secwatch.observer — SEC 8-K summary
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Issuer:     CARVANA CO. (CVNA)
CIK:        0001690820
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001690820-24-000344
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carvana Q3 net income $148M; record Adj EBITDA $429M; guides FY24 above $1.0-1.2B
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- Retail units sold 108,651 (+34% YoY); revenue $3.655B (+32% YoY).
- Record GAAP operating income $337M (+$289M YoY); net income margin 4.0%.
- Adjusted EBITDA $429M (record 11.7% margin); FY24 guidance raised significantly above prior $1.0-1.2B.
- GPU $7,427 (GAAP) and $7,685 (non-GAAP) both company records; SG&A per unit down $1,030 YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690820/000169082024000344/0001690820-24-000344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690820/000169082024000344/cvna-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001690820-24-000344

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