Carvana (CVNA) Equity Ratio (2016 - 2026)

Carvana (CVNA) recorded quarterly Equity Ratio of 0.34 in Q1 2026, up 29.04% quarter-over-quarter from 0.26 in Q4 2025, and up 68.43% on a YoY basis from 0.2 in Q1 2025.

Carvana (CVNA) Equity Ratio (2016 - 2026) Analysis & Trends

Carvana's Equity Ratio history runs 11 years deep, the most recent figure standing at 0.34 for Q1 2026.

  • In Q1 2026, Equity Ratio rose 68.43% year-over-year to 0.34; the TTM figure through Mar 2026 stood at 0.34 (up 68.43% YoY), while the FY2025 annual figure was 0.26, up 60.83% from the prior year.
  • Equity Ratio was 0.34 for Q1 2026 at Carvana, up from 0.26 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.34 in Q1 2026 to a low of 0.18 in Q2 2023.
  • Historically, Equity Ratio has averaged 0.06 across 5 years, with a median of 0.04 in 2024.
  • The sharpest annual moves came in 2023 and 2025: Equity Ratio slumped 2330.33% in 2023, then jumped 1309.25% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.12 in 2022, then surged by 55.14% to 0.05 in 2023, then jumped by 398.44% to 0.16 in 2024, then jumped by 60.83% to 0.26 in 2025, then grew by 29.04% to 0.34 in 2026.
  • The last three Equity Ratio figures came in at 0.34 (Q1 2026), 0.26 (Q4 2025), and 0.3 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Uxin 18.05 Bn 18.09 Bn 11.57 Mn -0.10
2 Carvana 9.49 Bn 7.89 Bn 1.27 Bn 0.34
3 Carmax 6.94 Bn 6.35 Bn 605.26 Mn 0.22
4 Lithia Motors 6.76 Bn 6.78 Bn 1.42 Bn 0.25
5 Autonation 6.51 Bn 6.45 Bn 1.21 Bn 0.15
6 Rush Enterprises Inc \Tx\ 5.19 Bn 4.97 Bn 343.80 Mn 0.51
7 Valvoline 4.57 Bn 4.48 Bn 187.00 Mn 0.10
8 Openlane 3.88 Bn 3.84 Bn 256.20 Mn 0.26
9 Group 1 Automotive 3.69 Bn 3.65 Bn 877.90 Mn 0.28
10 Asbury Automotive 3.63 Bn 3.60 Bn 726.90 Mn 0.35

Historic Data

Download Data
DateValue
Mar 31, 2026 0.34
Dec 31, 2025 0.26
Sep 30, 2025 0.30
Jun 30, 2025 0.23
Mar 31, 2025 0.20
Dec 31, 2024 0.16
Sep 30, 2024 0.04
Jun 30, 2024 0.02
Mar 31, 2024 -0.04
Dec 31, 2023 -0.05
Sep 30, 2023 -0.03
Jun 30, 2023 -0.18
Mar 31, 2023 -0.15
Dec 31, 2022 -0.12
Sep 30, 2022 0.04
Jun 30, 2022 0.08
Mar 31, 2022 0.01
Dec 31, 2021 0.07
Sep 30, 2021 0.13
Jun 30, 2021 0.17