secwatch.observer — SEC 8-K summary
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Issuer:     CARVANA CO. (CVNA)
CIK:        0001690820
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001690820-25-000352
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carvana reports record Q3: revenue $5.65B (+55% YoY), net income $263M, Adj. EBITDA $637M, guidance raised
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- Record units sold 155,941 (+44% YoY); revenue $5.647B (+55% YoY), crossing $20B annual run rate.
- Net income $263M (margin 4.7%); GAAP operating income $552M (margin 9.8%), both all-time records.
- Adjusted EBITDA $637M (margin 11.3%); Q4 units >150k; FY25 Adj. EBITDA at/above $2.0-2.2B guidance.
- Net income includes -$120M impact from decline in Root warrants fair value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690820/000169082025000352/0001690820-25-000352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690820/000169082025000352/cvna-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001690820-25-000352

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