Carvana (CVNA) Operating Leases (2019 - 2026)
Carvana's Operating Leases was $385 million in Q2 2026, down 4.2% from $402 million a year earlier and down 1.8% from the prior quarter.
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Analysis
Carvana (CVNA) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Carvana came in at $406 million, down 1.9% from FY2024.
- Operating Leases has now declined for three consecutive years, though with a five-year compound annual growth rate of 22.4% (FY2020 to FY2025).
- In earlier years, Operating Leases was $414 million in FY2024 (-4.4%), $433 million in FY2023 (-14.6%), $507 million in FY2022 (+40.4%) and $361 million in FY2021 (+143.9%).
- The Q2 2026 figure marks the lowest quarterly Operating Leases since Q4 2021.
- Compared with a year earlier, Operating Leases has declined for 13 straight quarters, with an average decline of 4.8% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q2 2022 (growth of 326.7%); the worst was Q3 2023 (a decline of 32.7%).
- Per Business Quant data, CVNA's Operating Leases in the three quarters before Q2 2026 was $392 million (Q1 2026), $406 million (Q4 2025) and $402 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,829.78 Bn | 2,346.48 Bn | 104.83 Bn |
| 2 | Home Depot | 290.18 Bn | 283.42 Bn | 16.12 Bn |
| 3 | Tjx Companies | 152.80 Bn | 130.34 Bn | 5.07 Bn |
| 4 | Lowes Companies | 104.32 Bn | 97.29 Bn | 8.58 Bn |
| 5 | Ross Stores | 71.10 Bn | 54.02 Bn | 2.12 Bn |
| 6 | O Reilly Automotive | 70.56 Bn | 69.64 Bn | 2.52 Bn |
| 7 | Carvana | 70.07 Bn | 61.67 Bn | 1.38 Bn |
| 8 | Target | 69.82 Bn | 64.41 Bn | 8.94 Bn |
| 9 | Autozone | 48.00 Bn | 46.90 Bn | 2.52 Bn |
| 10 | JD.com | 32.86 Bn | -77.35 Bn | 8.71 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 385.00 Mn |
| Mar 31, 2026 | 392.00 Mn |
| Dec 31, 2025 | 406.00 Mn |
| Sep 30, 2025 | 402.00 Mn |
| Jun 30, 2025 | 402.00 Mn |
| Mar 31, 2025 | 402.00 Mn |
| Dec 31, 2024 | 414.00 Mn |
| Sep 30, 2024 | 429.00 Mn |
| Jun 30, 2024 | 444.00 Mn |
| Mar 31, 2024 | 424.00 Mn |
| Dec 31, 2023 | 433.00 Mn |
| Sep 30, 2023 | 450.00 Mn |
| Jun 30, 2023 | 466.00 Mn |
| Mar 31, 2023 | 493.00 Mn |
| Dec 31, 2022 | 507.00 Mn |
| Sep 30, 2022 | 669.00 Mn |
| Jun 30, 2022 | 640.00 Mn |
| Mar 31, 2022 | 474.00 Mn |
| Dec 31, 2021 | 361.00 Mn |
| Sep 30, 2021 | 256.00 Mn |
API Access
Carvana Operating Leases 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=operating-leases&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();