{"schema_version":"secwatch.filing_event.v1","accession":"0001690820-26-000008","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2026-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.902416+00:00","generated_at":"2026-05-16T02:06:40.906701+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Carvana Q4/FY2025: record 596.6K units sold (+43% YoY), revenue $20.3B (+49%), Adj EBITDA $2.237B","bullets":["Record FY2025 net income of $1.895B (incl. ~$685M non-cash tax benefit); GAAP operating income $1.881B, margin 9.3%.","Q4 retail units 163,522 (+43% YoY), revenue $5.603B (+58%), Adj EBITDA $511M (margin 9.1%).","FY2025 retail units 596,641 (+43% YoY), revenue $20.322B (+49%), Adj EBITDA $2.237B (margin 11.0%).","Guidance expects significant growth in retail units and Adj EBITDA in FY2026; sequential increase in Q1 2026.","Long-term target: 3M retail units/year at 13.5% Adj EBITDA margin by 2030-2035."],"urls":{"canonical":"https://secwatch.observer/filing/0001690820-26-000008","json":"https://secwatch.observer/filing/0001690820-26-000008.json","markdown":"https://secwatch.observer/filing/0001690820-26-000008.md","text":"https://secwatch.observer/filing/0001690820-26-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000169082026000008/0001690820-26-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000169082026000008/cvna-20260218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:06:40.906701+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}