Carvana CVNA

How much of Carvana's U.S. consumer revenue is funded by new credit? Read the estimate, then inspect the evidence.

2026-Q1 · estimated DFR% of U.S. consumer revenue

20.26%

Midpoint with 80% bandTier 1–3Provenance

Low16.61%Midpoint20.26%High24.08%

Estimated 80% band · share of U.S. consumer revenue

View chart data and provenance

Text equivalent for the current estimated DFR% band for Carvana.
Period	2026-Q1
Estimated 80% band	16.61% to 24.08% of U.S. consumer revenue
Estimated midpoint	20.26% of U.S. consumer revenue
Evidence	Tier 1–3
Provenance	Company evidence and assumptions

Estimated midpoint: $915 million debt-funded consumer revenue / $4,532 million estimated U.S. consumer revenue.

2026-Q1 · share of estimated debt-funded revenue

Tier 1 59.0%Tier 2 37.4%Tier 3 3.6%

View chart data and provenance

Text equivalent for the evidence-tier decomposition of estimated debt-funded revenue.
Component	Share	Meaning
Tier 1	59.0%	Observed company financing link
Tier 2	37.4%	Category-mapped allocation
Tier 3	3.6%	Fungible proportional allocation
Provenance	Company evidence and registered assumptions

Tier definitions

T1 — Observed: A company disclosure directly links financing to sales.
T2 — Category-mapped: Credit is mapped to spending categories, then to companies using registered weights.
T3 — Fungible: Credit that cannot be assigned directly is allocated broadly by estimated consumer revenue, with the widest uncertainty.

Tier percentages show how the estimate was constructed—not confidence scores. Full methodology

2026-Q1 · multiple of Tier 3 baseline

13.02x

Evidence LiftDefinition

DFR% midpoint divided by this company's 1.56% pure-fungibility baseline.

Evidence-supported

History

2026-05-22 · 2026-Q1 refresh

Estimated 1.34%–1.75% of U.S. consumer revenue
Midpoint 1.53%

UPDATED_TTM_FROM_10Q · Versioned source record

2026-08-19 · 2026-Q2 refresh

Estimated 11.78%–16.82% of U.S. consumer revenue
Midpoint 14.24%

UPDATED_TTM_FROM_10Q · Versioned source record

2026-08-06 · 2026-Q1 methodology snapshot

Estimated 16.61%–24.08% of U.S. consumer revenue
Midpoint 20.26%

View chart data and provenance

Text equivalent for every versioned estimated DFR% band in the history chart.
Effective date	Record	Estimated low	Estimated midpoint	Estimated high	Status and provenance
2026-05-22	2026-Q1 refresh	1.34% of U.S. consumer revenue	1.53% of U.S. consumer revenue	1.75% of U.S. consumer revenue	UPDATED_TTM_FROM_10Q · Versioned source record
2026-08-19	2026-Q2 refresh	11.78% of U.S. consumer revenue	14.24% of U.S. consumer revenue	16.82% of U.S. consumer revenue	UPDATED_TTM_FROM_10Q · Versioned source record
2026-08-06	2026-Q1 methodology snapshot	16.61% of U.S. consumer revenue	20.26% of U.S. consumer revenue	24.08% of U.S. consumer revenue	VERSIONED_BASELINE · Versioned source record

Refresh records are append-only. A new filing adds a record; it never replaces the earlier band.

Input	Evidence	Tier
Financing-to-sales link	“Finance receivables include installment contracts the Company originates to its customers to facilitate vehicle sales.” Specific SEC filing	Tier 1
Revenue denominator	Pinned SEC XBRL filing; U.S. consumer share is registered as an assumption.	Tier 2

Top five assumptions by absolute correlation with the estimated band.