• Carvana average ebit margin for 2023 was -10.69%, a 23.87% decline from 2022.
• Carvana average ebit margin for 2022 was -8.63%, a 439.38% increase from 2021.
• Carvana average ebit margin for 2021 was -1.6%, a 78.64% increase from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues