Carvana (CVNA) Debt to Equity (2016 - 2026)
Carvana (CVNA) posted quarterly Debt to Equity of $1.06 for Q1 2026, down 64.65% year-over-year from $3.01 in Q1 2025, and down 25.15% on a QoQ basis from $1.42 in Q4 2025.
Carvana (CVNA) Debt to Equity (2016 - 2026) Analysis & Trends
Carvana (CVNA) has reported Debt to Equity for 11 consecutive years, with $1.06 the latest figure, recorded in Q1 2026.
- In Q1 2026, Debt to Equity fell 64.65% year-over-year to $1.06; the TTM figure through Mar 2026 stood at $1.06 (down 64.65% YoY), while the FY2025 annual figure was $1.42, down 63.31% from the prior year.
- Debt to Equity came in at $1.06 for Q1 2026 at Carvana, down from $1.42 in the prior quarter.
- The five-year high for Debt to Equity was $116.77 in Q1 2022, with the low at -$28.39 in Q3 2023.
- Average Debt to Equity over 5 years is $8.42, with a median of $1.65 recorded in 2025.
- Across the five-year window, Debt to Equity soared 3443.38% in 2022 and plunged 247.63% in 2023, its largest moves.
- Year by year, Debt to Equity stood at -$7.7 in 2022, then tumbled by 105.77% to -$15.84 in 2023, then surged by 124.43% to $3.87 in 2024, then sank by 63.31% to $1.42 in 2025, then decreased by 25.15% to $1.06 in 2026.
- According to Business Quant data, Debt to Equity over the past three periods registered $1.06, $1.42, and $1.65 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 128.90 Bn | 128.96 Bn | - | - |
| 2 | Carvana | 48.46 Bn | 46.86 Bn | 1.27 Bn | 1.06 |
| 3 | Penske Automotive | 11.65 Bn | 11.59 Bn | 1.30 Bn | 0.47 |
| 4 | Carmax | 7.34 Bn | 7.21 Bn | 854.41 Mn | 2.63 |
| 5 | Lithia Motors | 6.80 Bn | 6.82 Bn | 1.42 Bn | 1.02 |
| 6 | Autonation | 6.40 Bn | 6.33 Bn | 1.21 Bn | 0.98 |
| 7 | Rush Enterprises Inc \Tx\ | 5.57 Bn | 5.35 Bn | 343.80 Mn | 0.12 |
| 8 | Valvoline | 4.88 Bn | 4.79 Bn | 187.00 Mn | 4.69 |
| 9 | Asbury Automotive | 3.76 Bn | 3.73 Bn | 726.90 Mn | 0.90 |
| 10 | Group 1 Automotive | 3.41 Bn | 3.37 Bn | 877.90 Mn | 1.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.06 |
| Dec 31, 2025 | 1.42 |
| Sep 30, 2025 | 1.65 |
| Jun 30, 2025 | 2.55 |
| Mar 31, 2025 | 3.01 |
| Dec 31, 2024 | 3.87 |
| Sep 30, 2024 | 19.26 |
| Jun 30, 2024 | 47.83 |
| Mar 31, 2024 | -18.71 |
| Dec 31, 2023 | -15.84 |
| Sep 30, 2023 | -28.39 |
| Jun 30, 2023 | -5.48 |
| Mar 31, 2023 | -6.25 |
| Dec 31, 2022 | -7.70 |
| Sep 30, 2022 | 19.23 |
| Jun 30, 2022 | 8.94 |
| Mar 31, 2022 | 116.77 |
| Dec 31, 2021 | 10.02 |
| Sep 30, 2021 | 5.07 |
| Jun 30, 2021 | 3.91 |