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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Reportable Segment | $4.23B 100.0% | $4.84B 100.0% | $6.43B 100.0% | $7.38B 100.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Reportable Segment | $394.0M 9.3% | $511.0M 10.6% | $581.0M 9.0% | $680.0M 9.2% |
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 | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Retail vehicle sales, net | $2.98B 70.4% | $3.41B 70.4% | $4.83B 75.1% | $5.51B 74.7% |
| Wholesale sales and revenues | $863.0M 20.4% | $1.02B 21.2% | $1.08B 16.8% | $1.34B 18.2% |
| Other sales and revenues | $389.0M 9.2% | $411.0M 8.5% | $526.0M 8.2% | $526.0M 7.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Average monthly unique visitors | 18.1M | 19.6M | 21.4M | 21.8M +20.1% |
| Retail vehicle units sold | 143,280 | 155,941 | 187,393 | 197,325 +37.7% |
| Wholesale vehicle unit sales | 72,770 | 80,369 | 83,574 | 105,052 +44.4% |
| Total website units | 56,394 | 67,236 | 70,600 | 77,971 +38.3% |
| Metropolitan statistical areas covered | 316 | 316 | 316 | 316 +0.0% |
| U.S. population served by distribution network | 80.0% | 80.0% | 80.0% | 80.0% +0.0% |
| U.S. population within 100 miles of an IRC or auction site | 75.0% | 75.0% | 75.0% | 75.0% +0.0% |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
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: September 25, 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.