Aug. 1 at 3:06 PM
Latest quarter earnings:
CarMax
$KMX
Revenue: 7.55B
Net Income: 210M
Market Cap: 8.70B
Cars Sold: 379,727
Carvana
$CVNA
Revenue: 4.84B
Net Income: 308M
Market Cap: 82.1B
Cars Sold: 216,050
To summarize, CarMax's net income per vehicle is
$553, while Carvana's is
$1425.
So Carvana is 2.58x more profitable per vehicle than CarMax, yet its market cap is 10.9x more.