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
DateValue
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