v3.26.3
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Carvana Group
Additional Paid-in Capital
Additional Paid-in Capital
Carvana Group
Accumulated Other Comprehensive Income
(Accumulated Deficit) Retained Earnings
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, 2024                 666,354   395,597
Beginning balance at Dec. 31, 2024 $ 1,375   $ 2,675   $ 0 $ (1,416) $ 115   $ 1   $ 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)                 273    
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)                 4,629    
RSUs surrendered in lieu of withholding taxes (4)   (4)                
Options exercised (in shares)                 738    
Options exercised 5   5                
Equity-based compensation 26   26                
Ending balance (in shares) at Mar. 31, 2025                 671,994   395,597
Ending balance at Mar. 31, 2025 1,773   2,703   0 (1,200) 269   $ 1   $ 0
Beginning balance (in shares) at Dec. 31, 2024                 666,354   395,597
Beginning balance at Dec. 31, 2024 1,375   2,675   0 (1,416) 115   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 944                    
Other comprehensive income 0                    
Ending balance (in shares) at Sep. 30, 2025                 705,888   380,597
Ending balance at Sep. 30, 2025 2,951   3,144   0 (866) 672   $ 1   $ 0
Beginning balance (in shares) at Mar. 31, 2025                 671,994   395,597
Beginning balance at Mar. 31, 2025 1,773   2,703   0 (1,200) 269   $ 1   $ 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)                 4,080   (3,275)
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)                 3,476    
Issuance of Class A common stock under ESPP (in shares)                 15    
Issuance of Class A common stock under ESPP 1   1                
RSUs surrendered in lieu of withholding taxes (9)   (9)                
Options exercised (in shares)                 2,925    
Options exercised 16   16                
Equity-based compensation 30   30                
Ending balance (in shares) at Jun. 30, 2025                 682,490   392,322
Ending balance at Jun. 30, 2025 2,117   2,746   0 (1,017) 387   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 263         151 112        
Other comprehensive income 0                    
Issuance of Class A common stock, net of underwriters' discounts and commissions and offering expenses (in shares)                 7,382    
Issuance of Class A common stock, net of underwriters' discounts and commissions and offering expenses 536   536                
Adjustments to the non-controlling interests related to equity offering 0   (187)       187        
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises (in shares)                 11,841   (11,725)
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   14       (14)        
Establishment of deferred tax assets related to increases in tax basis in Carvana Group   $ 209   $ 209              
Establishment of valuation allowance related to deferred tax assets associated with increases in tax basis in Carvana Group   $ (209)   $ (209)              
Issuance of Class A common stock to settle vested RSUs (in shares)                 3,171    
RSUs surrendered in lieu of withholding taxes (8)   (8)                
Options exercised (in shares)                 1,004    
Options exercised 16   16                
Equity-based compensation 27   27                
Ending balance (in shares) at Sep. 30, 2025                 705,888   380,597
Ending balance at Sep. 30, 2025 2,951   3,144   0 (866) 672   $ 1   $ 0
Beginning balance (in shares) at Dec. 31, 2025               711,148 711,148 380,547 380,547
Beginning balance at Dec. 31, 2025 4,203   3,449   0 (9) 762   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 405         250 155        
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises (in shares)                 133    
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   3       (3)        
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 2   2                
Issuance of Class A common stock to settle vested RSUs (in shares)                 3,315    
RSUs surrendered in lieu of withholding taxes (8)   (8)                
Options exercised (in shares)                 423    
Options exercised 1   1                
Equity-based compensation 31   31                
Ending balance (in shares) at Mar. 31, 2026                 715,019   380,547
Ending balance at Mar. 31, 2026 4,632   3,478   0 241 912   $ 1   $ 0
Beginning balance (in shares) at Dec. 31, 2025               711,148 711,148 380,547 380,547
Beginning balance at Dec. 31, 2025 4,203   3,449   0 (9) 762   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 1,401                    
Other comprehensive income 13                    
Ending balance (in shares) at Sep. 30, 2026               721,812 721,812 380,547 380,547
Ending balance at Sep. 30, 2026 5,653   3,498   13 840 1,301   $ 1   $ 0
Beginning balance (in shares) at Mar. 31, 2026                 715,019   380,547
Beginning balance at Mar. 31, 2026 4,632   3,478   0 241 912   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 513         310 203        
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   3       (3)        
Tax payments made on behalf of non-controlling members (2)           (2)        
Issuance of Class A common stock to settle vested RSUs (in shares)                 3,566    
Issuance of Class A common stock under ESPP (in shares)                 22    
Issuance of Class A common stock under ESPP 2   2                
RSUs surrendered in lieu of withholding taxes (36)   (36)                
Options exercised (in shares)                 371    
Options exercised 1   1                
Equity-based compensation 28   28                
Ending balance (in shares) at Jun. 30, 2026                 718,978   380,547
Ending balance at Jun. 30, 2026 5,138   3,476   0 551 1,110   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 483         289 194        
Other comprehensive income 13       13            
Exchanges of LLC Units and adjustments to non-controlling interests related to RSU vesting and NQSO exercises 0   3       (3)        
Issuance of Class A common stock to settle vested RSUs (in shares)                 2,564    
RSUs surrendered in lieu of withholding taxes (8)   (8)                
Options exercised (in shares)                 270    
Options exercised 1   1                
Equity-based compensation 26   26                
Ending balance (in shares) at Sep. 30, 2026               721,812 721,812 380,547 380,547
Ending balance at Sep. 30, 2026 $ 5,653   $ 3,498   $ 13 $ 840 $ 1,301   $ 1   $ 0