v3.25.2
Condensed Consolidated Statements Of Stockholders' Equity (Deficit) - USD ($)
shares in Thousands, $ in Millions
Total
Carvana Group
Additional Paid-in Capital
Additional Paid-in Capital
Carvana Group
Accumulated Deficit
Non-controlling Interests
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Beginning balance (in shares) at Dec. 31, 2023               114,239   85,619
Beginning balance at Dec. 31, 2023 $ (384)   $ 1,869   $ (1,626) $ (627)   $ 0   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 49       28 21        
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises (in shares)               29    
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   (6)     6        
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   $ 1   $ 1            
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis in Carvana Group   (1)   (1)            
Contribution of Class A common stock from related party (in shares)               (1)    
Issuance of Class A common stock to settle vested RSUs (in shares)               2,272    
Options exercised (in shares)               19    
Equity-based compensation 24   24              
Ending balance (in shares) at Mar. 31, 2024               116,558   85,619
Ending balance at Mar. 31, 2024 (311)   1,887   (1,598) (600)   $ 0   $ 0
Beginning balance (in shares) at Dec. 31, 2023               114,239   85,619
Beginning balance at Dec. 31, 2023 (384)   1,869   (1,626) (627)   $ 0   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 97                  
Ending balance (in shares) at Jun. 30, 2024               121,054   85,619
Ending balance at Jun. 30, 2024 115   2,106   (1,580) (411)   $ 0   $ 0
Beginning balance (in shares) at Mar. 31, 2024               116,558   85,619
Beginning balance at Mar. 31, 2024 (311)   1,887   (1,598) (600)   $ 0   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 48       18 30        
Issuance of Class A common stock, net of underwriters' discounts and commissions and offering expenses (in shares)               3,047    
Issuance of Class A common stock, net of underwriters' discounts and commissions and offering expenses 347   347              
Adjustments to the non-controlling interests related to equity offering 0   (155)     155        
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises (in shares)               73    
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   (4)     4        
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   25   25            
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis in Carvana Group   (25)   (25)            
Issuance of Class A common stock to settle vested RSUs (in shares)               1,172    
Issuance of Class A common stock under ESPP (in shares)               6    
Issuance of Class A common stock under ESPP 1   1              
Options exercised (in shares)               198    
Options exercised 3   3              
Equity-based compensation 27   27              
Ending balance (in shares) at Jun. 30, 2024               121,054   85,619
Ending balance at Jun. 30, 2024 115   2,106   (1,580) (411)   $ 0   $ 0
Beginning balance (in shares) at Dec. 31, 2024             133,271 133,271 79,119 79,119
Beginning balance at Dec. 31, 2024 1,375   2,676   (1,416) 115   $ 0   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 373       216 157        
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises (in shares)               55    
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   1     (1)        
Tax payments made on behalf of non-controlling members (2)         (2)        
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   3   3            
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis in Carvana Group   (3)   (3)            
Issuance of Class A common stock to settle vested RSUs (in shares)               926    
RSUs surrendered in lieu of withholding taxes (4)   (4)              
Options exercised (in shares)               147    
Options exercised 5   5              
Equity-based compensation 26   26              
Ending balance (in shares) at Mar. 31, 2025               134,399   79,119
Ending balance at Mar. 31, 2025 1,773   2,704   (1,200) 269   $ 0   $ 0
Beginning balance (in shares) at Dec. 31, 2024             133,271 133,271 79,119 79,119
Beginning balance at Dec. 31, 2024 1,375   2,676   (1,416) 115   $ 0   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 681                  
Ending balance (in shares) at Jun. 30, 2025             136,498 136,498 78,465 78,465
Ending balance at Jun. 30, 2025 2,117   2,747   (1,017) 387   $ 0   $ 0
Beginning balance (in shares) at Mar. 31, 2025               134,399   79,119
Beginning balance at Mar. 31, 2025 1,773   2,704   (1,200) 269   $ 0   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 308       183 125        
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises (in shares)               816   (654)
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   5     (5)        
Tax payments made on behalf of non-controlling members (2)         (2)        
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   64   64            
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis in Carvana Group   $ (64)   $ (64)            
Issuance of Class A common stock to settle vested RSUs (in shares)               695    
Issuance of Class A common stock under ESPP (in shares)               3    
Issuance of Class A common stock under ESPP 1   1              
RSUs surrendered in lieu of withholding taxes (9)   (9)              
Options exercised (in shares)               585    
Options exercised 16   16              
Equity-based compensation 30   30              
Ending balance (in shares) at Jun. 30, 2025             136,498 136,498 78,465 78,465
Ending balance at Jun. 30, 2025 $ 2,117   $ 2,747   $ (1,017) $ 387   $ 0   $ 0