• Carvana average ebitda margin for 2023 was -2.26%, a 59.86% decline from 2022.
• Carvana average ebitda margin for 2022 was -5.63%, a 942.59% decline from 2021.
• Carvana average ebitda margin for 2021 was -0.54%, a 91.07% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.