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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 3,410 $ 2,968 $ 6,471 $ 5,574
Cost of sales, including $2, $1, $3 and $2, respectively, to related parties 2,695 2,469 5,165 4,734
Gross profit 715 499 1,306 840 CloseClose
Selling, general and administrative expenses, including $8, $10, $15 and $18, respectively, to related parties 455 452 911 924 CloseClose
Other operating expense, net 1 5 2 6 CloseCloseClose
Total Operating Expenses 456.0 457.0 913.0 930.0 0.0 Close
Operating income (loss) 259 42 393 (90) CloseClose
Interest expense 173 155 346 314 CloseClose
Loss on debt extinguishment 2 0 2 0 CloseClose
Total Other Income Expenses 210.0 147.0 296.0 303.0 0.0 Close
Other expense (income), net 35 (8) (52) (11) CloseCloseCloseClose
Net income (loss) before income taxes 49 (105) 97 (393) CloseCloseClose
Income tax provision (benefit) 1 0 0 (2) CloseClose
Net income (loss) 48 (105) 97 (391) CloseClose
Net income (loss) attributable to non-controlling interests 30 (47) 51 (173)
Net income (loss) attributable to Carvana Co. $ 18 $ (58) $ 46 $ (218)
Class A Common Stock        
Sales and operating revenues:        
Net earnings (loss) per share of Class A common stock, basic (in dollars per share) $ 0.15 $ (0.55) $ 0.39 $ (2.05)
Net earnings (loss) per share of Class A common stock, diluted (in dollars per share) $ 0.14 $ (0.55) $ 0.36 $ (2.05)
Weighted-average shares of Class A common stock, basic (in shares) 118,930 106,222 117,614 106,117
Weighted-average shares of Class A common stock, diluted (in shares) 128,465 106,222 126,756 106,117
Retail vehicle sales, net        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 2,411 $ 1,961 $ 4,586 $ 3,788
Wholesale sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties 720 777 1,377 1,395
Other sales and revenues        
Sales and operating revenues:        
Net sales and operating revenues, from related parties $ 279 $ 230 $ 508 $ 391