---
schema_version: "secwatch.filing_event.v1"
accession: "0001690820-22-000312"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:26:19.907542+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Carvana Q3 2022: units -8%, revenue -3%, net loss margin widens to 15%; cautious Q4 outlook

## Summary
- Retail units sold 102,570 (-8% YoY); revenue $3.386B (-3% YoY); net loss margin (15.0%).
- Total gross profit per unit $3,500 (down $1,172 YoY); adjusted EBITDA margin (5.9%) vs 0.3% prior year.
- Net loss per Class A share $2.67; reduced Carvana-only SG&A by ~$90M QoQ.
- Outlook: expects sequential decline in retail units and total GPU in Q4; no quantitative 2023 guidance.
- Amended floorplan facility with Ally to $2.2B capacity through Sept 2023.

## SEC filing metadata
- accession: 0001690820-22-000312
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000169082022000312/0001690820-22-000312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000169082022000312/cvna-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001690820-22-000312
- JSON: https://secwatch.observer/filing/0001690820-22-000312.json
- Plain text: https://secwatch.observer/filing/0001690820-22-000312.txt

## Key facts
- Earnings Releases
  CARVANA CO. reported the fiscal quarter ended September 30, 2022 results: revenue $3.386 billion, EPS $2.67.
  - Period: the fiscal quarter ended September 30, 2022
  - Revenue: $3.386 billion
  - EPS: $2.67
  - Result: reported results
  source text: are versus Q3 2021, unless otherwise noted. Complete financial tables appear at the end of this letter. • Retail units sold totaled 102,570 a decrease of 8% • Revenue totaled $3.386 billion, a decrease of 3% • Total gross profit was $359 million, a decrease of 31% • Total gross profit per unit was $3,500, a decrease of $1,172 • Total gross profit per unit, excluding
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690820/000169082022000312/0001690820-22-000312-index.htm

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