---
schema_version: "secwatch.filing_event.v1"
accession: "0001690820-24-000091"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:40:17.856741+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Carvana reports record net income $150M, adjusted EBITDA $339M for FY 2023

## Summary
- FY 2023 net income $150M (vs loss in 2022); adjusted EBITDA $339M, both records.
- Record GAAP GPU $5,511 (+$2,489 YoY); non-GAAP GPU $5,984 (+$2,647 YoY).
- Q4 2023 retail units 76,090 (-13% YoY); revenue $2.424B (-15% YoY).
- Q1 2024 guidance: adjusted EBITDA significantly above $100M; retail units slightly up YoY.
- FY 2024 expects growth in retail units sold and adjusted EBITDA vs FY 2023.

## SEC filing metadata
- accession: 0001690820-24-000091
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000091/0001690820-24-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000091/cvna-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001690820-24-000091
- JSON: https://secwatch.observer/filing/0001690820-24-000091.json
- Plain text: https://secwatch.observer/filing/0001690820-24-000091.txt

## Key facts
- Earnings Releases
  CARVANA CO. reported the fiscal quarter and year ended December 31, 2023 results: revenue $2.424 billion, net income $150 million. Guidance raised.
  - Period: the fiscal quarter and year ended December 31, 2023
  - Revenue: $2.424 billion
  - Net income: $150 million
  - Guidance: raised
  - Result: reported results
  source text: are versus Q4 2022, unless otherwise noted. Complete financial tables appear at the end of this letter. • Retail units sold totaled 76,090, a decrease of 13% • Revenue totaled $2.424 billion, a decrease of 15% •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000091/0001690820-24-000091-index.htm

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