v3.25.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule Of Sale Of Stock The following table summarizes the activity under the ATM Program for the three and six months ended June 30, 2024.
Three and Six Months Ended June 30, 2024
(in millions, except share and per share amounts)
Shares of Class A common stock issued3,047,468 
Weighted-average issuance price per share$114.85 
Gross proceeds (1)
$350 
(1) Net proceeds were $347 million after deducting $3 million of commissions and other offering expenses incurred.
Schedule of Conversions of Stock
The exchanges affected pursuant to the Exchange Agreement during the three and six months ended June 30, 2025 and 2024 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in thousands)
LLC Units exchanged by certain LLC Unitholders
1,021 97 1,090 136 
Shares of Class B common stock retired
655 — 655 — 
Newly issued Class A common stock
816 73 871 102 
LLC Units received by Carvana Co.
1,020 91 1,088 128