Carvana Co
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Carvana Co (CVNA). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Reportable Segment | $13.60B 100.0% | $10.77B 100.0% · -20.8% | $13.67B 100.0% · +26.9% | $20.32B 100.0% · +48.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Reportable Segment | -$2.35B -17.3% | -$80.0M -0.7% | $990.0M 7.2% | $1.88B 9.3% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Retail vehicle sales, net | $9.85B 76.9% | $10.25B 75.4% · +4.1% | $7.51B 69.8% · -26.7% | $9.68B 70.8% · +28.8% | $14.54B 71.5% · +50.2% |
| Wholesale sales and revenues | $1.92B 15.0% | $2.61B 19.2% · +35.9% | $2.50B 23.2% · -4.0% | $2.84B 20.8% · +13.5% | $4.05B 19.9% · +42.6% |
| Other sales and revenues | $1.04B 8.1% | $741.0M 5.4% · -29.0% | $753.0M 7.0% · +1.6% | $1.15B 8.4% · +52.9% | $1.73B 8.5% · +50.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.