---
schema_version: "secwatch.filing_event.v1"
accession: "0001690820-25-000310"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T23:06:41.182547+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Carvana Q2 record: 143k units (+41% YoY), net income $308M, Adj EBITDA $601M

## Summary
- Retail units sold 143,280 (+41% YoY), revenue $4.84B (+42% YoY).
- Net income $308M (margin 6.4%) vs $48M a year ago; GAAP op income $511M.
- Adjusted EBITDA $601M (12.4% margin), +70% YoY.
- Full year 2025 Adj EBITDA guidance raised to $2.0-2.2B from $1.38B in 2024.
- Expects sequential increase in retail units in Q3 2025.

## SEC filing metadata
- accession: 0001690820-25-000310
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000169082025000310/0001690820-25-000310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000169082025000310/cvna-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001690820-25-000310
- JSON: https://secwatch.observer/filing/0001690820-25-000310.json
- Plain text: https://secwatch.observer/filing/0001690820-25-000310.txt

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