Carvana Free Cash Flow per Share vs Operating Income Analysis

CVNA Stock

USD 71.44 0.08 0.11%

Carvana financial indicator trend analysis is way more than just evaluating Carvana prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carvana is a good investment. Please check the relationship between Carvana Free Cash Flow Per Share and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Per Share vs Operating Income

Free Cash Flow per Share vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carvana Free Cash Flow per Share account and Operating Income. At this time, the significance of the direction appears to have weak relationship.

The correlation between Carvana's Free Cash Flow per Share and Operating Income is 0.32. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Operating Income in the same time period over historical financial statements of Carvana Co, assuming nothing else is changed. The correlation between historical values of Carvana's Free Cash Flow per Share and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of Carvana Co are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Free Cash Flow per Share i.e., Carvana's Free Cash Flow per Share and Operating Income go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Operating Income

Operating Income is the amount of profit realized from Carvana operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Carvana Co is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Carvana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carvana current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At present, Carvana's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 588.3 M, whereas Selling General Administrative is forecasted to decline to about 812.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	176M	486M	632M	663.6M
Depreciation And Amortization	105M	261M	352M	369.6M

Interest Expense Depreciation And Amortization

Carvana fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Accounts Payable	Cash	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Short Term Investments
Total Assets		0.9	-0.04	-0.56	0.77	0.95	0.99	0.86	0.84	0.85	0.99	0.85	0.93	0.85	-0.55	0.94	0.99	0.93	-0.15	0.97	0.99	-0.91	0.97	0.86	-0.71	0.98
Total Current Liabilities	0.9		-0.13	-0.32	0.76	0.77	0.83	0.59	0.96	0.96	0.88	0.99	0.98	0.99	-0.5	0.72	0.88	0.92	-0.14	0.79	0.88	-0.71	0.79	0.6	-0.65	0.87
Total Stockholder Equity	-0.04	-0.13		0.44	-0.08	0.17	0.03	0.22	0.1	-0.13	-0.12	-0.13	-0.05	-0.13	-0.08	-0.01	-0.13	-0.13	-0.18	-0.09	-0.15	0.27	-0.09	0.24	-0.2	0.12
Net Tangible Assets	-0.56	-0.32	0.44		-0.42	-0.53	-0.63	-0.66	-0.08	-0.17	-0.64	-0.27	-0.32	-0.27	0.08	-0.74	-0.65	-0.41	-0.3	-0.71	-0.65	0.82	-0.71	-0.64	0.18	-0.5
Accounts Payable	0.77	0.76	-0.08	-0.42		0.69	0.73	0.66	0.67	0.66	0.77	0.71	0.77	0.71	-0.65	0.72	0.76	0.67	-0.33	0.75	0.77	-0.69	0.74	0.6	-0.82	0.76
Cash	0.95	0.77	0.17	-0.53	0.69		0.97	0.92	0.74	0.71	0.93	0.71	0.84	0.71	-0.56	0.95	0.93	0.85	-0.2	0.95	0.92	-0.87	0.95	0.95	-0.75	0.95
Net Receivables	0.99	0.83	0.03	-0.63	0.73	0.97		0.93	0.76	0.75	0.98	0.77	0.87	0.77	-0.53	0.98	0.98	0.88	-0.13	0.99	0.98	-0.92	0.99	0.93	-0.68	0.98
Common Stock Shares Outstanding	0.86	0.59	0.22	-0.66	0.66	0.92	0.93		0.54	0.48	0.86	0.52	0.66	0.52	-0.49	0.96	0.86	0.68	-0.13	0.92	0.85	-0.86	0.92	0.99	-0.61	0.9
Inventory	0.84	0.96	0.1	-0.08	0.67	0.74	0.76	0.54		0.96	0.79	0.95	0.96	0.95	-0.51	0.62	0.79	0.88	-0.22	0.69	0.79	-0.56	0.69	0.55	-0.67	0.84
Other Current Assets	0.85	0.96	-0.13	-0.17	0.66	0.71	0.75	0.48	0.96		0.82	0.95	0.95	0.95	-0.49	0.63	0.81	0.9	-0.19	0.71	0.82	-0.63	0.71	0.49	-0.62	0.8
Total Liab	0.99	0.88	-0.12	-0.64	0.77	0.93	0.98	0.86	0.79	0.82		0.83	0.91	0.83	-0.52	0.96	1.0	0.92	-0.11	0.98	1.0	-0.94	0.98	0.86	-0.67	0.96
Short Long Term Debt	0.85	0.99	-0.13	-0.27	0.71	0.71	0.77	0.52	0.95	0.95	0.83		0.95	1.0	-0.45	0.65	0.83	0.87	-0.12	0.72	0.83	-0.64	0.72	0.53	-0.61	0.83
Total Current Assets	0.93	0.98	-0.05	-0.32	0.77	0.84	0.87	0.66	0.96	0.95	0.91	0.95		0.95	-0.54	0.77	0.9	0.96	-0.18	0.83	0.9	-0.75	0.83	0.67	-0.71	0.9
Short Term Debt	0.85	0.99	-0.13	-0.27	0.71	0.71	0.77	0.52	0.95	0.95	0.83	1.0	0.95		-0.46	0.65	0.83	0.87	-0.12	0.72	0.83	-0.64	0.72	0.53	-0.61	0.83
Common Stock	-0.55	-0.5	-0.08	0.08	-0.65	-0.56	-0.53	-0.49	-0.51	-0.49	-0.52	-0.45	-0.54	-0.46		-0.5	-0.52	-0.5	0.73	-0.52	-0.51	0.41	-0.52	-0.49	0.79	-0.57
Property Plant Equipment	0.94	0.72	-0.01	-0.74	0.72	0.95	0.98	0.96	0.62	0.63	0.96	0.65	0.77	0.65	-0.5		0.96	0.8	-0.09	0.99	0.95	-0.96	0.99	0.96	-0.63	0.93
Short Long Term Debt Total	0.99	0.88	-0.13	-0.65	0.76	0.93	0.98	0.86	0.79	0.81	1.0	0.83	0.9	0.83	-0.52	0.96		0.91	-0.1	0.98	1.0	-0.95	0.98	0.86	-0.66	0.96
Other Current Liab	0.93	0.92	-0.13	-0.41	0.67	0.85	0.88	0.68	0.88	0.9	0.92	0.87	0.96	0.87	-0.5	0.8	0.91		-0.12	0.86	0.91	-0.82	0.86	0.7	-0.63	0.88
Other Liab	-0.15	-0.14	-0.18	-0.3	-0.33	-0.2	-0.13	-0.13	-0.22	-0.19	-0.11	-0.12	-0.18	-0.12	0.73	-0.09	-0.1	-0.12		-0.1	-0.1	-0.03	-0.1	-0.14	0.55	-0.19
Property Plant And Equipment Net	0.97	0.79	-0.09	-0.71	0.75	0.95	0.99	0.92	0.69	0.71	0.98	0.72	0.83	0.72	-0.52	0.99	0.98	0.86	-0.1		0.98	-0.97	1.0	0.92	-0.66	0.94
Net Debt	0.99	0.88	-0.15	-0.65	0.77	0.92	0.98	0.85	0.79	0.82	1.0	0.83	0.9	0.83	-0.51	0.95	1.0	0.91	-0.1	0.98		-0.95	0.98	0.85	-0.65	0.95
Retained Earnings	-0.91	-0.71	0.27	0.82	-0.69	-0.87	-0.92	-0.86	-0.56	-0.63	-0.94	-0.64	-0.75	-0.64	0.41	-0.96	-0.95	-0.82	-0.03	-0.97	-0.95		-0.97	-0.85	0.54	-0.84
Non Current Assets Total	0.97	0.79	-0.09	-0.71	0.74	0.95	0.99	0.92	0.69	0.71	0.98	0.72	0.83	0.72	-0.52	0.99	0.98	0.86	-0.1	1.0	0.98	-0.97		0.92	-0.65	0.94
Cash And Short Term Investments	0.86	0.6	0.24	-0.64	0.6	0.95	0.93	0.99	0.55	0.49	0.86	0.53	0.67	0.53	-0.49	0.96	0.86	0.7	-0.14	0.92	0.85	-0.85	0.92		-0.62	0.89
Common Stock Total Equity	-0.71	-0.65	-0.2	0.18	-0.82	-0.75	-0.68	-0.61	-0.67	-0.62	-0.67	-0.61	-0.71	-0.61	0.79	-0.63	-0.66	-0.63	0.55	-0.66	-0.65	0.54	-0.65	-0.62		-0.73
Short Term Investments	0.98	0.87	0.12	-0.5	0.76	0.95	0.98	0.9	0.84	0.8	0.96	0.83	0.9	0.83	-0.57	0.93	0.96	0.88	-0.19	0.94	0.95	-0.84	0.94	0.89	-0.73

Click cells to compare fundamentals

Carvana Account Relationship Matchups

Carvana fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	3.0B	7.0B	8.7B	7.1B	7.4B
Total Current Liabilities	864.9M	467.1M	2.9B	2.6B	1.5B	1.0B
Total Stockholder Equity	98.1M	387.6M	306M	(518M)	243M	255.2M
Net Tangible Assets	81.5M	372.6M	293M	(588M)	(529.2M)	(502.7M)
Accounts Payable	234.4M	66.5M	141M	216M	224M	116.4M
Cash	76.0M	300.8M	403M	434M	530M	556.5M
Net Receivables	39.9M	85.0M	206M	253M	266M	279.3M
Common Stock Shares Outstanding	46.8M	65.0M	82.8M	100.8M	200.6M	210.6M
Inventory	762.7M	1.0B	3.1B	1.9B	1.2B	978.3M
Other Current Assets	151.4M	197.9M	545M	503M	138M	174.4M
Total Liab	1.9B	2.2B	6.5B	9.8B	7.5B	7.8B
Short Long Term Debt	617.6M	105.3M	2.2B	1.7B	857M	682.9M
Total Current Assets	1.4B	1.9B	4.9B	4.6B	3.3B	1.9B
Short Term Debt	617.6M	108.8M	2.2B	1.7B	857M	683.3M
Common Stock	133K	145K	152K	173K	155.7K	147.9K
Property Plant Equipment	666.9M	1.1B	1.9B	3.8B	4.3B	4.6B
Short Long Term Debt Total	1.6B	1.9B	5.8B	8.8B	6.7B	7.0B
Other Current Liab	6.5M	275.0M	510M	618M	425M	246.9M
Other Liab	1.8M	1.4M	31M	78M	70.2M	44.7M
Property Plant And Equipment Net	666.9M	1.1B	1.9B	3.8B	3.4B	3.6B
Net Debt	1.5B	1.6B	5.4B	8.4B	6.2B	6.5B
Retained Earnings	(183.0M)	(354.2M)	(489M)	(2.1B)	(1.6B)	(1.5B)
Non Current Assets Total	698.3M	1.1B	2.1B	4.1B	3.8B	3.9B
Cash And Short Term Investments	76.0M	300.8M	403M	434M	896M	940.8M
Common Stock Total Equity	133K	145K	152K	173K	155.7K	147.9K
Liabilities And Stockholders Equity	2.1B	3.0B	7.0B	8.7B	7.1B	3.7B
Non Current Liabilities Total	1.0B	1.8B	3.6B	7.2B	5.9B	6.2B
Other Stockholder Equity	281.0M	741.6M	795M	1.6B	1.9B	2.0B
Property Plant And Equipment Gross	666.9M	1.1B	1.9B	3.8B	4.2B	4.4B
Non Currrent Assets Other	14.9M	31.8M	181M	254M	261M	274.1M
Long Term Debt	883.1M	1.6B	3.2B	6.6B	5.4B	5.7B
Long Term Debt Total	883.1M	1.6B	3.2B	6.6B	7.6B	7.9B
Non Current Liabilities Other	1.8M	148.9M	392M	78M	70M	97.1M
Current Deferred Revenue	6.4M	16.9M	34M	23M	30M	31.5M
Noncontrolling Interest In Consolidated Entity	93.8M	413.9M	219M	(535M)	(481.5M)	(457.4M)
Other Assets	14.9M	187.2M	181M	254M	292.1M	306.7M

Pair Trading with Carvana

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carvana position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carvana will appreciate offsetting losses from the drop in the long position's value.

Moving together with Carvana Stock

0.8

AutoNation Earnings Call This Week

Pair Corr

Moving against Carvana Stock

0.74	FNKO	Funko Inc Financial Report 2nd of May 2024	Pair Corr
0.72	DXLG	Destination XL Group Financial Report 23rd of May 2024	Pair Corr
0.65	BIG	Big Lots Financial Report 24th of May 2024	Pair Corr
0.56	WNW	Meiwu Technology Report 10th of May 2024	Pair Corr

The ability to find closely correlated positions to Carvana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carvana when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carvana - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carvana Co to buy it.

The correlation of Carvana is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carvana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carvana moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Carvana can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Carvana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Carvana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Carvana Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carvana Co Stock:

How To Invest In Carvana

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Is Carvana Stock a good investment?

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What is Carvana's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Carvana Stock analysis

When running Carvana's price analysis, check to measure Carvana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carvana is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.

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Is Carvana's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carvana. If investors know Carvana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carvana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(4.18)

Revenue Per Share

98.525

Quarterly Revenue Growth

(0.15)

Return On Assets

(0.01)

Return On Equity

(12.69)

The market value of Carvana is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana's value that differs from its market value or its book value, called intrinsic value, which is Carvana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carvana's market value can be influenced by many factors that don't directly affect Carvana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Carvana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carvana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Carvana Free Cash Flow per Share vs Operating Income Analysis

Free Cash Flow Per Share vs Operating Income

Free Cash Flow per Share vs Operating Income Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Operating Income

Carvana fundamental ratios Correlations

Carvana Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Carvana fundamental ratios Accounts

Pair Trading with Carvana

Moving together with Carvana Stock

Moving against Carvana Stock

Complementary Tools for Carvana Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Liab
Net Debt	+ 1.0	Total Liab
Short Term Debt	+ 1.0	Short Long Term Debt
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Receivables	+ 0.99	Total Assets

Non Current Assets Total	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Property Plant And Equipment Net
Retained Earnings	- 0.96	Property Plant Equipment
Retained Earnings	- 0.95	Net Debt
Retained Earnings	- 0.95	Short Long Term Debt Total
Retained Earnings	- 0.94	Total Liab