{"schema_version":"secwatch.filing_event.v1","accession":"0001690820-24-000164","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.623107+00:00","generated_at":"2026-06-03T03:01:43.403601+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 income $49M (1.6% margin), record Adj EBITDA $235M, units +16% YoY","bullets":["Retail units sold 91,878 (+16% YoY); revenue $3.061B (+17% YoY).","Net income $49M (1.6% margin) vs. -11% margin a year ago; GAAP operating income $134M record.","Adjusted EBITDA $235M (7.7% margin), record; now exceeds capex and interest expense.","Total GPU $6,432 (+$2,129 YoY); Non-GAAP GPU $6,802 (+$2,006 YoY); record.","Expects sequential increases in YoY unit growth and Adj EBITDA in Q2; reaffirms FY2024 outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0001690820-24-000164","json":"https://secwatch.observer/filing/0001690820-24-000164.json","markdown":"https://secwatch.observer/filing/0001690820-24-000164.md","text":"https://secwatch.observer/filing/0001690820-24-000164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000169082024000164/0001690820-24-000164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000169082024000164/cvna-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:01:43.403601+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":"7dc166dfb1bf514f71181d1ad50c191682ada3d5","claim":"CARVANA CO. reported fiscal quarter ended March 31, 2024 results: revenue $3.061 billion, net income $49 million, EPS $0.24. Guidance reaffirmed.","evidence_excerpt":"are versus Q1 2023 unless otherwise noted. Complete financial tables appear at the end of this letter. • Retail units sold totaled 91,878, an increase of 16% • Revenue totaled $3.061 billion, an increase of 17% • Total gross profit was $591 million, an increase of 73% • Total gross profit per unit (“GPU”) was $6,432, an increase of $2,129 • Non-GAAP Total GPU was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000169082024000164/0001690820-24-000164-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$3.061 billion"},{"label":"Net income","value":"$49 million"},{"label":"EPS","value":"$0.24"},{"label":"Guidance","value":"reaffirmed"},{"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"}