Autonation vs Carvana
Autonation is the larger business, with $27.63bn of revenue in fiscal 2025 against $20.32bn for Carvana (1.4 times as much). Carvana grew faster (48.6% against 3.2%). Carvana kept more of each dollar of sales as profit: a net margin of 6.9% against 2.3%. Carvana carries less debt relative to equity (153.1% against 170.0%).
| Latest fiscal year | AutonationAN, 2025 | CarvanaCVNA, 2025 |
|---|---|---|
| Revenue | $27.63bn | $20.32bn |
| Revenue growth | 3.2% | 48.6% |
| Net income | $649m | $1.41bn |
| Operating margin | 4.5% | 9.3% |
| Net margin | 2.3% | 6.9% |
| Return on equity | 27.1% | 59.9% |
| Free cash flow | −$198m | $889m |
| Cash | $58.6m | $2.33bn |
| Total debt | $3.98bn | $5.27bn |
| Debt to equity | 170.0% | 153.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $792m | — |
| Employees | — | 23,100 |
| Market value | $6.00bn | $53.27bn |
| Price vs our value range | — | Within our value range |
| Moat score | 53 (Moderate) | 20 (Weak) |
| Insider trades, 12 months | 0 buys, 2 sales | 5 buys, 371 sales |