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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Sales and operating revenues:      
Net sales and operating revenues $ 10,771 $ 13,604 $ 12,814
Cost of sales, including $4, $22, and $65, respectively, to related parties 9,047 12,358 10,885
Gross profit 1,724 1,246 1,929 Close
Selling, general and administrative expenses, including $33, $33, and $27, respectively, to related parties 1,796 2,736 2,033
Goodwill impairment 0 847 0
Interest expense 632 486 176
Gain on debt extinguishment (878) 0 0
Other (income) expense, net (1) 70 6 Close
Net income (loss) before income taxes 175 (2,893) (286) Close
Income tax provision 25 1 1 Close
Net income (loss) 150 (2,894) (287) Close
Net loss attributable to non-controlling interests (300) (1,307) (152)
Net income (loss) attributable to Carvana Co. 450 (1,587) (135)
Net loss attributable to Class A common stockholders, basic 450 (1,587) (135)
Net loss attributable to Class A common stockholders, diluted $ 450 $ (1,587) $ (135)
Net earnings (loss) per share of Class A common stock, basic (in dollars per share) $ 4.12 $ (15.74) $ (1.63)
Net earnings (loss) per share of Class A common stock, diluted (in dollars per share) $ 0.75 $ (15.74) $ (1.63)
Weighted-average shares of Class A common stock, basic (in shares) 109,323 100,828 82,805
Weighted-average shares of Class A common stock, diluted (in shares) 200,578 100,828 82,805
Related Party      
Sales and operating revenues:      
Cost of sales, including $4, $22, and $65, respectively, to related parties $ 4 $ 22 $ 65
Selling, general and administrative expenses, including $33, $33, and $27, respectively, to related parties $ 33 $ 33 $ 27
Class A      
Sales and operating revenues:      
Net earnings (loss) per share of Class A common stock, basic (in dollars per share) $ 4.12 $ (15.74) $ (1.63)
Net earnings (loss) per share of Class A common stock, diluted (in dollars per share) $ 0.75 $ (15.74) $ (1.63)
Weighted-average shares of Class A common stock, basic (in shares) [1] 109,323 100,828 82,805
Weighted-average shares of Class A common stock, diluted (in shares) 200,578 100,828 82,805
Retail vehicle sales, net      
Sales and operating revenues:      
Net sales and operating revenues $ 7,514 $ 10,254 $ 9,851
Wholesale sales and revenues      
Sales and operating revenues:      
Net sales and operating revenues 2,504 2,609 1,920
Wholesale sales and revenues | Related Party      
Sales and operating revenues:      
Net sales and operating revenues 19 32 54
Other sales and revenues      
Sales and operating revenues:      
Net sales and operating revenues 753 741 1,043
Other sales and revenues | Related Party      
Sales and operating revenues:      
Net sales and operating revenues $ 145 $ 176 $ 208
[1] Weighted-average shares of Class A common stock outstanding - basic have been adjusted for unvested restricted stock awards.