PerpEquities

Equity · Consumer cyclical

Carvana Co. (CVNA) perpetual futures

CVNA perpetual futures on 14 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade CVNAUSDT.

Carvana Co. operates a digital platform for buying and selling pre-owned vehicles in the US, offering online browsing, financing, delivery, and post-sale support.

$77.60+8.8%NYSE closed
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Collecting venue price data...
venue perp mark · Ourbit (CVNA/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

14/14 live markets
Venues
14
Live markets
14/14
24h volume
$1.1MCoverage: 9/14 marketsExchange-reported volume: $5.8M
Open interest
$15.2M
Best liquidity
$176.2K
Bitget
Tightest spread
+2.6 bps
MEXC
Highest volume
$460.2K
XT.com
Settlement mix
USDT · 13/14
Perp/spot vol.
0.00x
Spot volume $1.6B
OI / float
+0.02%
Float $77.7B
Spot performance
1D+8.80%
5D+14.16%
1M+21.61%
6M+2.97%
YTD-8.12%
1Y+25.16%

Venue matrix

14 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
XT.comTradeCVNA/USDTTrading$77.60+11.0% APR
+0.010% every 8h
+11.6 bps$53.8K$460.2K$14.4MUSDT20x
OKXTradeCVNA/USDTTrading$77.660.0% APR
0.000% every 8h
+20.1 bps$4.9K$187.9K$114.2KUSDT20x
BybitTradeCVNA/USDTTrading$77.560.0% APR
0.000% every 8h
+29.7 bps$3.9K$126.1K$98.2KUSDT25x
MEXCTradeCVNA/USDTTrading$77.590.0% APR
0.000% every 8h
+2.6 bps$22.8K$103.9K$24.6KUSDT20x
BitunixTradeCVNA/USDTTrading$77.60-2.0% APR
-0.00187% every 8h
+21.9 bps$30.6K$89.4K$9.7KUSDT20x
BloFinTradeCVNA/USDTTrading$77.58+0.3% APR
+0.00032% every 8h
+19.3 bps$24.2K$52.5K$40.3KUSDT20x
HTXTradeCVNA/USDTTrading$77.590.0% APR
0.000% every 8h
+166.0 bps$26.6K$35.1K$6.4KUSDT-
Gate.ioTradeCVNA/USDTTrading$77.630.0% APR
0.000% every 8h
+42.5 bps$11.2K$8.3K$12.4KUSDT20x
Crypto.com ExchangeTradeCVNA/USDTrading$77.91+64.6% APR
+0.00738% every 1h
+19.3 bps$2.9K$6.5K$783.8USD50x
OurbitTradeCVNA/USDTTrading$77.620.0% APR
0.000% every 8h
+11.6 bps$57.2K$1.6M⚠$202.8KUSDT20x
BitgetTradeCVNA/USDTTrading$77.600.0% APR
0.000% every 8h
+18.0 bps$176.2K$961K⚠$95.8KUSDT20x
BinanceTradeCVNA/USDTTrading$77.590.0% APR
0.000% every 8h
+11.6 bps$27.9K$825.9K⚠$158.9KUSDT-
LBankTradeCVNA/USDTTrading$77.590.0% APR
0.000% every 8h
--$689.7K⚠$2.4KUSDT50x
BingXTradeCVNA-USDTTrading$77.59+5.5% APR
+0.00500% every 8h
+14.2 bps$31.8K$675.7K⚠$7.5KUSDT-

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 8 of 14 venues absorb $10k · Typical cost: +38.1 bps – +48.6 bps

Too thin: Gate.io, OKX, Bybit, Crypto.com Exchange

No fresh book data: HTX, LBank

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

CVNA

Tightest spread

CVNA

Highest volume

CVNA

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-28 · next report 2027-02-17 · Updated 102h ago
All financials →

Valuation & key figures

Market cap
$74.9B
Updated 102h ago
Revenue
$27.5B
Trailing 12 months
Revenue growth
+46%
Next fiscal year
Profit margin
+6.2%
P/E
22.2
Peer P/E 26.5
P/S
2.7
Peer P/E
26.5
Similar listed perps
Free cash flow
$1.1B
Trailing 12 months
Net income
$1.7B
Trailing 12 months
Revenue estimate
$29.6B
Next fiscal year
Earnings
2027-02-17
Revenue est. $7.8B · Updated 102h ago
Dividend
-
Revenue (TTM)$27.5B+50.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)8.7%-0.7 pp vs a year agoOperating income $2.4B
Net income (TTM)$1.71B+171.2% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.11B+103.8% vs a year agoCapex $217M
Diluted EPS (TTM)$2.34+167.4% vs a year agoSum of the last 4 quarters
Net cash-$2.57B+15.6% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-28): revenue beat by 4.3%, EPS missed by 11.6%Revenue $8.04B vs $7.71B expected (+4.3%); EPS $0.39 vs $0.44 (-11.6%).
  • Revenue growth slowing: 42.4% year on yearQ3 '26 revenue $8.04B, against an average of 54.2% over the four quarters before.
  • Operating margin 8.7% (TTM), -0.7 pp on a year agoOperating income grew 38.8% while revenue grew 50.3%.
  • Capex 0.8% of revenue (a year ago 0.7%)$217M invested in the last 4 quarters (+80.8% on a year earlier). Free cash flow $1.11B = 65.2% of net income.

Revenue, operating income and growth

quarterly

Segments in Q3 '26

from the filing
SegmentRevenuey/yOp. incomeMargin
Reportable Segment$8.04B+42.4%$714M8.9%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 232 lines Carvana Co. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-17
Revenue est. $7.8B · Updated 102h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.56$29.6B+46%10
FY 20272.14$37.4B+84%11
FY 20282.86$46.3B+128%7
FY 20293.07$52.3B+157%2
FY 20302.82$60.4B+197%4
Q1 20270.47$8.5B+33%4

Company events

6
2027-02-17EarningsActual - / Estimate 0.35-
2026-10-28Earnings · After market closeActual 0.39 / Estimate 0.44Miss
2026-07-29EarningsActual 0.42 / Estimate 0.39Beat
2026-05-08Stock split5:1-
2026-04-29EarningsActual 0.34 / Estimate 0.32Beat
2026-02-18EarningsActual 0.84 / Estimate 0.23Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 03:50 PM UTC

Company profile

Sector
Consumer Cyclical
Industry
Auto - Dealerships
Chief executive
Ernest C. Garcia
Employees
23,100
IPO date
Apr 28, 2017
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei7.14
Piotroski scorei4/9
Overall ratingiB
Owner earningsi$1.01B$1.36 per share
ESG risk ratingiBIndustry rank: 7 out of 26

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
1
Price to earningsi
3
Price to booki
1
Market cap history
$76.96B+3.7%Aug 26 – Oct 26
$63.79B$73.81B$83.83BHigh: $83.83B · 2026-09-08Low: $63.79B · 2026-10-26Latest: $76.96B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $76.96B · 2026-10-30High: $83.83B · 2026-09-08Low: $63.79B · 2026-10-26
Largest fund holders
FundWeightShares held
VTI0.06%21.7M
VOO0.07%18.9M
VO0.42%14.6M
FZAHX1.93%10M
IVV0.08%9.6M
XAW.TO0.04%9.6M
XSP.TO0.07%9.6M
SPY0.07%8.8M
FXAIX0.07%8.6M
VUG0.13%8.4M
VOT1.01%5.4M
NIW1.4%4.5M

Analyst track record

How the analysts covering CVNA have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings182442
Analysts2535
Buy / hold / sell159 / 23 / 0297 / 134 / 11
Upgrades / downgrades / initiations1 / 1 / 616 / 1 / 13
Price targets hit / missed1 / 167 (1%)48 / 355 (12%)
Avg. return after a rating (TipRanks)-25.7%-29.2%
Best / worst call+2.0% / -88.6%+184.6% / -88.6%

After buy calls on this stock: median 21-day move +2.9% vs S&P 500 +1.5% (n = 276)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Brad EricksonRBC Capital67% hit rate on this stock · 12 targets measuredBuytarget $85.00Oct 29, 2026
  2. Mike McGovernBank of America Securities33% hit rate on this stock · 18 targets measuredHoldtarget $72.00Oct 28, 2026
  3. Marvin FongBTIG33% hit rate on this stock · 18 targets measuredBuytarget $82.00Oct 28, 2026

Latest ratings

DateAnalystCallTarget
Oct 30, 2026Andrew BooneCitizens JMPBuyMaintained$85.00
Oct 30, 2026John BabcockBarclaysBuyMaintained$82.00
Oct 29, 2026Andrew PercocoMorgan StanleyBuyMaintained$88.00
Oct 29, 2026Benjamin Black CFADeutsche BankBuyMaintained$85.00
Oct 29, 2026Joseph SpakUBSBuyReiterated$84.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$60.00$80.00$100$120$140$160$180Dec 25 · Buy 22 · Hold 4 · Sell 0Dec 25Jan 26 · Buy 19 · Hold 3 · Sell 0Feb 26 · Buy 18 · Hold 3 · Sell 0Feb 26Mar 26 · Buy 17 · Hold 3 · Sell 0Apr 26 · Buy 17 · Hold 5 · Sell 0Apr 26May 26 · Buy 19 · Hold 4 · Sell 0Jun 26 · Buy 17 · Hold 4 · Sell 0Jun 26Jul 26 · Buy 16 · Hold 5 · Sell 0Aug 26 · Buy 15 · Hold 4 · Sell 0Aug 26Sep 26 · Buy 16 · Hold 4 · Sell 0Oct 26 · Buy 16 · Hold 4 · Sell 0Oct 26Nov 26 · Buy 16 · Hold 4 · Sell 0Dec 25 · avg. target $90.10Jan 26 · avg. target $96.98Feb 26 · avg. target $104Mar 26 · avg. target $125Apr 26 · avg. target $185May 26 · avg. target $177Jun 26 · avg. target $132Jul 26 · avg. target $87.49Aug 26 · avg. target $87.09Sep 26 · avg. target $87.26Oct 26 · avg. target $84.67Nov 26 · avg. target $84.67Dec 25 · month-end close $84.40Jan 26 · month-end close $80.22Feb 26 · month-end close $66.83Mar 26 · month-end close $62.88Apr 26 · month-end close $79.16May 26 · month-end close $73.00Jun 26 · month-end close $65.82Jul 26 · month-end close $62.36Aug 26 · month-end close $73.46Sep 26 · month-end close $62.54Oct 26 · month-end close $68.29Nov 26 · month-end close $68.29

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 182 ratings

Frequently asked questions

Where can I trade CVNA perpetual futures?

Carvana Co. (CVNA) perpetual futures trade on 14 crypto venues, including Ourbit, Bitget, Binance. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade CVNA around the clock?

Yes. Unlike the underlying stock, CVNA perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on CVNA perpetuals?

Right now the CVNA perp funding rate is 0.0% annualized (venue median), ranging from -2.0% to +64.6% across 14 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the CVNA perp price compare to the Carvana Co. stock?

The venue-median CVNA perp mark is $77.6 versus a reference stock price of $77.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a CVNA perpetual future?

A CVNA perpetual is a derivative that tracks the price of Carvana Co. with no expiry date. It lets you take long or short exposure to Carvana Co. on crypto venues, around the clock.

What is CVNAUSDT perpetual?

CVNAUSDT is the symbol most crypto exchanges use for the Carvana Co. perpetual settled in USDT (Tether). It tracks the CVNA share price through an index, trades 24/7 with leverage and never expires.

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