CVNA (Carvana Co) Total Operating Expense: $2,466 Mil (TTM As of Mar. 2026)


CVNA Carvana Co CVNA
73 GF Score
Price $68.60
GF Value $75.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Carvana Co Total Operating Expense?

Carvana Co CVNA +1.08% 73 Total Operating Expense is $2,466 Mil as of Mar. 2026. GuruFocus rates CVNA with a GF Score™ of 73/100 and a GF Value™ of $75.99 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Carvana Co's Total Operating Expense for the three months ended in Mar. 2026 was $690 Mil. Carvana Co's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $2,466 Mil.

Carvana Co Total Operating Expense Related Terms

Carvana Co Total Operating Expense Historical Data

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The historical data trend for Carvana Co's Total Operating Expense 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 Total Operating Expense Chart

Carvana Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,033.00 2,750.00 1,804.00 1,886.00 2,311.00

Carvana Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 535.00 553.00 596.00 627.00 690.00
CVNA
73GF Score
Carvana Co CVNA
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Carvana Co Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,466 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.

What does a Total Operating Expense of $2,466 Mil mean?
Carvana Co (CVNA) has a Total Operating Expense of $2,466 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Carvana Co and its competitors.
Is Carvana Co's Total Operating Expense too high?
Carvana Co's current Total Operating Expense is $2,466 Mil. 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 Total Operating Expense compare to PAG and ALTB?
Carvana Co's Total Operating Expense of $2,466 Mil 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 Total Operating Expense for a Vehicles & Parts company?
A good Total Operating Expense depends on the Vehicles & Parts industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Carvana Co and its competitors. Carvana Co's current Total Operating Expense is $2,466 Mil. 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 $75.99, compared to a current price of $68.60 — trading 9.7% below its estimated fair value. The current Total Operating Expense is $2,466 Mil. 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Carvana Co (CVNA), the current Total Operating Expense is $2,466 Mil 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 (CVNA) Overvalued in 2026?

Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued. The current stock price of $68.60 is trading 9.7% below its estimated GF Value™ of $75.99. GuruFocus considers Carvana Co to be Modestly Undervalued.

Key valuation signals for CVNA:

  • Total Operating Expense: $2,466 Mil
  • GF Value™: $75.99 vs. price of $68.60 (9.7% below fair value)
  • GF Score™: 73/100 with 3 warning signs

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 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

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$68.60
Price
$75.99
GF Value