XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 5,647 $ 3,655 $ 14,719 $ 10,126
Cost of sales, including $3, $2, $10 and $7, respectively, to related parties 4,499 2,848 11,578 8,013
Gross profit 1,148 807 3,141 2,113
Selling, general and administrative expenses, including $9, $7, $24 and $22, respectively, to related parties 595 469 1,681 1,380
Other operating expense, net 1 1 3 3
Operating income 552 337 1,457 730
Interest expense, net 125 157 407 503
Loss on debt extinguishment 14 4 16 6
Other expense (income), net 154 29 92 (23)
Net income before income taxes 259 147 942 244
Income tax benefit (4) (1) (2) (1)
Net income 263 148 944 245
Net income attributable to non-controlling interests 112 63 394 114
Net income attributable to Carvana Co. $ 151 $ 85 $ 550 $ 131
Class A Common Stock        
Sales and operating revenues:        
Net earnings per share of Class A common stock - basic (in dollars per share) $ 1.08 $ 0.69 $ 4.04 $ 1.09
Net earnings per share of Class A common stock - diluted (in dollars per share) $ 1.03 $ 0.64 $ 3.82 $ 1.01
Weighted-average shares of Class A common stock outstanding - basic (in shares) 139,213 123,883 136,247 119,719
Weighted-average shares of Class A common stock outstanding - diluted (in shares) 146,274 133,555 144,100 129,253
Retail vehicle sales, net        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 3,996 $ 2,543 $ 10,381 $ 7,129
Wholesale sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties 1,177 786 3,064 2,163
Other sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 474 $ 326 $ 1,274 $ 834