Carvana vs Carmax: revenue, profit, margins and growth compared
Carvana brought in $20.3B of revenue in fiscal 2025, Carmax $25.9B in fiscal 2026. Revenue changed by +48.6% at Carvana and -1.8% at Carmax on the year before, so Carvana grew faster. Carvana kept 6.9% of its revenue as net profit, Carmax 1.0%. Free cash flow was $889M at Carvana and $1.2B at Carmax.
Fiscal years as each company reports them; the two may end in different months.
Questions about Carvana and Carmax
Which is bigger by revenue, Carvana or Carmax?
Carmax is bigger by revenue: $25.9B in fiscal 2026, against $20.3B for Carvana in fiscal 2025.
Which keeps more of its revenue as profit, Carvana or Carmax?
Carvana had a net margin of 6.9% in fiscal 2025; Carmax had 1.0% in fiscal 2026.
Which grew revenue faster, Carvana or Carmax?
In their latest fiscal years revenue changed by +48.6% at Carvana and -1.8% at Carmax.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.