CVNACarvana
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (A), and big price swings.
Insiders were net sellers (-$23.4M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -99% · now 33% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CVNA take a bad year?
Carvana carries $2.80B of net debt at 1.25× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.25×
Net debt / EBITDA · 2.69× a year ago · the load is coming down
- Interest cover
- 5.29×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 66%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $5.43B
- Cash and short-term investments
- $2.63B
- Net debt
- $2.80B
- EBITDA, trailing twelve months
- $2.25B
- Operating profit, trailing twelve months
- $2.24B
- Debt / equity
- 1.35×
- Total debt / EBITDA
- 2.42×
- Annualised volatilitytwo years of daily moves
- 66%
- Worst drawdown on file
- −99%
- Below its 52-week high
- 33%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Auto & Truck Dealerships
The closest names by size in the same industry