How many subsidiaries does CARVANA CO. file with the SEC?

5, listed in its most recent exhibit 21. They are incorporated across 2 jurisdictions (Delaware, Arizona). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is CARVANA CO. financially healthy?

CARVANA CO. scores 5 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of CARVANA CO.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are PRICE T ROWE ASSOCIATES INC /MD/ (adding), BlackRock, Inc. (adding), FMR LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

CARVANA CO. (CVNA)

NYSE · Common Stock · Retail-Auto Dealers & Gasoline Stations

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

5 entities across 2 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-18 — see the exhibit.

Which other public companies file entities in the same places:

Delaware4 Arizona1

Subsidiaries of CARVANA CO. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Carvana Co. Sub LLC	Delaware
Carvana Group, LLC	Delaware
Carvana Operations HC LLC	Delaware
Carvana, LLC	Arizona
ADESA US Auction, LLC	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

PASSReturn on assets positiveROA 10.7%
PASSOperating cash flow positiveOCF 1.0B
PASSReturn on assets improving2.5% → 10.7%
FAILCash flow exceeds earningsOCF 1.0B vs NI 1.4B
PASSLong-term debt ratio falling62.0% → 36.6% of assets
PASSCurrent ratio improving3.64 → 4.31
FAILNo share dilution132M → 224M shares
FAILGross margin improving21.0% → 20.6%
FAILAsset turnover improving1.61× → 1.54×

Altman Z-score

7.14safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$5.6B	−$171.1M	−$968.2M	14.2%	64,981,000
FY2021	$12.8B	−$135.0M	−$3.2B	15.1%	82,805,000
FY2022	$13.6B	−$1.6B	−$1.8B	9.2%	100,828,000
FY2023	$10.8B	$450.0M	$716.0M	16.0%	200,578,000
FY2024	$13.7B	$210.0M	$827.0M	21.0%	132,206,000

Ownership flow

18 institutions tracked — 16 added, 1 reduced, 1 opened a new position.

Institutional holders of CARVANA CO. and their share-count change
Manager	Kind	Shares	Change	Value
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	84,695,539	+66,913,832	$5.6B
BlackRock, Inc.	Index	48,494,910	+36,962,753	$3.2B
FMR LLC	Active fund	33,604,708	+26,157,893	$2.2B
STATE STREET CORP	Index	29,435,364	+23,742,422	$1.9B

Identity

CIK: 0001690820
LEI: 5493003WEAK2PJ5WS063
FIGI: BBG00GCTWDJ3
SIC: 5500 · Retail-Auto Dealers & Gasoline Stations
Incorporated: DE
Headquarters: TEMPE, AZ

Ownership

Institutional: 105.3%
Institutions: 1,159
Insiders: 2.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Questions about CARVANA CO.

How many subsidiaries does CARVANA CO. file with the SEC?: 5, listed in its most recent exhibit 21. They are incorporated across 2 jurisdictions (Delaware, Arizona). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is CARVANA CO. financially healthy?: CARVANA CO. scores 5 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of CARVANA CO.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are PRICE T ROWE ASSOCIATES INC /MD/ (adding), BlackRock, Inc. (adding), FMR LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.