• Carvana average pre-tax profit margin for 2023 was -12.2%, a 6.74% decline from 2022.
• Carvana average pre-tax profit margin for 2022 was -11.43%, a 272.31% increase from 2021.
• Carvana average pre-tax profit margin for 2021 was -3.07%, a 68.99% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.