---
schema_version: "secwatch.filing_event.v1"
accession: "0001690820-24-000232"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2024-06-06T23:59:59+00:00"
generated_at: "2026-06-01T05:56:12.665487+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carvana repurchases $250M of notes, sells 3M shares for $350M, reaffirms Q2 outlook

## Summary
- Repurchased $250M face of 9%/12% Senior Secured Notes due 2028 for $259M (~103.4% avg price, or 100.4% incl. PIK benefit).
- Sold ~3M Class A shares via ATM at avg $114.85, gross proceeds ~$350M.
- Reaffirms Q2 outlook: sequential increase in YoY retail unit growth and sequential increase in Adj. EBITDA.
- Terminated Tax Asset Preservation Plan and eliminated Series B Preferred Stock as of June 4-5, 2024.

## SEC filing metadata
- accession: 0001690820-24-000232
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2024-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000232/0001690820-24-000232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000232/cvna-20240603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001690820-24-000232
- JSON: https://secwatch.observer/filing/0001690820-24-000232.json
- Plain text: https://secwatch.observer/filing/0001690820-24-000232.txt

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