Carvana (CVNA) Invested Capital (2016 - 2026)

Carvana (CVNA) posted quarterly Invested Capital of $4.7 billion for Q1 2026, up 119.36% year-over-year from $2.1 billion in Q1 2025, and down 36.42% on a QoQ basis from $7.4 billion in Q4 2025.

Carvana (CVNA) Invested Capital (2016 - 2026) Analysis & Trends

Carvana (CVNA) has reported Invested Capital for 11 consecutive years, with $4.7 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Invested Capital rose 119.36% year-over-year to $4.7 billion; the TTM figure through Mar 2026 stood at $4.7 billion (up 119.36% YoY), while the FY2025 annual figure was $7.4 billion, up 28.65% from the prior year.
  • Invested Capital came in at $4.7 billion for Q1 2026 at Carvana, down from $7.4 billion in the prior quarter.
  • The five-year high for Invested Capital was $7.4 billion in Q4 2025, with the low at -$1.1 billion in Q1 2023.
  • Average Invested Capital over 5 years is $1.8 billion, with a median of $669.0 million recorded in 2022.
  • Across the five-year window, Invested Capital tumbled 433.54% in 2023 and surged 26762.5% in 2025, its largest moves.
  • Year by year, Invested Capital stood at -$788.0 million in 2022, then soared by 88.07% to -$94.0 million in 2023, then jumped by 6185.11% to $5.7 billion in 2024, then rose by 28.65% to $7.4 billion in 2025, then slumped by 36.42% to $4.7 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $4.7 billion, $7.4 billion, and $3.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Uxin 128.90 Bn 128.96 Bn - 45.45 Mn
2 Carvana 48.46 Bn 46.86 Bn 1.27 Bn 4.68 Bn
3 Penske Automotive 11.65 Bn 11.59 Bn 1.30 Bn 8.30 Bn
4 Carmax 7.34 Bn 7.21 Bn 854.41 Mn 23.68 Bn
5 Lithia Motors 6.80 Bn 6.82 Bn 1.42 Bn 6.45 Bn
6 Autonation 6.40 Bn 6.33 Bn 1.21 Bn 3.42 Bn
7 Rush Enterprises Inc \Tx\ 5.57 Bn 5.35 Bn 343.80 Mn 2.29 Bn
8 Valvoline 4.88 Bn 4.79 Bn 187.00 Mn 384.30 Mn
9 Asbury Automotive 3.76 Bn 3.73 Bn 726.90 Mn 3.96 Bn
10 Group 1 Automotive 3.41 Bn 3.37 Bn 877.90 Mn 3.03 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.68 Bn
Dec 31, 2025 7.36 Bn
Sep 30, 2025 3.32 Bn
Jun 30, 2025 2.47 Bn
Mar 31, 2025 2.13 Bn
Dec 31, 2024 5.72 Bn
Sep 30, 2024 490.00 Mn
Jun 30, 2024 319.00 Mn
Mar 31, 2024 -8.00 Mn
Dec 31, 2023 -94.00 Mn
Sep 30, 2023 2.00 Mn
Jun 30, 2023 4.25 Bn
Mar 31, 2023 -1.06 Bn
Dec 31, 2022 -788.00 Mn
Sep 30, 2022 669.00 Mn
Jun 30, 2022 1.18 Bn
Mar 31, 2022 319.00 Mn
Dec 31, 2021 969.00 Mn
Sep 30, 2021 3.11 Bn
Jun 30, 2021 911.00 Mn