Carvana Co (HAM:CV0) Cyclically Adjusted Revenue per Share: €17.66 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:CV0 Carvana Co HAM:CV0
73 GF Score
Price €60.80
GF Value €66.05
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Carvana Co Cyclically Adjusted Revenue per Share?

Carvana Co HAM:CV0 +2.44% 73 Cyclically Adjusted Revenue per Share is €17.66 as of Mar. 2026. GuruFocus rates HAM:CV0 with a GF Score™ of 73/100 and a GF Value™ of €66.05 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Carvana Co's adjusted revenue per share for the three months ended in Mar. 2026 was €7.514. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €17.66 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2026-07-16), Carvana Co's current stock price is €60.80. Carvana Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €17.66. Carvana Co's Cyclically Adjusted PS Ratio of today is 3.44.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Carvana Co was 4.58. The lowest was 2.72. And the median was 3.25.


Carvana Co  (HAM:CV0) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Carvana Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=60.80/17.66
=3.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Carvana Co was 4.58. The lowest was 2.72. And the median was 3.25.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Carvana Co Cyclically Adjusted Revenue per Share Related Terms


Carvana Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Carvana Co's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Carvana Co Cyclically Adjusted Revenue per Share Chart

Carvana Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 17.86

Carvana Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 17.66 17.86 17.66

HAM:CV0 vs PAG, ALTB, KMX: Cyclically Adjusted Revenue per Share Comparison

For the Auto & Truck Dealerships subindustry, Carvana Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carvana Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Carvana Co's Cyclically Adjusted PS Ratio falls into.


HAM:CV0
73GF Score
Carvana Co HAM:CV0
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carvana Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Carvana Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.514/330.2130*330.2130
=7.514

Current CPI (Mar. 2026) = 330.2130.

Carvana Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.027 241.018 1.407
201609 1.174 241.428 1.606
201612 1.350 241.432 1.846
201703 1.983 243.801 2.686
201706 2.480 244.955 3.343
201709 2.514 246.819 3.363
201712 2.819 246.524 3.776
201803 3.187 249.554 4.217
201806 2.929 251.989 3.838
201809 2.646 252.439 3.461
201812 2.610 251.233 3.431
201903 3.233 254.202 4.200
201906 3.792 256.143 4.889
201909 3.994 256.759 5.137
201912 3.957 256.974 5.085
202003 3.943 258.115 5.044
202006 2.994 257.797 3.835
202009 3.745 260.280 4.751
202012 4.104 260.474 5.203
202103 4.829 264.877 6.020
202106 3.146 271.696 3.824
202109 6.978 274.310 8.400
202112 7.641 278.802 9.050
202203 7.049 287.504 8.096
202206 7.243 296.311 8.072
202209 6.461 296.808 7.188
202212 5.057 296.797 5.626
202303 4.592 301.836 5.024
202306 5.158 305.109 5.582
202309 2.523 307.789 2.707
202312 2.108 306.746 2.269
202403 2.654 312.332 2.806
202406 4.932 314.175 5.184
202409 4.932 315.301 5.165
202412 4.803 315.605 5.025
202503 5.491 319.799 5.670
202506 5.859 322.561 5.998
202509 6.578 324.800 6.688
202512 6.728 324.054 6.856
202603 7.514 330.213 7.514

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €17.66 mean?
Carvana Co (HAM:CV0) has a Cyclically Adjusted Revenue per Share of €17.66 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Carvana Co and its competitors.
Is Carvana Co's Cyclically Adjusted Revenue per Share too high?
Carvana Co's current Cyclically Adjusted Revenue per Share is €17.66. Overall, Carvana Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carvana Co's Cyclically Adjusted Revenue per Share compare to PAG and ALTB?
Carvana Co's Cyclically Adjusted Revenue per Share of €17.66 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Revenue per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Carvana Co and its competitors. Carvana Co's current Cyclically Adjusted Revenue per Share is €17.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carvana Co stock overvalued right now?
Based on GuruFocus' analysis, Carvana Co (HAM:CV0) is currently considered Fairly Valued. The stock's GF Value™ is €66.05, compared to a current price of €60.80 — trading 7.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €17.66. Carvana Co's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Carvana Co (HAM:CV0), the current Cyclically Adjusted Revenue per Share is €17.66 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Carvana Co (HAM:CV0) Overvalued in 2026?

Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued. The current stock price of €60.80 is trading 7.9% below its estimated GF Value™ of €66.05. GuruFocus considers Carvana Co to be Fairly Valued.

Key valuation signals for HAM:CV0:

  • Cyclically Adjusted Revenue per Share: €17.66
  • GF Value™: €66.05 vs. price of €60.80 (7.9% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the HAM:CV0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carvana Co Business Description

Address 300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
73GF Score

Get the complete analysis for HAM:CV0

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€60.80
Price
€66.05
GF Value