Aside from their somewhat similar aesthetics, they are quite different. Most notably, they are chambered in different calibers. The M1 Carbine is chambered in .30 Carbine (7.62x33mm), and the M1 Garand is chambered in .30-06 (7.62x63mm).
M1 Carbine Magazines
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Frequently asked questions about M1 Carbine Magazines
Are the M1 Carbine and M1 Garand the same rifle?
Is the M1 Carbine still being produced?
There are still reproduction M1 Carbines being produced by manufacturers, such as Auto Ordnance and Inland Manufacturing.