Carvana Co (XSWX:CVNA) Inventory Turnover: 2.02 (As of Mar. 2026)

What is Carvana Co Inventory Turnover?

Carvana Co XSWX:CVNA -3.90% 73 Inventory Turnover is 2.02 as of Mar. 2026. GuruFocus rates XSWX:CVNA with a GF Score™ of 73/100 and a GF Value™ of CHF63.63. The stock has 3 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Carvana Co's Cost of Goods Sold for the three months ended in Mar. 2026 was CHF4,063 Mil. Carvana Co's Average Total Inventories for the quarter that ended in Mar. 2026 was CHF2,008 Mil. Carvana Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carvana Co's Days Inventory for the three months ended in Mar. 2026 was 45.10.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Carvana Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.40.

Carvana Co (XSWX:CVNA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Carvana Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	2008.151	/	4063.256	*	365 / 4
	=	45.10

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Carvana Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	2008.151	/	5063.914
	=	0.40

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Carvana Co Inventory Turnover Related Terms

Carvana Co Inventory Turnover Historical Data

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The historical data trend for Carvana Co's Inventory Turnover can be seen below:

Carvana Co Inventory Turnover Chart

Carvana Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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5.25

4.95

5.71

7.93

7.67

Carvana Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															2.11	2.07	2.05	1.93	2.02

73GF Score

Carvana Co XSWX:CVNA

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Carvana Co Inventory Turnover Calculation

Carvana Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	12853.997	/ (	(1433.693	+	1918.935)	/	2 )
=	12853.997	/	1676.314
=	7.67

Carvana Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	4063.256	/ (	(1918.935	+	2097.367)	/	2 )
=	4063.256	/	2008.151
=	2.02

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.02 mean?

Carvana Co (XSWX:CVNA) has a Inventory Turnover of 2.02 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Carvana Co and its competitors.

Is Carvana Co's Inventory Turnover too high?

Carvana Co's current Inventory Turnover is 2.02. Overall, Carvana Co has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.

How does Carvana Co's Inventory Turnover compare to PAG and ALTB?

Carvana Co's Inventory Turnover of 2.02 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 Inventory Turnover for a Vehicles & Parts company?

A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover 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 Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Carvana Co and its competitors. Carvana Co's current Inventory Turnover is 2.02. 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?

Carvana Co (XSWX:CVNA) has a current Inventory Turnover of 2.02. The stock's GF Value™ is CHF63.63, compared to a current price of CHF52.50 — trading 17.5% below its estimated fair value. The current Inventory Turnover is 2.02. 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 Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Carvana Co (XSWX:CVNA), the current Inventory Turnover is 2.02 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 (XSWX:CVNA) Overvalued in 2026?

Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued. The current stock price of CHF52.50 is trading 17.5% below its estimated GF Value™ of CHF63.63.

Key valuation signals for XSWX:CVNA:

Inventory Turnover: 2.02
GF Value™: CHF63.63 vs. price of CHF52.50 (17.5% below fair value)
GF Score™: 73/100 with 3 warning signs

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

Carvana Co Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies PAG ALTB LAD KMX AN RUSHA VVV OPLN GPI ABG XBRU:DIE TPE:2207 TSE:4732 ASX:APE LSE:INCH TSX:BYD CARG SAH MCW DRVN

Other Exchanges CVNA:USA CVNA:Mexico 1CVNA:Italy 0A79:UK CV0:Germany

Address 300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281

Website https://www.carvana.com

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

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CHF52.50

Price

CHF63.63

GF Value

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