• Carvana average return on tangible equity for 2015-12-31 was 0, a 0% decline from 2016-03-31.
• Carvana average return on tangible equity for 2016-03-31 was 0, a 0% decline from 2016-06-30.
• Carvana average return on tangible equity for 2016-06-30 was 0, a 0% decline from 2016-09-30.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.