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The latest data point for CVNA's EV/Sales ratio in Q1'26 stands at 10.63, reflecting a notable decline from the peak of 18.15 observed in Q4'24, yet remaining elevated compared to earlier periods in the dataset. Over the period from Q2'23 to Q1'26, the EV/Sales ratio exhibits a volatile upward trend overall, starting at 6.15 in Q2'23 and climbing steadily to a high of 18.15 in Q4'24, driven by significant increases in Q3'24 (13.20) and Q4'24, before moderating with fluctuations between 14.09 and 15.70 in 2025 and dropping to 10.63 in Q1'26. This pattern suggests growing market valuation relative to sales through mid-2024, followed by a correction phase, highlighting potential shifts in investor sentiment or operational scaling for the company.