Carvana vs Group 1 Automotive
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The short version
- Group 1 Automotive is the larger business, with $22.6B of revenue in fiscal 2025 against $20.3B for Carvana.
- Carvana grew revenue faster (48.6%, against 13.2%).
- Carvana kept more of each dollar of sales as operating profit (9.3% operating margin, against 3.3%).
- Carvana turned more of its sales into free cash flow (4.4% FCF margin, against 1.9%).
- Carvana earned a higher return on the capital invested in it (24.6%, against 8.6%).
| Latest fiscal year | CVNA · FY25 | GPI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $42.8B | $2.9B |
| Revenue | $20.3B | $22.6B |
| Free cash flow | $889M | $425M |
| Net income | $1.4B | $325M |
| Growth | ||
| Revenue growth | 48.6% | 13.2% |
| 5-year growth | 29.5% | 16.3% |
| Share count change | 69.6% | −3.9% |
| Profitability | ||
| Gross margin | 20.6% | 16.1% |
| Operating margin | 9.3% | 3.3% |
| Net margin | 6.9% | 1.4% |
| FCF margin | 4.4% | 1.9% |
| Return on capital | 24.6% | 8.6% |
| Return on equity | 59.9% | 11.3% |
| Balance sheet | ||
| Net debt | $2.7B | $3.7B |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $0.0M | $580M |
| Valuation & quality | ||
| P/E | — | 10.1x |
| Piotroski F-score | 6 | 5 |
Revenue
FY16
CVNA $365M
GPI $10.9B
FY17
CVNA $859M
GPI $11.1B
FY18
CVNA $2.0B
GPI $11.6B
FY19
CVNA $3.9B
GPI $11.6B
FY20
CVNA $5.6B
GPI $10.6B
FY21
CVNA $12.8B
GPI $13.5B
FY22
CVNA $13.6B
GPI $16.2B
FY23
CVNA $10.8B
GPI $17.9B
FY24
CVNA $13.7B
GPI $19.9B
FY25
CVNA $20.3B
GPI $22.6B
CVNA
GPI
Operating margin
FY16
CVNA —
GPI 3.1%
FY17
CVNA —
GPI 3.1%
FY18
CVNA —
GPI 2.9%
FY19
CVNA —
GPI 3.1%
FY20
CVNA —
GPI 4.7%
FY21
CVNA —
GPI 6.6%
FY22
CVNA −17.3%
GPI 6.7%
FY23
CVNA −0.7%
GPI 5.4%
FY24
CVNA 7.2%
GPI 4.6%
FY25
CVNA 9.3%
GPI 3.3%
CVNA
GPI
Free cash flow
FY16
CVNA −$280M
GPI $228M
FY17
CVNA −$278M
GPI −$19.3M
FY18
CVNA −$558M
GPI $129M
FY19
CVNA −$988M
GPI $179M
FY20
CVNA −$968M
GPI $702M
FY21
CVNA −$3.2B
GPI $1.1B
FY22
CVNA −$1.8B
GPI $430M
FY23
CVNA $716M
GPI $4.8M
FY24
CVNA $827M
GPI $341M
FY25
CVNA $889M
GPI $425M
CVNA
GPI
Return on capital
FY16
CVNA —
GPI 10.1%
FY17
CVNA —
GPI 14.3%
FY18
CVNA −4.0%
GPI 10.7%
FY19
CVNA −3.2%
GPI 10.5%
FY20
CVNA −2.3%
GPI 14.2%
FY21
CVNA 1.4%
GPI 21.0%
FY22
CVNA −44.0%
GPI 20.6%
FY23
CVNA −1.5%
GPI 16.2%
FY24
CVNA 20.5%
GPI 13.0%
FY25
CVNA 24.6%
GPI 8.6%
CVNA
GPI
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.