Carvana (CVNA) Invested Capital (2016 - 2026)
Carvana (CVNA) posted Invested Capital of $10.88 billion for Q3 2026, up 33.4% from $8.15 billion a year earlier and up 4.9% from the prior quarter.
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Analysis
Carvana (CVNA) Invested Capital (2016 - 2026) Analysis & Trends
For FY2025, Carvana's Invested Capital came in at $9.32 billion, up 33.0% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 29.9% (FY2020 to FY2025).
- In prior years, Carvana's Invested Capital was $7.01 billion in FY2024 (+19.0%), $5.89 billion in FY2023 (-18.8%), $7.26 billion in FY2022 (+22.2%) and $5.94 billion in FY2021 (+135.3%).
- The Q3 2026 figure stands as the highest quarterly Invested Capital in data going back to Q4 2016.
- On a year-over-year basis, Invested Capital has increased in each of the last nine quarters, with growth averaging 31.3% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2021, with growth of 135.3%; the weakest was Q3 2023, with a decline of 26.3%.
- According to Business Quant data, Invested Capital for the three prior quarters was $10.37 billion (Q2 2026), $9.79 billion (Q1 2026) and $9.32 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,803.87 Bn | 2,300.54 Bn | 107.37 Bn | 786.73 Bn |
| 2 | Home Depot | 341.42 Bn | 334.67 Bn | 16.12 Bn | 69.51 Bn |
| 3 | Tjx Companies | 149.33 Bn | 126.87 Bn | 5.07 Bn | 13.52 Bn |
| 4 | Lowes Companies | 125.87 Bn | 118.84 Bn | 8.58 Bn | 30.12 Bn |
| 5 | O Reilly Automotive | 74.24 Bn | 73.33 Bn | 2.52 Bn | 5.18 Bn |
| 6 | Ross Stores | 73.45 Bn | 56.37 Bn | 2.12 Bn | 7.76 Bn |
| 7 | Target | 71.89 Bn | 66.48 Bn | 8.94 Bn | 33.20 Bn |
| 8 | Carvana | 53.03 Bn | 42.62 Bn | 1.52 Bn | 10.88 Bn |
| 9 | Autozone | 52.99 Bn | 51.84 Bn | 3.52 Bn | 6.62 Bn |
| 10 | JD.com | 41.49 Bn | -78.71 Bn | 8.74 Bn | 44.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.88 Bn |
| Jun 30, 2026 | 10.37 Bn |
| Mar 31, 2026 | 9.79 Bn |
| Dec 31, 2025 | 9.32 Bn |
| Sep 30, 2025 | 8.15 Bn |
| Jun 30, 2025 | 7.82 Bn |
| Mar 31, 2025 | 7.41 Bn |
| Dec 31, 2024 | 7.01 Bn |
| Sep 30, 2024 | 6.00 Bn |
| Jun 30, 2024 | 5.82 Bn |
| Mar 31, 2024 | 5.70 Bn |
| Dec 31, 2023 | 5.89 Bn |
| Sep 30, 2023 | 5.73 Bn |
| Jun 30, 2023 | 6.50 Bn |
| Mar 31, 2023 | 7.14 Bn |
| Dec 31, 2022 | 7.26 Bn |
| Sep 30, 2022 | 7.78 Bn |
| Jun 30, 2022 | 8.80 Bn |
| Mar 31, 2022 | 6.30 Bn |
| Dec 31, 2021 | 5.94 Bn |
API Access
Carvana Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "CVNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();