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Side-by-side financial comparison of AMERICAS CARMART INC (CRMT) and CARVANA CO. (CVNA). Click either name above to swap in a different company.
CARVANA CO. is the larger business by last-quarter revenue ($5.6B vs $286.3M, roughly 19.6× AMERICAS CARMART INC). CARVANA CO. runs the higher net margin — 15.3% vs -7.8%, a 23.1% gap on every dollar of revenue. On growth, CARVANA CO. posted the faster year-over-year revenue change (58.0% vs 0.2%). CARVANA CO. produced more free cash flow last quarter ($379.0M vs $8.3M). Over the past eight quarters, CARVANA CO.'s revenue compounded faster (35.3% CAGR vs 9.1%).
Americas CarMart Inc is a US-based specialty automotive retailer that primarily sells used vehicles and provides tailored in-house financing solutions for customers with limited or poor credit histories. It operates a network of physical dealerships concentrated in the Southern and Midwestern regions of the United States, serving underserved consumer segments in the automotive purchase market.
Carvana Co. is an online used car retailer based in Tempe, Arizona. Carvana was named to the 2021 Fortune 500 list, one of the youngest companies to be added to the list.
CRMT vs CVNA — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $286.3M | $5.6B |
| Net Profit | $-22.5M | $857.0M |
| Gross Margin | 37.5% | 18.8% |
| Operating Margin | -9.6% | 7.6% |
| Net Margin | -7.8% | 15.3% |
| Revenue YoY | 0.2% | 58.0% |
| Net Profit YoY | -540.7% | 984.8% |
| EPS (diluted) | $-2.71 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $286.3M | $5.6B | ||
| Q3 25 | $276.2M | $5.6B | ||
| Q2 25 | $309.7M | $4.8B | ||
| Q1 25 | $263.5M | $4.2B | ||
| Q4 24 | $285.8M | $3.5B | ||
| Q3 24 | $287.2M | $3.7B | ||
| Q2 24 | $309.7M | $3.4B | ||
| Q1 24 | $240.4M | $3.1B |
| Q4 25 | $-22.5M | $857.0M | ||
| Q3 25 | $-5.7M | $151.0M | ||
| Q2 25 | $10.6M | $183.0M | ||
| Q1 25 | $3.2M | $216.0M | ||
| Q4 24 | $5.1M | $79.0M | ||
| Q3 24 | $-964.0K | $85.0M | ||
| Q2 24 | $426.0K | $18.0M | ||
| Q1 24 | $-8.5M | $28.0M |
| Q4 25 | 37.5% | 18.8% | ||
| Q3 25 | 36.6% | 20.3% | ||
| Q2 25 | 36.4% | 22.0% | ||
| Q1 25 | 35.7% | 22.0% | ||
| Q4 24 | 39.4% | 21.5% | ||
| Q3 24 | 35.0% | 22.1% | ||
| Q2 24 | 35.1% | 21.0% | ||
| Q1 24 | 34.2% | 19.3% |
| Q4 25 | -9.6% | 7.6% | ||
| Q3 25 | -2.7% | 9.8% | ||
| Q2 25 | 4.0% | 10.6% | ||
| Q1 25 | 1.7% | 9.3% | ||
| Q4 24 | 2.5% | 7.3% | ||
| Q3 24 | -0.4% | 9.2% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | -4.3% | 4.4% |
| Q4 25 | -7.8% | 15.3% | ||
| Q3 25 | -2.1% | 2.7% | ||
| Q2 25 | 3.4% | 3.8% | ||
| Q1 25 | 1.2% | 5.1% | ||
| Q4 24 | 1.8% | 2.2% | ||
| Q3 24 | -0.3% | 2.3% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | -3.6% | 0.9% |
| Q4 25 | $-2.71 | — | ||
| Q3 25 | $-0.69 | — | ||
| Q2 25 | $1.50 | — | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $0.61 | — | ||
| Q3 24 | $-0.15 | — | ||
| Q2 24 | $0.09 | — | ||
| Q1 24 | $-1.34 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $122.4M | $2.3B |
| Total DebtLower is stronger | — | $4.9B |
| Stockholders' EquityBook value | $555.0M | $3.4B |
| Total Assets | $1.7B | $13.2B |
| Debt / EquityLower = less leverage | — | 1.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $122.4M | $2.3B | ||
| Q3 25 | $9.7M | $2.1B | ||
| Q2 25 | $9.8M | $1.9B | ||
| Q1 25 | $8.5M | $1.9B | ||
| Q4 24 | $8.0M | $1.7B | ||
| Q3 24 | $4.7M | $871.0M | ||
| Q2 24 | $5.5M | $542.0M | ||
| Q1 24 | $4.2M | $252.0M |
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $555.0M | $3.4B | ||
| Q3 25 | $564.8M | $2.3B | ||
| Q2 25 | $569.4M | $1.7B | ||
| Q1 25 | $557.8M | $1.5B | ||
| Q4 24 | $553.6M | $1.3B | ||
| Q3 24 | $471.1M | $611.0M | ||
| Q2 24 | $470.6M | $526.0M | ||
| Q1 24 | $468.9M | $289.0M |
| Q4 25 | $1.7B | $13.2B | ||
| Q3 25 | $1.6B | $9.9B | ||
| Q2 25 | $1.6B | $9.4B | ||
| Q1 25 | $1.6B | $8.9B | ||
| Q4 24 | $1.6B | $8.5B | ||
| Q3 24 | $1.5B | $7.4B | ||
| Q2 24 | $1.5B | $7.2B | ||
| Q1 24 | $1.5B | $7.0B |
| Q4 25 | — | 1.43× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.1M | $430.0M |
| Free Cash FlowOCF − Capex | $8.3M | $379.0M |
| FCF MarginFCF / Revenue | 2.9% | 6.8% |
| Capex IntensityCapex / Revenue | 0.3% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-11.2M | $889.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.1M | $430.0M | ||
| Q3 25 | $-5.9M | $345.0M | ||
| Q2 25 | $19.2M | $29.0M | ||
| Q1 25 | $-30.8M | $232.0M | ||
| Q4 24 | $-22.2M | $60.0M | ||
| Q3 24 | $-15.0M | $403.0M | ||
| Q2 24 | $-10.7M | $354.0M | ||
| Q1 24 | $13.0M | $101.0M |
| Q4 25 | $8.3M | $379.0M | ||
| Q3 25 | $-6.4M | $307.0M | ||
| Q2 25 | $18.4M | $-2.0M | ||
| Q1 25 | $-31.5M | $205.0M | ||
| Q4 24 | $-23.6M | $36.0M | ||
| Q3 24 | $-16.0M | $376.0M | ||
| Q2 24 | $-12.0M | $332.0M | ||
| Q1 24 | $10.2M | $83.0M |
| Q4 25 | 2.9% | 6.8% | ||
| Q3 25 | -2.3% | 5.4% | ||
| Q2 25 | 5.9% | -0.0% | ||
| Q1 25 | -12.0% | 4.8% | ||
| Q4 24 | -8.3% | 1.0% | ||
| Q3 24 | -5.6% | 10.3% | ||
| Q2 24 | -3.9% | 9.7% | ||
| Q1 24 | 4.3% | 2.7% |
| Q4 25 | 0.3% | 0.9% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.3% | 0.6% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.5% | 0.7% | ||
| Q3 24 | 0.3% | 0.7% | ||
| Q2 24 | 0.4% | 0.6% | ||
| Q1 24 | 1.1% | 0.6% |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | 1.81× | 0.16× | ||
| Q1 25 | -9.73× | 1.07× | ||
| Q4 24 | -4.36× | 0.76× | ||
| Q3 24 | — | 4.74× | ||
| Q2 24 | -25.18× | 19.67× | ||
| Q1 24 | — | 3.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRMT
| Sales Used Autos | $241.4M | 84% |
| Service Contract Sales | $23.6M | 8% |
| Wholesales Third Party | $12.6M | 4% |
| Payment Protection Plan Revenue | $8.7M | 3% |
CVNA
| Used Vehicle Sales | $4.2B | 74% |
| Wholesale Sales And Revenues | $988.0M | 18% |
| Other | $459.0M | 8% |
