{"schema_version":"secwatch.filing_event.v1","accession":"0001690820-23-000050","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.161114+00:00","generated_at":"2026-06-19T02:53:27.088927+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Carvana Q4 net loss margin -50.8%; retail units -23% YoY; guides for >$1B SG&A cut by Q2 2023","bullets":["Q4 retail units 86,977 (-23% YoY); revenue $2.84B (-24%); total GPU $2,219 (down $2,347).","FY 2022 net loss margin -21.3% vs -2.2% in 2021; Adjusted EBITDA margin -7.7% vs +0.5%.","Expects to complete >$1B annualized SG&A reduction by Q2 2023 vs Q1 2022; targets >$4,000 GPU.","Renewed Ally forward flow for up to $4.0B loans; closed ~$360M prime securitization in Feb 2023.","FY 2023 capex guidance reduced to $100-125M; no meaningful new markets planned in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001690820-23-000050","json":"https://secwatch.observer/filing/0001690820-23-000050.json","markdown":"https://secwatch.observer/filing/0001690820-23-000050.md","text":"https://secwatch.observer/filing/0001690820-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000050/0001690820-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000050/cvna-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T02:53:27.088927+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8ec692d7d7ca670179d8dab631ec5a3281db1fd3","claim":"CARVANA CO. reported Q4 2022 results: revenue $2.837 billion, EPS $7.61. Guidance initiated.","evidence_excerpt":"Revenue totaled $2.837 billion, a decrease of 24% • Total gross profit was $193 million, a decrease of 63% • Total gross profit per unit (“GPU”) was $2,219, a decrease of $2,347 ◦ Total GPU, excluding depreciation, amortization, share-based compensation, Root warrant revenue, and restructuring expenses (“Non-GAAP Total GPU”), was $2,667 • Net loss margin was (50.8%), a decrease from (4.8%) • Adjusted EBITDA margin 1 was (10.3%) a decrease from (1.4%) • Basic and diluted net loss, per Class A share was $7.61 based on 106 million shares of Class A common stock outstanding","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000050/0001690820-23-000050-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2022"},{"label":"Revenue","value":"$2.837 billion"},{"label":"EPS","value":"$7.61"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9ab0230ee52d2bb41dfcb13c36e9812e0f863ad9","claim":"CARVANA CO. reported FY 2022 results: revenue $13.604 billion, EPS $15.74. Guidance initiated.","evidence_excerpt":"Revenue totaled $13.604 billion, an increase of 6% • Total gross profit was $1.246 billion, a decrease of 35% • Total gross profit per unit was $3,022, a decrease of $1,515 ◦ Non-GAAP Total GPU (defined above) was $3,337 • Net loss margin was (21.3%), a decrease from (2.2%) • Adjusted EBITDA margin 1 was (7.7%), a decrease from 0.5% • Basic and diluted net loss, per Class A share was $15.74 based on 101 million shares of Class A common stock outstanding","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000050/0001690820-23-000050-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY 2022"},{"label":"Revenue","value":"$13.604 billion"},{"label":"EPS","value":"$15.74"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}