Carvana vs Penske Automotive Group
Penske Automotive Group is the larger business, with $31.81bn of revenue in fiscal 2025 against $20.32bn for Carvana (1.6 times as much). Carvana grew faster (48.6% against -0.2%). Carvana kept more of each dollar of sales as profit: a net margin of 6.9% against 2.9%. Penske Automotive Group carries less debt relative to equity (38.9% against 153.1%).
| Latest fiscal year | CarvanaCVNA, 2025 | Penske Automotive GroupPAG, 2025 |
|---|---|---|
| Revenue | $20.32bn | $31.81bn |
| Revenue growth | 48.6% | -0.2% |
| Net income | $1.41bn | $935m |
| Operating margin | 9.3% | 4.0% |
| Net margin | 6.9% | 2.9% |
| Return on equity | 59.9% | 17.1% |
| Free cash flow | $889m | $651m |
| Cash | $2.33bn | $64.7m |
| Total debt | $5.27bn | $2.17bn |
| Debt to equity | 153.1% | 38.9% |
| Dividend per share | — | $5.18 |
| Dividend yield | — | 2.7% |
| Share buybacks | — | $159m |
| Employees | 23,100 | 27,700 |
| Market value | $52.73bn | $13.95bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 20 (Weak) | 51 (Moderate) |
| Insider trades, 12 months | 5 buys, 371 sales | 0 buys, 3 sales |