Pricing Log in Create free account
Saturday 17 October 2026 Export CVNA’s income statement to Excel — free account

Carvana Co.

CVNA Consumer Cyclical Auto & Truck Dealerships

Carvana Co.’s revenue for fiscal 2025 (year ended December 2025) was $20.3 billion, up 48.6% from fiscal 2024. In the quarter to June 2026, revenue grew 52.4%, EPS grew 59.3%, free cash flow grew 9,550.0% and total debt fell 8.25%, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

58.55 2.07 −3.41%
Market cap
$66.7B
P/E
26.5×
Fwd P/E
42.4×
Dividend yield
—
F-score
6/9
Altman Z
6.34
Beneish M
−0.99
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Carvana Co. (CVNA) Debt to equity

Alert me on Debt to equity

Carvana Co.'s debt to equity at the end of the quarter to 30 June 2026 was 1.0×, down 0.2× from fiscal 2025 (1.2×). Over the past ten years it has ranged from −16.3× (fiscal 2023) to 10.3× (fiscal 2021); the current reading is higher than 55% of that period. That is above the Auto & Truck Dealerships industry median of 0.6× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 1.2× (70.29%)
FY2024 4.1× —
FY2023 −16.3× —
FY2022 −7.9× —
FY2021 10.3× 380.21%
FY2020 2.1× (72.54%)
FY2019 7.8× 180.70%
FY2018 2.8× 157.49%
FY2017 1.1× —
FY2016 −1.5× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.0× (8.41%)
Mar 2026 1.1× (8.57%)
Dec 2025 1.2× (30.97%)
Sep 2025 1.8× (34.60%)
39 more quarters

Against its own ten years

Low −16.3× High 10.3×
Ten-year median 1.2×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
RUSHA Rush Enterprises, Inc. compare 0.2×
RUSHB Rush Enterprises, Inc. compare 0.2×
OPLN OPENLANE, Inc. compare 0.3×
PAG Penske Automotive Group, Inc. compare 0.4×
CVNA Carvana Co. 1.0×
LAD Lithia Motors, Inc. compare 1.5×
KMX CarMax, Inc. compare 2.7×
AN AutoNation, Inc. compare 3.0×
VVV Valvoline compare 3.8×
Auto & Truck Dealerships industry median 0.6×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on CVNA