CVNA vs RUSHA: Carvana and Rush Enterprises A compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Carvana is the larger company, worth $48.8B, about 14.4 times Rush Enterprises A.
- Carvana grew revenue faster over the last year (+52.4% vs -1.8%).
- Carvana keeps more of each dollar of revenue as operating profit (8.9% vs 5.4%).
- On earnings, Rush Enterprises A is the cheaper stock (13.2x vs 35.5x).
- Carvana's price assumes faster free cash flow growth: about 18% a year, against -8% for Rush Enterprises A (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CVNA | RUSHA |
|---|---|---|
| Market cap | $48.8B | $3.4B |
| Share price | $63.73 | $44.52 |
| Revenue (last fiscal year) | $20.3B | $7.1B |
| Free cash flow (last fiscal year) | $889M | $462M |
| Revenue growth, last year | +52.4% | -1.8% |
| Revenue growth per year, last 5 fiscal years | +12.2% | — |
| Operating margin | 8.9% | 5.4% |
| Net margin | 6.3% | 3.9% |
| Return on equity | 38.9% | 11.4% |
| P/E (trailing) | 35.5x | 13.2x |
| Price / free cash flow | 54.8x | 5.91x |
| EV / EBITDA | 26.2x | 7.18x |
| FCF growth the price implies | 18.3% | -8.4% |
| Dividend yield | — | 1.7% |
| Debt / equity | 2.34x | 0.99x |
| Fundamental grade | C | C |
| Superinvestors holding it | 9 | 0 |
| Insider purchases, last 12 months | 8 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Carvana
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.8B | -$3.2B | — |
| 2022 | $13.6B | -$1.8B | -17.3% |
| 2023 | $10.8B | $716M | -0.74% |
| 2024 | $13.7B | $827M | 7.2% |
| 2025 | $20.3B | $889M | 9.3% |
Rush Enterprises A
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | — | — | — |
| 2022 | $6.8B | $51M | 7.5% |
| 2023 | $7.6B | -$73M | 6.8% |
| 2024 | $7.4B | $187M | 6.3% |
| 2025 | $7.1B | $462M | 5.6% |
Where the revenue comes from
Carvana · by products, 2025
Retail vehicle sales, net$14.5B72%
Wholesale sales and revenues$4.1B20%
Other sales and revenues$1.7B9%
Rush Enterprises A · by segments, 2025
Truck Segment$7.4B100%
Other Operating Segment$15M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CVNA in InvestinglyQuestions
Which is bigger, Carvana or Rush Enterprises A?
Carvana (CVNA), at $48.8B against $3.4B.
Is CVNA or RUSHA cheaper?
By trailing P/E, Rush Enterprises A (13.2x) is cheaper than Carvana (35.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, CVNA or RUSHA?
Carvana: revenue grew +52.4% over the last year, against -1.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.