{"schema_version":"secwatch.filing_event.v1","accession":"0001690820-23-000321","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.072107+00:00","generated_at":"2026-06-09T00:35:40.018659+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Carvana Q3 net income $741M, Adj. EBITDA $148M, GPU record $5,952, revenue $2.773B","bullets":["Retail units 80,987 (-21% YoY); sequential growth 6% with $400/unit SG&A reduction.","Net income aided by ~$878M gain on debt extinguishment from exchange of $5.52B notes.","Debt exchange reduced total debt by over $1.325B; interest savings >$455M/year.","Q4 outlook: sequential unit decline; Non-GAAP GPU >$5,000; positive Adj. EBITDA.","Record Q3 Total GPU $5,952 (+70% YoY); Non-GAAP Total GPU $6,396."],"urls":{"canonical":"https://secwatch.observer/filing/0001690820-23-000321","json":"https://secwatch.observer/filing/0001690820-23-000321.json","markdown":"https://secwatch.observer/filing/0001690820-23-000321.md","text":"https://secwatch.observer/filing/0001690820-23-000321.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000321/0001690820-23-000321-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000321/cvna-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T00:35:40.018659+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":"4f89e2608e02d9b8d3c880d6485dbef624acaff4","claim":"CARVANA CO. reported fiscal quarter ended September 30, 2023 results: revenue $2.773 billion, net income $741 million, EPS $3.60.","evidence_excerpt":"are versus Q3 2022, unless otherwise noted. Complete financial tables appear at the end of this letter. • Retail units sold totaled 80,987, a decrease of 21% • Revenue totaled $2.773 billion, a decrease of 18% • Total gross profit was $482 million, an increase of 34% • Total gross profit per unit (“GPU”) was $5,952, an increase of $2,452 • Non-GAAP Total GPU was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000321/0001690820-23-000321-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended September 30, 2023"},{"label":"Revenue","value":"$2.773 billion"},{"label":"Net income","value":"$741 million"},{"label":"EPS","value":"$3.60"},{"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"}