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Carvana CoCVNA +3.67%74 Debt-to-Equity is 1.40 as of Jun. 2026, which is 79% below its 10-year median of 6.65. GuruFocus rates CVNA with a GF Score™ of 74/100 and a GF Value™ of $80.73 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,216 Vehicles & Parts companies, Carvana Co ranks worse than 85.12% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Carvana Co's Debt-to-Equity or its related term are showing as below:
CVNA'
s Debt-to-Equity Range Over the Past 10 Years
Min: -17.02 Med: 6.65 Max: 84.05
Current: 1.4
During the past 12 years, the highest Debt-to-Equity Ratio of Carvana Co was 84.05. The lowest was -17.02. And the median was 6.65.
CVNA's Debt-to-Equity is ranked worse than 85.12% of 1216
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs CVNA: 1.40
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Carvana Co Debt-to-Equity Related Terms
Carvana Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Carvana Co's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto & Truck Dealerships subindustry, Carvana Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carvana Co Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Carvana Co's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carvana Co (CVNA) has a Debt-to-Equity of 1.40 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Carvana Co and its competitors. This is 79% below median its historical median of 6.65. According to the industry distribution chart, Carvana Co ranks #1035 out of 1216 companies in the Vehicles & Parts industry, placing it in the top 85.1%.
Is Carvana Co's Debt-to-Equity too high?
Carvana Co's current Debt-to-Equity of 1.40 is 79% below median its 10-year median of 6.65. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Carvana Co's value of 1.40 is 204.3% above this industry median. Based on the distribution chart, Carvana Co ranks #1035 out of 1216 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Carvana Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carvana Co's Debt-to-Equity compare to PAG and KMX?
According to the Vehicles & Parts industry distribution chart, Carvana Co ranks #1035 out of 1216 companies for Debt-to-Equity. This places Carvana Co in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Carvana Co's value of 1.40 is 204.3% above this benchmark. While the company's 10-year median is 6.65 vs. the industry median of 0.46, Carvana Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,216 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carvana Co's current Debt-to-Equity of 1.40 is 204.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Carvana Co and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carvana Co's current Debt-to-Equity is 1.40, which is 79% below median its own 10-year median of 6.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carvana Co stock overvalued right now?
Based on GuruFocus' analysis, Carvana Co (CVNA) is currently considered Modestly Undervalued. The stock's GF Value™ is $80.73, compared to a current price of $70.85 — trading 12.2% below its estimated fair value. The current Debt-to-Equity is 1.40, which is 79% below median its 10-year median of 6.65 and 204.3% above the Vehicles & Parts industry median of 0.46. Carvana Co's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Carvana Co (CVNA), the current Debt-to-Equity is 1.40 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carvana Co (CVNA) Overvalued in 2026?
Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued.
The current stock price of $70.85 is trading 12.2% below its estimated GF Value™ of $80.73.
GuruFocus considers Carvana Co to be Modestly Undervalued.
Key valuation signals for CVNA:
Debt-to-Equity: 1.40 (79% below median its 10-year median of 6.65)
GF Value™: $80.73 vs. price of $70.85 (12.2% below fair value)
Industry Position: 204.3% above the Vehicles & Parts median (#1035 of 1216)
No single metric tells the full story. See the CVNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
74GF Score
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