Filing Flows › Carvana (CVNA) › Gross margin
Carvana (CVNA) gross margin by quarter
Carvana's gross margin was 18.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026. Over the last 6 quarters it ranged from 18.8% (Q2 2026) to 22.0% (Q2 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 18.9% | +0.2 pts | -1.4 pts |
| Q2 2026 | 18.8% | -1.0 pts | -3.2 pts |
| Q1 2026 | 19.8% | -0.6 pts | -2.2 pts |
| Q3 2025 | 20.3% | -1.7 pts | — |
| Q2 2025 | 22.0% | +0.0 pts | — |
| Q1 2025 | 22.0% | — | — |
Q3 2026 at a glance
Carvana, Q3 2026: revenue $8.0B (+42% year over year), operating margin 8.9%, net earnings $289M, operating cash flow $555M. The chart follows the revenue to costs, profit and cash.
Questions
What is Carvana's gross margin?
Carvana's gross margin was 18.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026.
How has Carvana's gross margin changed?
Over the last 6 quarters it ranged from 18.8% (Q2 2026) to 22.0% (Q2 2025).