Carvana Co. (CVNA)

Retail-Auto Dealers & Gasoline Stations

Latest Price

$59.23

TTM P/E

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

5.61

P/B Ratio

10.55

Valuation metrics

EPS: $8.45

Book value / share: $15.34

Formula: √(22.5 × EPS × BVPS)

Graham Number

$54.01

9% downside

Base FCF: $827M (median of recent 5yr)

Growth: 11%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$90.33

+53% upside

EPS: $8.45

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$126.75

+114% upside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Price T Rowe Associates Inc	84.70M	$5.57B	11.83%	+66.91M	2026-06-30
Capital Research Global Investors	63.42M	$4.17B	8.86%	+52.57M	2026-06-30
BlackRock, Inc.	48.49M	$3.19B	6.78%	+36.96M	2026-06-30
Vanguard Capital Management LLC	45.59M	$3.00B	6.37%	+36.60M	2026-06-30
FMR LLC	33.60M	$2.21B	4.70%	+26.16M	2026-06-30
Vanguard Portfolio Management LLC	32.15M	$2.12B	4.49%	+25.81M	2026-06-30
State Street Corp	29.44M	$1.94B	4.11%	+23.74M	2026-06-30
Citadel Advisors LLC	27.54M	$1.81B	3.85%	+20.89M	2026-06-30
Citigroup Inc	27.19M	$1.79B	3.80%	+20.93M	2026-06-30
Jane Street Group, LLC	26.16M	$1.72B	3.66%	+22.18M	2026-06-30