secwatch.observer — SEC 8-K summary
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Issuer:     CARVANA CO. (CVNA)
CIK:        0001690820
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001690820-24-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690820/000169082024000091/0001690820-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690820/000169082024000091/cvna-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001690820-24-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer