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Carvana vs Autonation: CVNA and AN compared
Carvana is the larger company: $8.0B of revenue in its latest quarter (Q3 2026) against $7.0B for Autonation (Q3 2026). Carvana is growing faster (+42% against -0.4% a year earlier). Carvana is more profitable, with an operating margin of 8.9% against 4.5%.
Where the money goes: CVNA and AN
Carvana (CVNA) · Q3 2026
Carvana, Q3 2026: revenue $8.0B (+42% year over year), operating margin 8.9%, net earnings $289M, operating cash flow $555M. The chart follows the revenue to costs, profit and cash.
Autonation (AN) · Q3 2026
Autonation, Q3 2026: revenue $7.0B (-0.4% year over year), operating margin 4.5%, net earnings $162M, operating cash flow $209M. The chart follows the revenue to costs, profit and cash.
| Carvana (CVNA) | Autonation (AN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.0B | $7.0B |
| Revenue growth, Y/Y | +42% | -0.4% |
| Gross margin | 18.9% | 17.2% |
| Operating margin | 8.9% | 4.5% |
| Net earnings | $289M | $162M |
| Net margin | 3.6% | 2.3% |
| Operating cash flow | $555M | $209M |
| Free cash flow | $491M | $134M |
| Market value | $53.3B | $6.3B |
| P/E | 31.3× | 9.0× |
| Analysts’ mean target | $81.14 | $213.42 |
Where the revenue comes from
Carvana
- Retail vehicle sales, net: $6.1B (76%)
- Wholesale sales and revenues: $1.3B (16%)
- Other sales and revenues: $594M (7%)
Autonation
- New vehicle: $3.3B (48%)
- Used vehicle: $2.0B (29%)
- Parts and service: $1.3B (18%)
- Finance and insurance, net: $349M (5%)
Questions
Which is bigger, Carvana or Autonation?
Carvana is the larger company: $8.0B of revenue in its latest quarter (Q3 2026) against $7.0B for Autonation (Q3 2026).
Is Carvana or Autonation growing faster?
Carvana is growing faster (+42% against -0.4% a year earlier).
Which is more profitable, Carvana or Autonation?
Carvana is more profitable, with an operating margin of 8.9% against 4.5%.
More: Carvana earnings · how Carvana makes money · Autonation earnings · how Autonation makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.