PE ratio for Carvana (CVNA)?
As an average over the last 5 years, CVNA stock has a PE ratio of 51.93.
What is the highest PE ratio for CVNA?
Over the last three years, the Dec 2024 quarter recorded the highest quarterly PE ratio at 119.62.
How does the current PE ratio for CVNA compare to its historical average?
The current PE ratio of CVNA is 40% lower than the 3-year historical average.
How is CVNA's PE ratio calculated (Carvana PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 13, 2026), Carvana's share price is $64.99. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.07. Therefore, Carvana's PE ratio for today is 31.4. PE RATIO(31.4) = STOCK PRICE($64.99) / TTM EPS($2.07)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.