CVNA
Carvana Co.
CVNA has the edge over RIVN overall, supported by stronger valuation and stronger fundamentals.
RIVN
Rivian Automotive, Inc.
RIVN's outlook is improving, though it still trails on the overall score.
CVNA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Weak |
CVNA's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
CVNA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 34x | $70.84 | — |
| Forward | 35x | $70.84 | — |
| Cheap | 36x | $75.86 | +7.1% |
| Fair | 83x | $173 | +144% |
| Expensive | 113x | $235 | +231% |
Historical ranges are pointers, not guarantees.
CVNA's PE is in its cheap range at 34x. On analysts' estimates for next year's earnings, today's price would be 35x.
RIVN PE Valuation
RIVN has no meaningful PE right now: it lost money over the past year.
CVNA Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for CVNA, with profitability holding steady. However, they disagree widely on these estimates.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RIVN has the edge over CVNA on the outlook, with more favorable profitability expectations.
CVNA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.05 | -1.4% |
| Q3 2026 | $2.08 | +136% |
| Q2 2026 | $1.89 | +136% |
| Q1 2026 | $1.73 | +204% |
| Q4 2025 | $1.69 | +428% |
| Q3 2023 | -$1.22 | +$0.57 |
| Q2 2023 | -$2.51 | -$1.18 |
| Q1 2023 | -$2.87 | -$2.06 |
| Q4 2022 | -$3.15 | -$2.82 |
CVNA has the edge over RIVN on earnings quality, reporting a profit while its opponent remains loss making.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN is still losing money, but far less than before: $2.25 per share over the past year, against $7.40 at its worst in late 2022.
CVNA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8B | +42% |
| Q2 2026 | $7.4B | +52% |
| Q1 2026 | $6.4B | +52% |
| Q4 2025 | $5.6B | +58% |
| Q3 2025 | $5.6B | +55% |
| Q2 2025 | $4.8B | +42% |
| Q1 2025 | $4.2B | +38% |
| Q4 2024 | $3.5B | +46% |
CVNA has the edge over RIVN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.9% | -0.9 points |
| Q2 2026 | 9.2% | -1.4 points |
| Q1 2026 | 9% | -0.3 points |
| Q4 2025 | 7.6% | +0.2 points |
| Q3 2025 | 9.8% | +0.5 points |
| Q2 2025 | 11% | +3 points |
| Q1 2025 | 9.3% | +4.9 points |
| Q4 2024 | 7.3% | N/A |
CVNA has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN's revenue is growing: $2.2B last quarter, up 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
CVNA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $491M | +60% |
| Q2 2026 | $187M | +$189M |
| Q1 2026 | $56M | -73% |
| Q4 2025 | $379M | +953% |
| Q3 2025 | $307M | -18% |
| Q2 2025 | -$2M | -101% |
| Q1 2025 | $205M | +147% |
| Q4 2024 | $36M | +$293M |
CVNA has the edge over RIVN on cash generation, producing positive trailing cash flow while its opponent burns cash.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M the year before.
CVNA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -50K shares |
| 1 year | +3.3% | +23.8M shares |
| 3 years | +40% | +211M shares |
| 5 years | +123% | +408M shares |
CVNA has the edge over RIVN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q3 2024 | $2M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q3 2023 | — |
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
CVNA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | 186.0x | High |
| Q2 2021 | 128.9x | High |
CVNA's net debt is more than 20 years of its operating earnings (EBITDA).
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CVNA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.9 | Neutral |
| Stochastic | 67.9 | Neutral |
CVNA's weekly RSI is 53 (neutral) and its Stochastic is 68 (neutral).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
CVNA PE vs Consumer Cyclical Sector
| Metric | CVNA | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 18x | 89% above |
| PE % | 8 | 47 | 39 pts below |
CVNA is trading at 34x earnings, a 89% premium to the Consumer Cyclical sector's median of 18x.
RIVN PE vs Consumer Cyclical Sector
RIVN has no meaningful PE right now: it lost money over the past year.
CVNA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $65.2 | 8.6% above |
| 20 week MA | $67.3 | 5.3% above |
| 50 week MA | $71.3 | 0.7% below |
| 100 week MA | $64.7 | 9.5% above |
| 200 week MA | $40.2 | 76% above |
CVNA has the edge over RIVN on trend strength, trading above more of its moving averages.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
CVNA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.6 | $54.9 | +181% |
| 2021 | $54.9 | $48.2 | -12% |
| 2022 | $48.2 | $0.81 | -98% |
| 2023 | $0.81 | $10.6 | +1207% |
| 2024 | $10.6 | $43.0 | +306% |
| 2025 | $43.0 | $87.7 | +104% |
| 2026 YTD | $87.7 | $70.8 | -19% |
CVNA has the edge over RIVN on returns for 2026, with the stronger performance.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has finished lower in three of the last five years. It's down 39% so far in 2026.