{"schema_version":"secwatch.filing_event.v1","accession":"0001690820-23-000162","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.060617+00:00","generated_at":"2026-06-15T22:21:59.593305+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Carvana Q1 net loss narrows, GPU record, expects positive EBITDA in Q2 2023","bullets":["Revenue $2.606B (-25% YoY); retail units 79,240 (-25% YoY); net loss $1.51/share.","Total GPU $4,303 (+52% YoY); Non-GAAP GPU $4,796 (+61% YoY); best Q1.","Adjusted EBITDA margin improved to (0.9)% from (10.3)% in Q4 2022; expects positive Adj EBITDA in Q2.","Completed $1B annualized SG&A reduction one quarter early; Non-GAAP SG&A down $119M sequentially.","Since Q2 start, sold/securitized ~$1.3B loan principal; inventory down 55% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001690820-23-000162","json":"https://secwatch.observer/filing/0001690820-23-000162.json","markdown":"https://secwatch.observer/filing/0001690820-23-000162.md","text":"https://secwatch.observer/filing/0001690820-23-000162.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000162/0001690820-23-000162-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000162/cvna-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:21:59.593305+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":"a390023b34ebfd14a38b14aa830fd259168c08d1","claim":"CARVANA CO. reported the fiscal quarter ended March 31, 2023 results: revenue $2.606 billion, EPS $1.51.","evidence_excerpt":"are versus Q1 2022, unless otherwise noted. Complete financial tables appear at the end of this letter. • Retail units sold totaled 79,240, a decrease of 25% • Revenue totaled $2.606 billion, a decrease of 25% • Total gross profit was $341 million, an increase of 14% • Total gross profit per unit (“GPU”) was $4,303, an increase of $1,470 • Non-GAAP Total GPU was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000162/0001690820-23-000162-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$2.606 billion"},{"label":"EPS","value":"$1.51"},{"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"}