Carvana (CVNA) Operating Leases (2019 - 2026)
Carvana (CVNA) posted Operating Leases of $461.0 million for Q2 2026, down 1.28% on a QoQ basis from $467.0 million in Q1 2026, and down 2.54% year-over-year from $473.0 million in Q2 2025.
Analysis
Carvana (CVNA) Operating Leases (2019 - 2026) Analysis & Trends
Carvana has reported Operating Leases for 8 years, with the latest figure at $461.0 million in Q2 2026.
- On a quarterly basis, Operating Leases fell 2.54% year-over-year to $461.0 million in Q2 2026; TTM through Jun 2026 was $461.0 million, a 2.54% decrease from a year earlier, with the FY2025 full-year figure at $406.0 million, down 1.93% from the prior year.
- Operating Leases was $461.0 million for Q2 2026 at Carvana, down from $467.0 million in the prior quarter.
- The five-year high for Operating Leases was $730.0 million in Q3 2022, with the low at $406.0 million in Q4 2025.
- Average Operating Leases over 5 years is $506.4 million, with a median of $490.5 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Leases jumped 298.28% in 2022, then sank 30.14% in 2023.
- Over 5 years, Operating Leases stood at $507.0 million in 2022, then dropped by 14.6% to $433.0 million in 2023, then slipped by 4.39% to $414.0 million in 2024, then declined by 1.93% to $406.0 million in 2025, then advanced by 13.55% to $461.0 million in 2026.
- The last three Operating Leases figures came in at $461.0 million (Q2 2026), $467.0 million (Q1 2026), and $406.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Carvana | 71.60 Bn | 69.97 Bn | 1.38 Bn |
| 2 | Penske Automotive | 13.96 Bn | 13.91 Bn | 1.36 Bn |
| 3 | Carmax | 8.11 Bn | 7.52 Bn | 854.41 Mn |
| 4 | Lithia Motors | 6.96 Bn | 6.62 Bn | 1.50 Bn |
| 5 | Autonation | 5.57 Bn | 5.51 Bn | 1.23 Bn |
| 6 | Sonic Automotive | 5.24 Bn | 5.22 Bn | 616.20 Mn |
| 7 | Uxin | 5.15 Bn | 5.21 Bn | 10.88 Mn |
| 8 | Asbury Automotive | 3.29 Bn | 3.25 Bn | 753.10 Mn |
| 9 | Group 1 Automotive | 2.94 Bn | 2.77 Bn | 860.60 Mn |
| 10 | Marinemax | 1.16 Bn | 996.41 Mn | 218.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 461.00 Mn |
| Mar 31, 2026 | 467.00 Mn |
| Dec 31, 2025 | 406.00 Mn |
| Sep 30, 2025 | 475.00 Mn |
| Jun 30, 2025 | 473.00 Mn |
| Mar 31, 2025 | 472.00 Mn |
| Dec 31, 2024 | 414.00 Mn |
| Sep 30, 2024 | 493.00 Mn |
| Jun 30, 2024 | 510.00 Mn |
| Mar 31, 2024 | 488.00 Mn |
| Dec 31, 2023 | 433.00 Mn |
| Sep 30, 2023 | 510.00 Mn |
| Jun 30, 2023 | 526.00 Mn |
| Mar 31, 2023 | 553.00 Mn |
| Dec 31, 2022 | 507.00 Mn |
| Sep 30, 2022 | 730.00 Mn |
| Jun 30, 2022 | 693.00 Mn |
| Mar 31, 2022 | 504.00 Mn |
| Dec 31, 2021 | 361.00 Mn |
| Sep 30, 2021 | 288.00 Mn |