Carvana (CVNA) Debt Ratio (2016 - 2026)
Carvana (CVNA) posted quarterly Debt Ratio of 0.34 for Q2 2026, down 40.59% year-over-year from 0.58 in Q2 2025, and down 4.31% quarter-over-quarter from 0.36 in Q1 2026.
Carvana (CVNA) Debt Ratio (2016 - 2026) Analysis & Trends
Carvana's Debt Ratio history runs 11 years deep, the most recent figure standing at 0.34 for Q2 2026.
- In Q2 2026, Debt Ratio fell 40.59% year-over-year to 0.34; the TTM figure through Jun 2026 stood at 0.34 (down 40.59% YoY), while the FY2025 annual figure was 0.37, down 40.98% from the prior year.
- Debt Ratio for Q2 2026 stood at 0.34, down from 0.36 in the prior quarter.
- The five-year high for Debt Ratio was 0.98 in Q2 2023, with the low at 0.34 in Q2 2026.
- The 5-year median for Debt Ratio is 0.75 (2022), against an average of 0.7.
- The sharpest annual moves came in 2023 and 2025: Debt Ratio soared 33.45% in 2023, then plunged 40.98% in 2025.
- Carvana's Debt Ratio stood at 0.93 in 2022, then fell by 7.7% to 0.86 in 2023, then slipped by 27.08% to 0.63 in 2024, then slumped by 40.98% to 0.37 in 2025, then decreased by 7.58% to 0.34 in 2026.
- Business Quant data shows CVNA's Debt Ratio at 0.34 in Q2 2026, 0.36 in Q1 2026, and 0.37 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 79.07 Bn | 79.06 Bn | - | - |
| 2 | Carvana | 51.70 Bn | 48.95 Bn | 1.38 Bn | 0.34 |
| 3 | Penske Automotive | 14.30 Bn | 14.23 Bn | 1.36 Bn | 0.16 |
| 4 | Lithia Motors | 8.60 Bn | 8.23 Bn | 1.50 Bn | 0.26 |
| 5 | Carmax | 8.33 Bn | 7.73 Bn | 854.41 Mn | 0.68 |
| 6 | Autonation | 7.00 Bn | 6.95 Bn | 1.23 Bn | 0.25 |
| 7 | Rush Enterprises Inc \Tx\ | 6.32 Bn | 6.06 Bn | 361.67 Mn | 26.04 |
| 8 | Autozi Internet Technology (Global) | 6.28 Bn | 6.10 Bn | - | 0.02 |
| 9 | Valvoline | 4.26 Bn | 4.17 Bn | 214.90 Mn | 0.47 |
| 10 | Openlane | 4.24 Bn | 4.05 Bn | 248.20 Mn | 0.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.34 |
| Mar 31, 2026 | 0.36 |
| Dec 31, 2025 | 0.37 |
| Sep 30, 2025 | 0.50 |
| Jun 30, 2025 | 0.58 |
| Mar 31, 2025 | 0.60 |
| Dec 31, 2024 | 0.63 |
| Sep 30, 2024 | 0.75 |
| Jun 30, 2024 | 0.77 |
| Mar 31, 2024 | 0.83 |
| Dec 31, 2023 | 0.86 |
| Sep 30, 2023 | 0.82 |
| Jun 30, 2023 | 0.98 |
| Mar 31, 2023 | 0.95 |
| Dec 31, 2022 | 0.93 |
| Sep 30, 2022 | 0.75 |
| Jun 30, 2022 | 0.74 |
| Mar 31, 2022 | 0.80 |
| Dec 31, 2021 | 0.75 |
| Sep 30, 2021 | 0.67 |