secwatch.observer — SEC 8-K summary
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Issuer:     CARVANA CO. (CVNA)
CIK:        0001690820
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001690820-24-000164
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carvana Q1 net income $49M (1.6% margin), record Adj EBITDA $235M, units +16% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690820/000169082024000164/0001690820-24-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690820/000169082024000164/cvna-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001690820-24-000164

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