Carvana (CVNA) Operating Leases (2019 - 2026)

Carvana (CVNA) posted quarterly Operating Leases of $467.0 million for Q1 2026, down 1.06% year-over-year from $472.0 million in Q1 2025, and up 15.02% on a QoQ basis from $406.0 million in Q4 2025.

Carvana (CVNA) Operating Leases (2019 - 2026) Analysis & Trends

Carvana (CVNA) has reported Operating Leases for 8 consecutive years, with $467.0 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Leases fell 1.06% year-over-year to $467.0 million; the TTM figure through Mar 2026 stood at $467.0 million (down 1.06% YoY), while the FY2025 annual figure was $406.0 million, down 1.93% from the prior year.
  • Operating Leases came in at $467.0 million for Q1 2026 at Carvana, up from $406.0 million in the prior quarter.
  • The five-year high for Operating Leases was $730.0 million in Q3 2022, with the low at $402.0 million in Q2 2025.
  • Average Operating Leases over 5 years is $489.2 million, with a median of $467.0 million recorded in 2026.
  • Across the five-year window, Operating Leases soared 362.0% in 2022 and tumbled 30.14% in 2023, its largest moves.
  • Year by year, Operating Leases stood at $507.0 million in 2022, then fell by 14.6% to $433.0 million in 2023, then declined by 4.39% to $414.0 million in 2024, then retreated by 1.93% to $406.0 million in 2025, then rose by 15.02% to $467.0 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods registered $467.0 million, $406.0 million, and $402.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 467.00 Mn
Dec 31, 2025 406.00 Mn
Sep 30, 2025 402.00 Mn
Jun 30, 2025 402.00 Mn
Mar 31, 2025 472.00 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 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
Jun 30, 2021 150.00 Mn