CVNA vs. PANW
CVNA (Carvana Co.) and PANW (Palo Alto Networks, Inc.) are both stocks. CVNA operates in Internet Retail (Consumer Cyclical), while PANW operates in Software - Infrastructure (Technology). Over the past 5 years, CVNA returned -1.58%/yr vs 37.91%/yr for PANW. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
CVNA vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, CVNA achieves a -26.12% return, which is significantly lower than PANW's 80.15% return.
CVNA
- 1D
- 1.50%
- 1M
- -9.10%
- 6M
- -22.27%
- YTD
- -26.12%
- 1Y
- -15.22%
- 3Y*
- 85.17%
- 5Y*
- -1.58%
- 10Y*
- —
- ALL TIME*
- 40.38%
PANW
- 1D
- 1.89%
- 1M
- -4.66%
- 6M
- 87.51%
- YTD
- 80.15%
- 1Y
- 91.94%
- 3Y*
- 37.88%
- 5Y*
- 37.91%
- 10Y*
- 31.54%
- ALL TIME*
- 29.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CVNA Carvana Co. | $811.17M | $686.87M | $733.32M |
| $1.96B | $2.24B | $2.30B |
CVNA vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVNA Carvana Co. | -26.12% | 107.52% | 284.13% | 1,016.88% | -97.96% | -3.24% | 160.23% | 181.41% | 71.08% | 41.63% |
PANW Palo Alto Networks, Inc. | 80.15% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 31.82% |
Correlation
The correlation between CVNA and PANW is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.34 |
The correlation between CVNA and PANW shifts across timeframes, from 0.18 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CVNA:
$68.40B
PANW:
$270.44B
CVNA:
$2.06
PANW:
$1.17
CVNA:
30.22
PANW:
284.27
CVNA:
0.14
PANW:
0.02
CVNA:
2.08
PANW:
22.59
CVNA:
11.46
PANW:
8.92
CVNA:
$25.06B
PANW:
$10.61B
CVNA:
$4.85B
PANW:
$7.63B
CVNA:
$73.00M
PANW:
$1.33B
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Return for Risk
CVNA vs. PANW — Risk / Return Rank
CVNA
PANW
CVNA vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carvana Co. (CVNA) and Palo Alto Networks, Inc. (PANW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVNA | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.36 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.55 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.93 | 5.95 | -6.87 |
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Drawdowns
CVNA vs. PANW - Drawdown Comparison
The maximum CVNA drawdown since its inception was -98.99%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for CVNA and PANW.
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Drawdown Indicators
| CVNA | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.99% | -47.98% | -51.01% |
Max Drawdown (1Y)Largest decline over 1 year | -41.21% | -36.01% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -36.01% | -17.46% |
Max Drawdown (5Y)Largest decline over 5 years | -98.99% | -36.01% | -62.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.98% | — |
Current DrawdownCurrent decline from peak | -34.83% | -7.49% | -27.34% |
Average DrawdownAverage peak-to-trough decline | -38.14% | -14.59% | -23.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.87% | 15.38% | +6.49% |
Volatility
CVNA vs. PANW - Volatility Comparison
Carvana Co. (CVNA) has a higher volatility of 17.37% compared to Palo Alto Networks, Inc. (PANW) at 14.66%. This indicates that CVNA's price experiences larger fluctuations and is considered to be riskier than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVNA | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.37% | 14.66% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 43.18% | 35.66% | +7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.70% | 41.04% | +21.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.63% | 42.40% | +69.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.93% | 38.91% | +60.02% |
Dividends
CVNA vs. PANW - Dividend Comparison
Neither CVNA nor PANW has paid dividends to shareholders.
Financials
CVNA vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between Carvana Co. and Palo Alto Networks, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CVNA vs. PANW - Profitability Comparison
CVNA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Carvana Co. reported a gross profit of 1.38B and revenue of 7.38B. Therefore, the gross margin over that period was 18.8%.
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Palo Alto Networks, Inc. reported a gross profit of 2.03B and revenue of 3.00B. Therefore, the gross margin over that period was 67.6%.
CVNA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Carvana Co. reported an operating income of 680.00M and revenue of 7.38B, resulting in an operating margin of 9.2%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Palo Alto Networks, Inc. reported an operating income of -186.00M and revenue of 3.00B, resulting in an operating margin of -6.2%.
CVNA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Carvana Co. reported a net income of 310.00M and revenue of 7.38B, resulting in a net margin of 4.2%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Palo Alto Networks, Inc. reported a net income of -177.00M and revenue of 3.00B, resulting in a net margin of -5.9%.
Frequently Asked Questions
CVNA and PANW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVNA has higher volatility (17.37%) compared to PANW (14.66%). In terms of maximum drawdown, CVNA dropped -98.99% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (2.25 vs -0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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