v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 4,840 $ 3,410 $ 9,072 $ 6,471
Cost of sales, including $4, $3, $7 and $5, respectively, to related parties 3,776 2,695 7,079 5,165
Gross profit 1,064 715 1,993 1,306
Selling, general and administrative expenses, including $8, $8, $15 and $15, respectively, to related parties 551 455 1,086 911
Other operating expense, net 2 1 2 2
Operating income 511 259 905 393
Interest expense, net 143 173 282 346
Loss on debt extinguishment 0 2 2 2
Other expense (income), net 60 35 (62) (52)
Net income before income taxes 308 49 683 97
Income tax provision 0 1 2 0
Net income 308 48 681 97
Net income attributable to non-controlling interests 125 30 282 51
Net income attributable to Carvana Co. $ 183 $ 18 $ 399 $ 46
Class A Common Stock        
Sales and operating revenues:        
Net earnings per share of Class A common stock - basic (in dollars per share) $ 1.35 $ 0.15 $ 2.96 $ 0.39
Net earnings per share of Class A common stock - diluted (in dollars per share) $ 1.28 $ 0.14 $ 2.79 $ 0.36
Weighted-average shares of Class A common stock outstanding - basic (in shares) 135,414 118,930 134,740 117,614
Weighted-average shares of Class A common stock outstanding - diluted (in shares) 143,230 128,465 142,923 126,756
Retail vehicle sales, net        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 3,405 $ 2,411 $ 6,385 $ 4,586
Wholesale sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties 1,024 720 1,887 1,377
Other sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 411 $ 279 $ 800 $ 508