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AMERICAS CARMART INC（CRMT）与CARVANA CO.（CVNA）财务数据对比。点击上方公司名可切换其他公司
CARVANA CO.的季度营收约是AMERICAS CARMART INC的19.6倍（$5.6B vs $286.3M）。CARVANA CO.净利率更高（15.3% vs -7.8%，领先23.1%）。CARVANA CO.同比增速更快（58.0% vs 0.2%）。CARVANA CO.自由现金流更多（$379.0M vs $8.3M）。过去两年CARVANA CO.的营收复合增速更高（35.3% vs 9.1%）
Americas CarMart Inc是美国专业汽车零售商，主要销售二手车，为信用记录有限或信用不佳的客户提供定制化内部融资方案，其线下门店网络集中在美国南部和中西部地区，服务购车市场中需求未被充分覆盖的消费群体。
Carvana Co.是总部位于美国亚利桑那州坦佩市的线上二手车零售企业，主打线上一站式购车服务，2021年成功入选《财富》500强榜单，是该榜单有史以来最年轻的上榜企业之一。
CRMT vs CVNA — 直观对比
营收规模更大
CVNA
是对方的19.6倍
$286.3M
营收增速更快
CVNA
高出57.8%
0.2%
净利率更高
CVNA
高出23.1%
-7.8%
自由现金流更多
CVNA
多$370.7M
$8.3M
两年增速更快
CVNA
近两年复合增速
9.1%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $286.3M | $5.6B |
| 净利润 | $-22.5M | $857.0M |
| 毛利率 | 37.5% | 18.8% |
| 营业利润率 | -9.6% | 7.6% |
| 净利率 | -7.8% | 15.3% |
| 营收同比 | 0.2% | 58.0% |
| 净利润同比 | -540.7% | 984.8% |
| 每股收益（稀释后） | $-2.71 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CRMTCVNA
| 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 |
净利润CRMTCVNA
| 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 |
毛利率CRMTCVNA
| 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% |
营业利润率CRMTCVNA
| 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% |
净利率CRMTCVNA
| 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% |
每股收益（稀释后）CRMTCVNA
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $122.4M | $2.3B |
| 总债务越低越好 | — | $4.9B |
| 股东权益账面价值 | $555.0M | $3.4B |
| 总资产 | $1.7B | $13.2B |
| 负债/权益比越低杠杆越低 | — | 1.43× |
8季度趋势，按日历期对齐
现金及短期投资CRMTCVNA
| 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 |
总债务CRMTCVNA
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRMTCVNA
| 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 |
总资产CRMTCVNA
| 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 |
负债/权益比CRMTCVNA
| Q4 25 | — | 1.43× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $9.1M | $430.0M |
| 自由现金流经营现金流 - 资本支出 | $8.3M | $379.0M |
| 自由现金流率自由现金流/营收 | 2.9% | 6.8% |
| 资本支出强度资本支出/营收 | 0.3% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 0.50× |
| 过去12个月自由现金流最近4个季度 | $-11.2M | $889.0M |
8季度趋势，按日历期对齐
经营现金流CRMTCVNA
| 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 |
自由现金流CRMTCVNA
| 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 |
自由现金流率CRMTCVNA
| 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% |
资本支出强度CRMTCVNA
| 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% |
现金转化率CRMTCVNA
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
