CARVANA CO.

Retail-Auto Dealers & Gasoline Stations·TEMPE, AZ·FY end 12/31·CIK 1690820

CEO Pay Ratio

194:1

Ernest C. Garcia, III

CEO Total Comp

$8.4M

Ernest C. Garcia, III

Median Employee

$43,236

Revenue

$20.3B

FY 2025

Net Income

$1.4B

FY 2025

Free Cash Flow

$889.0M

FY 2025

Net Margin

6.9%

Insider Net (180d)

-$13.6M

0 buys / 62 sales

CEO Pay Accountability

CEO comp as % of net income

0.60%

For every $1,000 of profit, $5.96 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$20.3B	$13.7B	$10.8B	$13.6B	$12.8B
Gross Profit	$4.2B	$2.9B	$1.7B	$1.2B	$1.9B
Operating Income	$1.9B	$990.0M	—	—	—
Net Income	$1.4B	$210.0M	$450.0M	-$1.6B	-$135.0M
Operating CF	$1.0B	$918.0M	$803.0M	-$1.3B	-$2.6B
Capex	$147.0M	$91.0M	$87.0M	$512.0M	$557.0M
Free Cash Flow	$889.0M	$827.0M	$716.0M	-$1.8B	-$3.2B
Buybacks	—	—	—	—	—	—
Dividends	—	—	—	—	—	—

Gross Margin	20.6%	21.0%	16.0%	9.2%	15.1%
Operating Margin	9.3%	7.2%	—	—	—
Net Margin	6.9%	1.5%	4.2%	-11.7%	-1.1%
FCF Margin	4.4%	6.0%	6.6%	-13.5%	-24.6%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	—	—	—	—	—	—
Debt / Equity	2.83	8.38	43.59	-25.20	19.44
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Ernest C. GarciaIII	$961.7K	$7.4M	—	—	$1.8K	$8.4M
Ernest C. Garcia, III · CEO	—	—	—	—	—	$8.4M
Mark JenkinsChief Financial Officer	$954.4K	$7.4M	—	—	$21.6K	$8.4M
Benjamin HustonChief Operating Officer	$954.4K	$7.4M	—	—	$19.7K	$8.4M
Daniel GillChief Product Officer	$825.0K	$6.6M	—	—	$51.8K	$7.5M
Thomas TairaPresident, Special	$838.2K	$4.5M	—	—	$7.7K	$5.3M