Carvana Co. drawdown: 34.6% below the all-time high
Carvana Co. is 34.6% below its all-time high, set Jan 22, 2026 (as of market close, Sep 30, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −34.6%
- 65.4% of ATH
- All-time high
- $95.69
- Jan 22, 2026
- Time below the high
- 8 mo
- since Jan 22, 2026
- Worst-ever drawdown
- −99.0%
- Dec 27, 2022
- Longest underwater
- 4.0 yrs
- between all-time highs
- Today's level first reached
- Mar 2, 2021
- 5.6 yrs ago
- Last time this deep
- Apr 28, 2025
- in a previous episode
% of all-time high since 2017#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Aug 10, 2021 | Dec 27, 2022 | −99.0% | 17 mo | Jul 31, 2025 | 4.0 yrs |
| Feb 21, 2020 | Mar 20, 2020 | −73.3% | 28 days | Jun 5, 2020 | 3 mo |
| Sep 11, 2018 | Dec 21, 2018 | −57.9% | 3 mo | Apr 30, 2019 | 8 mo |
| Jun 26, 2017 | Oct 30, 2017 | −46.6% | 4 mo | Apr 9, 2018 | 9 mo |
| Jan 22, 2026 | Mar 20, 2026 | −41.2% | 57 days | not yet | 8 mo+ |
| Mar 2, 2021 | May 13, 2021 | −28.9% | 2 mo | Jul 6, 2021 | 4 mo |
| Sep 1, 2020 | Sep 18, 2020 | −27.5% | 17 days | Oct 1, 2020 | 30 days |
| Oct 1, 2025 | Nov 6, 2025 | −26.6% | 36 days | Dec 4, 2025 | 2 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2017: how far Carvana Co. stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Carvana Co. from its all-time high?
- Carvana Co. is currently 34.6% below its all-time high, set Jan 22, 2026 (as of market close, Sep 30, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Carvana Co. drawdown ever?
- The deepest decline on record in our data (since 2017) took Carvana Co. 99.0% below its prior high, bottoming Dec 27, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from CVNA; no free deep history exists for Carvana Co. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.