CVNA EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
CVNA's ev/ebitda is higher than 65% of the last 10 years.
EV/EBITDA History
CVNA EV/EBITDA by year
Yearly range of CVNA’s ev/ebitda from 2021 to 2026. Over the full period it ranged from 9.4 to 1,505.6, averaging 299.1.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 323.1 | 371.1 | 415.9 | 335.1 |
| 2025 | 16.7 | 28.0 | 37.6 | 34.3 |
| 2024 | 9.4 | 18.2 | 39.2 | 24.2 |
| 2021 | 1,074.3 | 1,335.2 | 1,505.6 | 1,200.5 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is CVNA EV/EBITDA High or Low Right Now?
Carvana Co.'s EV/EBITDA is currently 335.1, which is above average relative to its 10-year historical range. The 10-year median EV/EBITDA for CVNA is approximately 29.5. See all CVNA valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.