v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 8,040 $ 5,647 $ 21,848 $ 14,719
Cost of sales, including $4, $3, $13 and $10, respectively, to related parties 6,519 4,499 17,672 11,578
Gross profit 1,521 1,148 4,176 3,141
Selling, general and administrative expenses, including $12, $9, $34 and $24, respectively, to related parties 805 595 2,199 1,681
Other operating expense, net 2 1 2 3
Operating income 714 552 1,975 1,457
Interest expense, net 98 125 298 407
Loss on debt extinguishment 53 14 53 16
Other expense, net 11 154 52 92
Net income before income taxes 552 259 1,572 942
Income tax provision (benefit) 69 (4) 171 (2)
Net income 483 263 1,401 944
Net income attributable to non-controlling interests 194 112 552 394
Net income attributable to Carvana Co. $ 289 $ 151 $ 849 $ 550
Weighted-average shares of Class A common stock outstanding - basic (in shares) 720,857 696,066 717,456 681,236
Weighted-average shares of Class A common stock outstanding - diluted (in shares) 739,910 731,374 740,051 720,501
Class A Common Stock        
Sales and operating revenues:        
Net earnings per share of Class A common stock - basic (in dollars per share) $ 0.40 $ 0.22 $ 1.18 $ 0.81
Net earnings per share of Class A common stock - diluted (in dollars per share) $ 0.39 $ 0.21 $ 1.15 $ 0.76
Weighted-average shares of Class A common stock outstanding - basic (in shares) 720,857 696,066 717,456 681,236
Weighted-average shares of Class A common stock outstanding - diluted (in shares) 739,910 731,374 740,051 720,501
Retail vehicle sales, net        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 6,144 $ 3,996 $ 16,479 $ 10,381
Wholesale sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties 1,302 1,177 3,723 3,064
Other sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 594 $ 474 $ 1,646 $ 1,274