Asbury Automotive Group vs Carvana
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The short version
- Carvana is the larger business, with $20.3B of revenue in fiscal 2025 against $18.0B for Asbury Automotive Group.
- Carvana grew revenue faster (48.6%, against 4.7%).
- Carvana kept more of each dollar of sales as operating profit (9.3% operating margin, against 4.8%).
- Carvana earned a higher return on the capital invested in it (24.6%, against 9.2%).
| Latest fiscal year | ABG · FY25 | CVNA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.2B | $42.8B |
| Revenue | $18.0B | $20.3B |
| Free cash flow | — | $889M |
| Net income | $492M | $1.4B |
| Growth | ||
| Revenue growth | 4.7% | 48.6% |
| 5-year growth | 20.3% | 29.5% |
| Share count change | −2.0% | 69.6% |
| Profitability | ||
| Gross margin | 17.1% | 20.6% |
| Operating margin | 4.8% | 9.3% |
| Net margin | 2.7% | 6.9% |
| FCF margin | — | 4.4% |
| Return on capital | 9.2% | 24.6% |
| Return on equity | 13.3% | 59.9% |
| Balance sheet | ||
| Net debt | $3.5B | $2.7B |
| Net debt / EBITDA | 3.7x | — |
| Dividends and buybacks | $12.8M | $0.0M |
| Valuation & quality | ||
| P/E | 6.4x | — |
| Piotroski F-score | 6 | 6 |
Revenue
FY16
ABG $6.5B
CVNA $365M
FY17
ABG $6.5B
CVNA $859M
FY18
ABG $6.9B
CVNA $2.0B
FY19
ABG $7.2B
CVNA $3.9B
FY20
ABG $7.1B
CVNA $5.6B
FY21
ABG $9.8B
CVNA $12.8B
FY22
ABG $15.4B
CVNA $13.6B
FY23
ABG $14.8B
CVNA $10.8B
FY24
ABG $17.2B
CVNA $13.7B
FY25
ABG $18.0B
CVNA $20.3B
ABG
CVNA
Operating margin
FY16
ABG 4.6%
CVNA —
FY17
ABG 4.5%
CVNA —
FY18
ABG 4.5%
CVNA —
FY19
ABG 4.5%
CVNA —
FY20
ABG 5.2%
CVNA —
FY21
ABG 8.1%
CVNA —
FY22
ABG 8.3%
CVNA −17.3%
FY23
ABG 6.4%
CVNA −0.7%
FY24
ABG 4.9%
CVNA 7.2%
FY25
ABG 4.8%
CVNA 9.3%
ABG
CVNA
Free cash flow
FY16
ABG $61.1M
CVNA −$280M
FY17
ABG $224M
CVNA −$278M
FY18
ABG −$30.2M
CVNA −$558M
FY19
ABG $292M
CVNA −$988M
FY20
ABG —
CVNA −$968M
FY21
ABG $1.1B
CVNA −$3.2B
FY22
ABG $601M
CVNA −$1.8B
FY23
ABG $171M
CVNA $716M
FY24
ABG —
CVNA $827M
FY25
ABG —
CVNA $889M
ABG
CVNA
Return on capital
FY16
ABG 15.0%
CVNA —
FY17
ABG 15.4%
CVNA —
FY18
ABG 17.5%
CVNA −4.0%
FY19
ABG 16.6%
CVNA −3.2%
FY20
ABG 15.1%
CVNA −2.3%
FY21
ABG 16.2%
CVNA 1.4%
FY22
ABG 17.0%
CVNA −44.0%
FY23
ABG 11.6%
CVNA −1.5%
FY24
ABG 9.6%
CVNA 20.5%
FY25
ABG 9.2%
CVNA 24.6%
ABG
CVNA
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.