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.
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.
Carvana CoCVNA +8.37%73 EV-to-OCF is 72.37 as of Aug. 19, 2026. GuruFocus rates CVNA with a GF Score™ of 73/100 and a GF Value™ of $81.47 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,333 Vehicles & Parts companies, Carvana Co ranks worse than 94.37% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Carvana Co's Enterprise Value is $81,050 Mil.
Carvana Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,120 Mil. Therefore, Carvana Co's EV-to-OCF for today is 72.37.
The historical rank and industry rank for Carvana Co's EV-to-OCF or its related term are showing as below:
CVNA'
s EV-to-OCF Range Over the Past 10 Years
Min: -42.58 Med: -5.22 Max: 105.56
Current: 72.37
During the past 12 years, the highest EV-to-OCF of Carvana Co was 105.56. The lowest was -42.58. And the median was -5.22.
CVNA's EV-to-OCF is ranked worse than 94.37% of 1333
companies
in the Vehicles & Parts industry
Industry Median: 8.34
vs CVNA: 72.37
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Carvana Co's share price for today is $70.44.
Carvana Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.808.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Carvana Co EV-to-OCF Related Terms
Carvana Co EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Carvana Co's EV-to-OCF 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.
For the Auto & Truck Dealerships subindustry, Carvana Co's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Carvana Co's EV-to-OCF falls into.
Carvana Co's current Enterprise Value is $81,050 Mil.
Carvana Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,120 Mil.
* 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 (CVNA) has a EV-to-OCF of 72.37 as of Aug. 19, 2026. According to the industry distribution chart, Carvana Co ranks #1258 out of 1333 companies in the Vehicles & Parts industry, placing it in the top 94.4%.
Is Carvana Co's EV-to-OCF too high?
Carvana Co's current EV-to-OCF is 72.37. The Vehicles & Parts industry median EV-to-OCF is 8.34. Carvana Co's value of 72.37 is 767.7% above this industry median. Based on the distribution chart, Carvana Co ranks #1258 out of 1333 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Carvana Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carvana Co's EV-to-OCF compare to PAG and KMX?
According to the Vehicles & Parts industry distribution chart, Carvana Co ranks #1258 out of 1333 companies for EV-to-OCF. This places Carvana Co in the lower half of its industry. The industry median EV-to-OCF is 8.34. Carvana Co's value of 72.37 is 767.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Vehicles & Parts company?
The median EV-to-OCF among Vehicles & Parts companies is 8.34, based on 1,333 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carvana Co's current EV-to-OCF of 72.37 is 767.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median EV-to-OCF is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carvana Co's current EV-to-OCF is 72.37. 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 (CVNA) is currently considered Modestly Undervalued. The stock's GF Value™ is $81.47, compared to a current price of $70.44 — trading 13.5% below its estimated fair value. The current EV-to-OCF is 72.37 and 767.7% above the Vehicles & Parts industry median of 8.34. Carvana Co's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Carvana Co (CVNA), the current EV-to-OCF is 72.37 as of Aug. 19, 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 (CVNA) Overvalued in 2026?
Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued.
The current stock price of $70.44 is trading 13.5% below its estimated GF Value™ of $81.47.
GuruFocus considers Carvana Co to be Modestly Undervalued.
Key valuation signals for CVNA:
EV-to-OCF: 72.37
GF Value™: $81.47 vs. price of $70.44 (13.5% below fair value)
Industry Position: 767.7% above the Vehicles & Parts median (#1258 of 1333)
No single metric tells the full story. See the CVNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 CVNA
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CVNA has been successfully added to your 
