CVNA Historical PE Ratio Notes

— Carvana (ticker: CVNA) operates as an online platform for buying & selling used cars, aiming to innovate the car-buying process by allowing customers to shop, finance, & arrange delivery or pickup from proprietary car vending machines entirely online. Since its founding in 2012, Carvana has experienced rapid revenue growth, reflecting strong demand for its digital-first approach & large-scale logistical capabilities. However, it is important for investors to note that Carvana's aggressive expansion & inventory investments have come with significant operating losses, especially through periods of volatility in used car prices, interest rates, & broader economic uncertainty. As you analyze historical PE ratios, you'll observe that Carvana often reported negative earnings, resulting in undefined or very high PE ratios in certain periods. When the company posted rare quarters of positive net income, the PE ratio dynamics shifted, sometimes dramatically. Thus, Carvana's PE ratio over time is less a simple valuation measure & more a reflection of market optimism about future earnings, rapid revenue growth, & evolving profitability prospects. Interpreting these ratios in context is essential; in unprofitable periods, other valuation metrics might be more informative than PE alone.

On this page we presented the CVNA Historical PE Ratio information for Carvana' stock. The average CVNA historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 98.6. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average CVNA historical PE based on this TTM earnings result method is 80.7. Note: any PE calculations resulting in a value exceeding 500 were discarded as not meaningful. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this CVNA historical PE result, against the recent PE: when this page was posted on 8/11/2026, the most recent closing price for CVNA had been 72.00, and the most recent quarterly earnings result, annualized, was 1.68. Meanwhile, the most recent TTM earnings summed to 1.808. From these numbers, we calculate the recent CVNA PE on 8/11/2026 based on annualized quarterly EPS was 42.9. Based on CVNA's history, that recent PE is low relative to the historical average, with the recent PE 56.5% lower than the historical average PE across our data set for Carvana. Looking at the recent CVNA PE on 8/11/2026 based on TTM EPS, we calculate the ratio at 39.8. Based on CVNA's history, that recent PE is low relative to the historical average, with the recent PE 50.7% lower than the average PE across our Carvana data set with TTM EPS used in the calculation at each period.

Another interesting CVNA historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for CVNA, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for CVNA, we start with the past four EPS numbers and we first sort them from lowest to highest: 0.21, 0.34, 0.42, and 0.84. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.34 and 0.42 — which gives us the median of 0.38. Basically the way to think about this 0.38 number is this: for the trailing four earnings reports, 0.38 marks the "middle ground" number where CVNA has reported a value higher than 0.38 half the time, and has reported a value lower than 0.38 half the time. Annualizing that median value then gets us to 1.52/share, which we use as the denominator in our next PE calculation. With 72.00 as the numerator (as of 8/11/2026), the calculation is then 72.00 / 1.52 = 47.4 as the CVNA PE ratio as of 8/11/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on CVNA or any other given stock, valuation analysis for CVNA can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Carvana PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for CVNA. Thanks for visiting, and the next time you need to research CVNA Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.