---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-120197"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:42:26.622197+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Carvana completes upsized 15.6M share offering at $80; also plans $3.275B in preferred/notes for ADESA

## Summary
- Carvana completed upsized public offering of 15,625,000 shares of Class A common stock at $80.00/share.
- Insiders (Ernest Garcia II, Ernie Garcia III, controlled entities) purchased 5,400,000 shares.
- Net proceeds from common stock offering to be used for general corporate purposes.
- Separate proposed offerings: $1B Series A preferred stock and $2.275B senior notes due 2030.
- Those separate offerings intended to finance Carvana's acquisition of ADESA's US physical auction business.

## SEC filing metadata
- accession: 0001193125-22-120197
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000119312522120197/0001193125-22-120197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000119312522120197/d515504d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-120197
- JSON: https://secwatch.observer/filing/0001193125-22-120197.json
- Plain text: https://secwatch.observer/filing/0001193125-22-120197.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.