{"schema_version":"secwatch.filing_event.v1","accession":"0001690820-26-000034","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.743195+00:00","generated_at":"2026-05-15T02:17:33.366385+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 Q1 2026: Record revenue $6.43B, net income $405M, adj. EBITDA $672M","bullets":["Retail units sold 187,393 (+40% YoY), setting a Q1 record; revenue up 52% to $6.432B.","GAAP net income $405M (6.3% margin); adjusted EBITDA $672M (10.4% margin); both all-time Q1 records.","GAAP operating income $581M, up $187M YoY; diluted EPS $1.69 on 148M shares.","Net income includes $42M negative impact from warrant fair value changes.","Outlook: Expects sequential Q2 records in both retail units and adjusted EBITDA; FY 2026 growth on track."],"urls":{"canonical":"https://secwatch.observer/filing/0001690820-26-000034","json":"https://secwatch.observer/filing/0001690820-26-000034.json","markdown":"https://secwatch.observer/filing/0001690820-26-000034.md","text":"https://secwatch.observer/filing/0001690820-26-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000169082026000034/0001690820-26-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000169082026000034/cvna-20260429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:17:33.366385+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":[{"claim_id":"e2c1585cac280864e402d326176ddda66336ad09","claim":"CARVANA CO. reported the fiscal quarter ended March 31, 2026 results: revenue $6.432 billion, net income $405 million, EPS Basic and diluted net earnings per Class A share were $1.75 and $1.69.","evidence_excerpt":"are versus Q1 2025 unless otherwise noted. Complete financial tables appear at the end of this letter. • Retail units sold totaled 187,393, an increase of 40% • Revenue totaled $6.432 billion, an increase of 52% • Total Gross profit was $1.271 billion, an increase of 37% • Total Gross profit per unit (\"GPU\") was $6,783, a decrease of $155 • Non-GAAP Total GPU was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000169082026000034/0001690820-26-000034-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2026"},{"label":"Revenue","value":"$6.432 billion"},{"label":"Net income","value":"$405 million"},{"label":"EPS","value":"Basic and diluted net earnings per Class A share were $1.75 and $1.69"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}