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. Carvana Co… Read more
Carvana Co (CVNA) - Net Assets
Latest net assets as of December 2025: $4.20 Billion USD
Based on the latest financial reports, Carvana Co (CVNA) has net assets worth $4.20 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.20 Billion) and total liabilities ($9.00 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.20 Billion |
| % of Total Assets | 31.84% |
| Annual Growth Rate | 62.24% |
| 5-Year Change | 700.57% |
| 10-Year Change | 3013.08% |
| Growth Volatility | 172.48 |
Carvana Co - Net Assets Trend (2014–2025)
This chart illustrates how Carvana Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Carvana Co (2014–2025)
The table below shows the annual net assets of Carvana Co from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.20 Billion | +205.67% |
| 2024-12-31 | $1.38 Billion | +458.07% |
| 2023-12-31 | $-384.00 Million | +63.53% |
| 2022-12-31 | $-1.05 Billion | -300.57% |
| 2021-12-31 | $525.00 Million | -34.54% |
| 2020-12-31 | $801.97 Million | +317.83% |
| 2019-12-31 | $191.94 Million | -15.60% |
| 2018-12-31 | $227.43 Million | -18.64% |
| 2017-12-31 | $279.54 Million | +107.05% |
| 2016-12-31 | $135.01 Million | +107.06% |
| 2015-12-31 | $65.20 Million | +218.11% |
| 2014-12-31 | $20.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carvana Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 900000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $3.45 Billion | 100.26% |
| Total Equity | $3.44 Billion | 100.00% |
Carvana Co Competitors by Market Cap
The table below lists competitors of Carvana Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ferguson Plc
NYSE:FERG
|
$44.08 Billion |
|
APOLLO GL.M.NEW DL-00001
F:N7I
|
$44.18 Billion |
|
Yum! Brands Inc
NYSE:YUM
|
$44.20 Billion |
|
China Hongqiao Group Limited
PINK:CHHQY
|
$44.45 Billion |
|
Deutsche Börse AG
PINK:DBOEF
|
$44.04 Billion |
|
MicroStrategy Incorporated
NASDAQ:MSTR
|
$44.03 Billion |
|
Jd Com Inc
PINK:JDCMF
|
$43.86 Billion |
|
Volvo AB ser. B
PINK:VOLVF
|
$43.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carvana Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,260,000,000 to 3,441,000,000, a change of 2,181,000,000 (173.1%).
- Net income of 1,407,000,000 contributed positively to equity growth.
- Share repurchases of 64,000,000 reduced equity.
- New share issuances of 536,000,000 increased equity.
- Other factors increased equity by 302,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.41 Billion | +40.89% |
| Share Repurchases | $64.00 Million | -1.86% |
| Share Issuances | $536.00 Million | +15.58% |
| Other Changes | $302.00 Million | +8.78% |
| Total Change | $- | 173.10% |
Book Value vs Market Value Analysis
This analysis compares Carvana Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 20.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 230.33x to 20.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $1.37 | $314.74 | x |
| 2015-12-31 | $4.35 | $314.74 | x |
| 2016-12-31 | $9.00 | $314.74 | x |
| 2017-12-31 | $8.25 | $314.74 | x |
| 2018-12-31 | $2.44 | $314.74 | x |
| 2019-12-31 | $2.09 | $314.74 | x |
| 2020-12-31 | $5.96 | $314.74 | x |
| 2021-12-31 | $3.70 | $314.74 | x |
| 2022-12-31 | $-5.14 | $314.74 | x |
| 2023-12-31 | $1.21 | $314.74 | x |
| 2024-12-31 | $9.53 | $314.74 | x |
| 2025-12-31 | $15.34 | $314.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carvana Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.92%
- • Asset Turnover: 1.54x
- • Equity Multiplier: 3.84x
- Recent ROE (40.89%) is above the historical average (-17.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -74.34% | -36.56% | 1.04x | 1.96x | $-17.29 Million |
| 2015 | -6.15% | -3.07% | 0.96x | 2.09x | $-10.53 Million |
| 2016 | -68.97% | -25.50% | 1.09x | 2.49x | $-106.61 Million |
| 2017 | -14.56% | -2.13% | 1.34x | 5.10x | $-30.89 Million |
| 2018 | -84.12% | -3.16% | 1.97x | 13.50x | $-69.09 Million |
| 2019 | -116.87% | -2.91% | 1.91x | 20.97x | $-124.47 Million |
| 2020 | -44.15% | -3.06% | 1.84x | 7.83x | $-209.90 Million |
| 2021 | -44.12% | -1.05% | 1.83x | 22.92x | $-165.60 Million |
| 2022 | 0.00% | -11.67% | 1.56x | 0.00x | $-1.54 Billion |
| 2023 | 185.19% | 4.18% | 1.52x | 29.10x | $425.70 Million |
| 2024 | 16.67% | 1.54% | 1.61x | 6.73x | $84.00 Million |
| 2025 | 40.89% | 6.92% | 1.54x | 3.84x | $1.06 Billion |
Industry Comparison
This section compares Carvana Co's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $479,331,244
- Average return on equity (ROE) among peers: 1.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carvana Co (CVNA) | $4.20 Billion | -74.34% | 2.14x | $44.07 Billion |
| Asbury Automotive Group Inc (ABG) | $473.20 Million | 35.50% | 4.70x | $2.82 Billion |
| ACV Auctions Inc. (ACVA) | $556.10 Million | -14.06% | 0.77x | $1.29 Billion |
| Balincan International Inc (ALTB) | $-44.44K | 0.00% | 0.00x | $549.75 Million |
| AMA Group Limited (AMGRF) | $162.85 Million | 10.57% | 0.80x | $14.62 Million |
| AutoNation Inc (AN) | $2.46 Billion | 28.17% | 4.29x | $6.02 Billion |
| AutoCanada Inc (AOCIF) | $86.39 Million | 10.04% | 2.10x | $138.46 Million |
| AUTO1 Group SE (ATOGF) | $118.48 Million | -80.39% | 2.00x | $2.48 Billion |
| Autozi Internet Technology (Global) Ltd. Class A Ordinary Shares (AZI) | $-28.41 Million | 0.00% | 0.00x | $21.12 Million |
| Boyd Group Services Inc (BYDGF) | $710.60 Million | 6.21% | 1.21x | $3.03 Billion |
| CarGurus (CARG) | $256.86 Million | 16.41% | 0.53x | $2.65 Billion |