• Carvana average operating margin for 2023 was -10.8%, a 24.71% decline from 2022.
• Carvana average operating margin for 2022 was -8.66%, a 441.25% increase from 2021.
• Carvana average operating margin for 2021 was -1.6%, a 78.64% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.