secwatch.observer — SEC 8-K summary
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Issuer:     CARVANA CO. (CVNA)
CIK:        0001690820
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001690820-22-000252
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carvana Q2 net loss $439M; revenue $3.88B, GPU falls to $3,368
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- Net loss of $439M vs $45M profit YoY; diluted EPS -$2.35 on 101.5M Class A shares.
- Total GPU fell 34% to $3,368 from $5,120; gross profit down 28% to $396M.
- Closed ADESA acquisition for $2.2B on May 9, funded with $3.275B senior notes.
- Adjusted EBITDA margin -6.2% vs +3.4% YoY; units sold 117,564 (+9% YoY).
- Outlook: targeting >$4,000 total GPU and significant positive EBITDA in FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690820/000169082022000252/0001690820-22-000252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690820/000169082022000252/cvna-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001690820-22-000252

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer