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Carvana vs Murphy USA: CVNA and MUSA compared
Carvana is the larger company: $8.0B of revenue in its latest quarter (Q3 2026) against $6.9B for Murphy USA (Q3 2026). Carvana is growing faster (+42% against +35% a year earlier). Carvana is more profitable, with an operating margin of 8.9% against 3.8%.
Where the money goes: CVNA and MUSA
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.
Murphy USA (MUSA) · Q3 2026
Murphy USA, Q3 2026: revenue $6.9B (+35% year over year), operating margin 3.8%, net earnings $176M, operating cash flow $348M. The chart follows the revenue to costs, profit and cash.
| Carvana (CVNA) | Murphy USA (MUSA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.0B | $6.9B |
| Revenue growth, Y/Y | +42% | +35% |
| Gross margin | 18.9% | — |
| Operating margin | 8.9% | 3.8% |
| Net earnings | $289M | $176M |
| Net margin | 3.6% | 2.6% |
| Operating cash flow | $555M | $348M |
| Free cash flow | $491M | $194M |
| Market value | $53.3B | $9.4B |
| P/E | 31.3× | 14.5× |
| Analysts’ mean target | $81.14 | $616.00 |
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%)
Murphy USA
- Petroleum product sales: $5.6B (81%)
- Merchandise sales: $1.2B (17%)
- Other operating revenues: $136M (2%)
- Other revenues: $1.1M (0%)
Questions
Which is bigger, Carvana or Murphy USA?
Carvana is the larger company: $8.0B of revenue in its latest quarter (Q3 2026) against $6.9B for Murphy USA (Q3 2026).
Is Carvana or Murphy USA growing faster?
Carvana is growing faster (+42% against +35% a year earlier).
Which is more profitable, Carvana or Murphy USA?
Carvana is more profitable, with an operating margin of 8.9% against 3.8%.
More: Carvana earnings · how Carvana makes money · Murphy USA earnings · how Murphy USA 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.