$CVNA
CARVANA CO.

2022 Q3 Form 10-Q Financial Statement

#000169082022000313 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q3
Revenue $3.386B $3.480B
YoY Change -2.7% 125.39%
Cost Of Revenue $3.027B $2.957B
YoY Change 2.37% 130.66%
Gross Profit $359.0M $523.0M
YoY Change -31.36% 99.62%
Gross Profit Margin 10.6% 15.03%
Selling, General & Admin $656.0M $546.0M
YoY Change 20.15% 102.97%
% of Gross Profit 182.73% 104.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $78.00M $26.00M
YoY Change 200.0% 39.48%
% of Gross Profit 21.73% 4.97%
Operating Expenses $656.0M $546.0M
YoY Change 20.15% 102.97%
Operating Profit -$297.0M -$23.00M
YoY Change 1191.3% 228.57%
Interest Expense $153.0M $48.00M
YoY Change 218.75% 140.0%
% of Operating Profit
Other Income/Expense, Net -$58.00M $3.000M
YoY Change -2033.33% -66.67%
Pretax Income -$508.0M -$68.00M
YoY Change 647.06% 286.36%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$283.0M -$32.00M
YoY Change 784.38% 357.14%
Net Earnings / Revenue -8.36% -0.92%
Basic Earnings Per Share -$2.67
Diluted Earnings Per Share -$2.673M -$377.5K
COMMON SHARES
Basic Shares Outstanding 105.9M shares 84.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $801.0M $665.0M
YoY Change 20.45% 35.52%
Cash & Equivalents $316.0M $297.0M
Short-Term Investments $485.0M $368.0M
Other Short-Term Assets $221.0M $143.0M
YoY Change 54.55% 100.85%
Inventory $2.577B $2.285B
Prepaid Expenses
Receivables $359.0M $178.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.469B $3.690B
YoY Change 21.11% 111.21%
LONG-TERM ASSETS
Property, Plant & Equipment $4.015B $1.606B
YoY Change 150.0% 70.52%
Goodwill $847.0M $9.000M
YoY Change 9311.11% -3.77%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $214.0M $50.00M
YoY Change 328.0% 75.36%
Total Long-Term Assets $5.152B $1.670B
YoY Change 208.5% 69.42%
TOTAL ASSETS
Total Short-Term Assets $4.469B $3.690B
Total Long-Term Assets $5.152B $1.670B
Total Assets $9.621B $5.360B
YoY Change 79.5% 96.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $292.0M $200.0M
YoY Change 46.0% 107.3%
Accrued Expenses $630.0M $421.0M
YoY Change 49.64% 93.03%
Deferred Revenue $33.00M $32.00M
YoY Change 3.13% 82.43%
Short-Term Debt $575.0M $455.0M
YoY Change 26.37% 258.27%
Long-Term Debt Due $687.0M $74.00M
YoY Change 828.38% 36.28%
Total Short-Term Liabilities $1.878B $1.261B
YoY Change 48.93% 129.78%
LONG-TERM LIABILITIES
Long-Term Debt $6.616B $3.134B
YoY Change 111.1% 189.94%
Other Long-Term Liabilities $84.00M $1.000M
YoY Change 8300.0% -33.2%
Total Long-Term Liabilities $6.700B $3.135B
YoY Change 113.72% 189.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.878B $1.261B
Total Long-Term Liabilities $6.700B $3.135B
Total Liabilities $9.247B $4.652B
YoY Change 98.77% 162.64%
SHAREHOLDERS EQUITY
Retained Earnings -$1.270B -$400.0M
YoY Change 217.5% 37.53%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $274.0M $385.0M
YoY Change
Total Liabilities & Shareholders Equity $9.621B $5.360B
YoY Change 79.5% 96.14%

Cashflow Statement

Concept 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$283.0M -$32.00M
YoY Change 784.38% 357.14%
Depreciation, Depletion And Amortization $78.00M $26.00M
YoY Change 200.0% 39.48%
Cash From Operating Activities -$98.00M -$283.0M
YoY Change -65.37% 4.32%
INVESTING ACTIVITIES
Capital Expenditures -$90.00M -$196.0M
YoY Change -54.08% 97.12%
Acquisitions
YoY Change
Other Investing Activities $47.00M $18.00M
YoY Change 161.11% 266.6%
Cash From Investing Activities -$43.00M -$178.0M
YoY Change -75.84% 88.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -579.0M 555.0M
YoY Change -204.32% 183.41%
NET CHANGE
Cash From Operating Activities -98.00M -283.0M
Cash From Investing Activities -43.00M -178.0M
Cash From Financing Activities -579.0M 555.0M
Net Change In Cash -720.0M 94.00M
YoY Change -865.96% -155.31%
FREE CASH FLOW
Cash From Operating Activities -$98.00M -$283.0M
Capital Expenditures -$90.00M -$196.0M
Free Cash Flow -$8.000M -$87.00M
YoY Change -90.8% -49.37%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001690820
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
cvna Lessee Finance Lease Extension Term
LesseeFinanceLeaseExtensionTerm
P4Y
CY2022Q3 us-gaap Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://www.carvana.com/20220930#NotesPayableCurrentAndLongTermDebtExcludingCurrentMaturitiesMember
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.0556
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-38073
dei Entity Registrant Name
EntityRegistrantName
CARVANA CO.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-4549921
cvna Common Ownership Number Of Classes
CommonOwnershipNumberOfClasses
2 class
dei Entity Address Address Line1
EntityAddressAddressLine1
300 E. Rio Salado Parkway
dei Entity Address City Or Town
EntityAddressCityOrTown
Tempe
dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85281
dei City Area Code
CityAreaCode
480
dei Local Phone Number
LocalPhoneNumber
719-8809
dei Security12b Title
Security12bTitle
Class A Common Stock, Par Value $0.001 Per Share
dei Trading Symbol
TradingSymbol
CVNA
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
316000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
403000000 usd
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
161000000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
233000000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
359000000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
206000000 usd
CY2022Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
485000000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
356000000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
2577000000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
3149000000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
350000000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
382000000 usd
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
221000000 usd
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
32000000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
163000000 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
4469000000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
4892000000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3326000000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1560000000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
689000000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
369000000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
76000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4000000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
847000000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
9000000 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
214000000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
181000000 usd
CY2022Q3 us-gaap Assets
Assets
9621000000 usd
CY2021Q4 us-gaap Assets
Assets
7015000000 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1009000000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
656000000 usd
CY2022Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
575000000 usd
CY2021Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
2053000000 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
213000000 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
152000000 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
81000000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
29000000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1878000000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2890000000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6616000000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3208000000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
669000000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
361000000 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
84000000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
31000000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
9247000000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
6490000000 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1544000000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
795000000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1270000000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-489000000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
274000000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
306000000 usd
CY2022Q3 us-gaap Minority Interest
MinorityInterest
100000000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
219000000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
374000000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
525000000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9621000000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7015000000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3386000000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3480000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10767000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9061000000 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3027000000 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2957000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
9714000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7648000000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
359000000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
523000000 usd
us-gaap Gross Profit
GrossProfit
1053000000 usd
us-gaap Gross Profit
GrossProfit
1413000000 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
656000000 usd
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
546000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2104000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1413000000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
153000000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
48000000 usd
us-gaap Interest Expense
InterestExpense
333000000 usd
us-gaap Interest Expense
InterestExpense
121000000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-58000000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-68000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000000 usd
CY2022Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-508000000 usd
CY2021Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-68000000 usd
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-1452000000 usd
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-105000000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-508000000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-68000000 usd
us-gaap Profit Loss
ProfitLoss
-1453000000 usd
us-gaap Profit Loss
ProfitLoss
-105000000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-225000000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-36000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-672000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-59000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-283000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-32000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-781000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-46000000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
802000000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-82000000 usd
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
9000000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10000000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
721000000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
45000000 usd
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8000000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1000000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
770000000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-68000000 usd
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8000000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14000000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
708000000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
525000000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-506000000 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12000000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2000000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
43000000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
52000000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-439000000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1227000000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1000000 usd
CY2022Q2 cvna Share Based Payment Arrangement Increase For Tax Withholding Obligation Net Of Adjustment
ShareBasedPaymentArrangementIncreaseForTaxWithholdingObligationNetOfAdjustment
5000000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18000000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
864000000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-508000000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1000000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1000000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18000000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
374000000 usd
us-gaap Profit Loss
ProfitLoss
-1453000000 usd
us-gaap Profit Loss
ProfitLoss
-105000000 usd
cvna Depreciation And Amortization Excluding Debt Issuance Costs
DepreciationAndAmortizationExcludingDebtIssuanceCosts
179000000 usd
cvna Depreciation And Amortization Excluding Debt Issuance Costs
DepreciationAndAmortizationExcludingDebtIssuanceCosts
72000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
57000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
28000000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-3000000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1000000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11000000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
16000000 usd
cvna Amortization And Write Off Of Debt Issuance Costs
AmortizationAndWriteOffOfDebtIssuanceCosts
20000000 usd
cvna Amortization And Write Off Of Debt Issuance Costs
AmortizationAndWriteOffOfDebtIssuanceCosts
8000000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
77000000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
cvna Unrealized Gain Loss On Beneficial Interest In Securitization
UnrealizedGainLossOnBeneficialInterestInSecuritization
-1000000 usd
cvna Unrealized Gain Loss On Beneficial Interest In Securitization
UnrealizedGainLossOnBeneficialInterestInSecuritization
6000000 usd
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
5690000000 usd
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
5315000000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
5628000000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
5375000000 usd
us-gaap Gain Loss On Sales Of Consumer Loans
GainLossOnSalesOfConsumerLoans
361000000 usd
us-gaap Gain Loss On Sales Of Consumer Loans
GainLossOnSalesOfConsumerLoans
528000000 usd
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
146000000 usd
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
136000000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-638000000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1230000000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-40000000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
111000000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
75000000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
86000000 usd
cvna Increase Decreasein Accounts Payableand Accrued Liabilities Excluding Related Party
IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty
155000000 usd
cvna Increase Decreasein Accounts Payableand Accrued Liabilities Excluding Related Party
IncreaseDecreaseinAccountsPayableandAccruedLiabilitiesExcludingRelatedParty
319000000 usd
cvna Operating Lease Right Of Use Assets Payments
OperatingLeaseRightOfUseAssetsPayments
132000000 usd
cvna Operating Lease Right Of Use Assets Payments
OperatingLeaseRightOfUseAssetsPayments
117000000 usd
cvna Proceeds Operating Lease Liabilities
ProceedsOperatingLeaseLiabilities
178000000 usd
cvna Proceeds Operating Lease Liabilities
ProceedsOperatingLeaseLiabilities
121000000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-7000000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-585000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1422000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
451000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
390000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2189000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
cvna Proceeds From Principal Payments Received And Proceeds From Sale Of Beneficial Interest In Securitizations
ProceedsFromPrincipalPaymentsReceivedAndProceedsFromSaleOfBeneficialInterestInSecuritizations
72000000 usd
cvna Proceeds From Principal Payments Received And Proceeds From Sale Of Beneficial Interest In Securitizations
ProceedsFromPrincipalPaymentsReceivedAndProceedsFromSaleOfBeneficialInterestInSecuritizations
38000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2568000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-352000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10596000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
8733000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
12074000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8318000000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
3435000000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
1525000000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
111000000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
46000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
75000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
21000000 usd
cvna Proceeds From Issuance Or Sale Of Equity Excluding Stock Options
ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions
1227000000 usd
cvna Proceeds From Issuance Or Sale Of Equity Excluding Stock Options
ProceedsFromIssuanceOrSaleOfEquityExcludingStockOptions
0 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4000000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1000000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8000000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
25000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2994000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1849000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-159000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
636000000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
329000000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
477000000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
404000000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33000000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
34000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="padding-right:8pt;text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. Certain accounting estimates involve significant judgments, assumptions and estimates by management that have a material impact on the carrying value of certain assets and liabilities, disclosures of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period, which management considers to be critical accounting estimates. The judgments, assumptions and estimates used by management are based on historical experience, management’s experience, and other factors, which are believed to be reasonable under the circumstances. Because of the nature of the judgments and assumptions made by management, actual results could differ materially from these judgments and estimates, which could have a material impact on the carrying values of the Company’s assets and liabilities and the results of operations.</span></div>
CY2022Q2 cvna Business Combination Land Acres Acquired
BusinessCombinationLandAcresAcquired
4000 acre
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
45000000 usd
CY2022Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
85000000 usd
CY2022Q3 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
18000000 usd
CY2021Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
40000000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
488000000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
294000000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
102000000 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
191000000 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
292000000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
141000000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
78000000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
42000000 usd
CY2022Q3 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
58000000 usd
CY2021Q4 cvna Reserve For Returns And Cancellations Current
ReserveForReturnsAndCancellationsCurrent
44000000 usd
CY2022Q3 cvna Accrued Property Plant And Equipment Current
AccruedPropertyPlantAndEquipmentCurrent
32000000 usd
CY2021Q4 cvna Accrued Property Plant And Equipment Current
AccruedPropertyPlantAndEquipmentCurrent
85000000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
222000000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
123000000 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1009000000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
656000000 usd
cvna Transfer Of Financial Assets Accounted For As Sales Number Of Agreement Types
TransferOfFinancialAssetsAccountedForAsSalesNumberOfAgreementTypes
2 agreementtype
CY2022Q3 cvna Long Term Debt Gross Excluding Finance Leases And Senior Notes
LongTermDebtGrossExcludingFinanceLeasesAndSeniorNotes
1363000000 usd
CY2021Q4 cvna Long Term Debt Gross Excluding Finance Leases And Senior Notes
LongTermDebtGrossExcludingFinanceLeasesAndSeniorNotes
2792000000 usd
CY2022Q3 cvna Long Term Debt Gross Excluding Finance Leases
LongTermDebtGrossExcludingFinanceLeases
7088000000 usd
CY2021Q4 cvna Long Term Debt Gross Excluding Finance Leases
LongTermDebtGrossExcludingFinanceLeases
5242000000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
687000000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2154000000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
85000000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34000000 usd
CY2022Q3 cvna Long Term Debt Excluding Current Maturities And Finance Leases
LongTermDebtExcludingCurrentMaturitiesAndFinanceLeases
6316000000 usd
CY2021Q4 cvna Long Term Debt Excluding Current Maturities And Finance Leases
LongTermDebtExcludingCurrentMaturitiesAndFinanceLeases
3054000000 usd
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 cvna Common Unit Multiplier Used For Conversion Ratio
CommonUnitMultiplierUsedForConversionRatio
1.25
cvna Common Stock Conversion Ratio
CommonStockConversionRatio
1.25
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
1000000 usd
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
1000000 usd
cvna Noncontrolling Interest Increase As A Result Of Exchanges Of Llc Units
NoncontrollingInterestIncreaseAsAResultOfExchangesOfLLCUnits
32000000 usd
cvna Noncontrolling Interest Increase Decrease In Additional Paid In Capital As A Result Of Adjustments To The Noncontrolling Interests And Organizational Transactions
NoncontrollingInterestIncreaseDecreaseInAdditionalPaidInCapitalAsAResultOfAdjustmentsToTheNoncontrollingInterestsAndOrganizationalTransactions
-553000000 usd
cvna Noncontrolling Interest Increase Decrease In Additional Paid In Capital As A Result Of Adjustments To The Noncontrolling Interests And Organizational Transactions
NoncontrollingInterestIncreaseDecreaseInAdditionalPaidInCapitalAsAResultOfAdjustmentsToTheNoncontrollingInterestsAndOrganizationalTransactions
32000000 usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
18000000 usd
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
14000000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
79000000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
35000000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28000000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
167000000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-508000000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-68000000 usd
us-gaap Profit Loss
ProfitLoss
-1453000000 usd
us-gaap Profit Loss
ProfitLoss
-105000000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-225000000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-36000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-672000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-59000000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-283000000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-32000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-781000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-46000000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105857000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84779000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99134000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81427000 shares
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 usd
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
CY2022Q3 cvna Amount Of Cash Savings As A Result Of Tax Attributes Created From Sales Exchanges Percent
AmountOfCashSavingsAsAResultOfTaxAttributesCreatedFromSalesExchangesPercent
0.85
CY2022Q3 cvna Remaining Tax Benefits Percent
RemainingTaxBenefitsPercent
0.15
CY2022Q3 cvna Deferred Tax Liability Not Recognized Tax Receivable Agreement
DeferredTaxLiabilityNotRecognizedTaxReceivableAgreement
1600000000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
27000000 usd
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
11000000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
68000000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
26000000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 usd
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
13000000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 usd
CY2022Q3 cvna Finance Lease Cost
FinanceLeaseCost
32000000 usd
CY2021Q3 cvna Finance Lease Cost
FinanceLeaseCost
13000000 usd
cvna Finance Lease Cost
FinanceLeaseCost
81000000 usd
cvna Finance Lease Cost
FinanceLeaseCost
31000000 usd
CY2022Q3 cvna Fixed Lease Cost
FixedLeaseCost
26000000 usd
CY2021Q3 cvna Fixed Lease Cost
FixedLeaseCost
14000000 usd
cvna Fixed Lease Cost
FixedLeaseCost
78000000 usd
cvna Fixed Lease Cost
FixedLeaseCost
35000000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
27000000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
16000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
81000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
40000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
56000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
23000000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
13000000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
5000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
106000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35000000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
32000000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
26000000 usd
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
58000000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
117000000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
111000000 usd
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
228000000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
105000000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
117000000 usd
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
222000000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
91000000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
117000000 usd
cvna Purchase Obligation Term
PurchaseObligationTerm
P7Y
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
208000000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
71000000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
114000000 usd
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
185000000 usd
CY2022Q3 cvna Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
32000000 usd
CY2022Q3 cvna Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
514000000 usd
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
546000000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
448000000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
999000000 usd
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Payments Due Total
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueTotal
1447000000 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
47000000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
269000000 usd
CY2022Q3 cvna Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
316000000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
401000000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
730000000 usd
CY2022Q3 cvna Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
1131000000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y2M12D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.056
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.054
cvna Standard Product Warranty Period
StandardProductWarrantyPeriod
P100D
cvna Standard Product Warranty Number Of Miles
StandardProductWarrantyNumberOfMiles
4189 mi
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21000000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16000000 usd
CY2022Q3 us-gaap Purchase Obligation
PurchaseObligation
174000000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
81000000 usd
CY2022Q3 cvna Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
2400000 shares
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
235000000 usd
cvna Variable Interest Entity Nonconsolidated Reductions In Securitizations And Associated Long Term Debt
VariableInterestEntityNonconsolidatedReductionsInSecuritizationsAndAssociatedLongTermDebt
105000000 usd
us-gaap Interest Paid Net
InterestPaidNet
178000000 usd
us-gaap Interest Paid Net
InterestPaidNet
82000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
43000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
74000000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
300000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
371000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
139000000 usd
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
75000000 usd
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 usd
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
6000000 usd
cvna Equity Based Compensation Capitalized To Property And Equipment
EquityBasedCompensationCapitalizedToPropertyAndEquipment
6000000 usd
cvna Variable Interest Entity Nonconsolidated Fair Value Received Assets
VariableInterestEntityNonconsolidatedFairValueReceivedAssets
148000000 usd
cvna Variable Interest Entity Nonconsolidated Reductions In Securitizations And Associated Long Term Debt
VariableInterestEntityNonconsolidatedReductionsInSecuritizationsAndAssociatedLongTermDebt
22000000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
316000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
403000000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
297000000 usd
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
161000000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
233000000 usd
CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
107000000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
477000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
636000000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
404000000 usd

Files In Submission

Name View Source Status
0001690820-22-000313-index-headers.html Edgar Link pending
0001690820-22-000313-index.html Edgar Link pending
0001690820-22-000313.txt Edgar Link pending
0001690820-22-000313-xbrl.zip Edgar Link pending
cvna-20220930.htm Edgar Link pending
cvna-20220930.xsd Edgar Link pending
cvna-20220930_cal.xml Edgar Link unprocessable
cvna-20220930_def.xml Edgar Link unprocessable
cvna-20220930_pre.xml Edgar Link unprocessable
cvna-20220930_lab.xml Edgar Link unprocessable
cvna-20220930_htm.xml Edgar Link completed
ex31_1q32022.htm Edgar Link pending
ex31_2q32022.htm Edgar Link pending
ex32_1q32022.htm Edgar Link pending
ex32_2q32022.htm Edgar Link pending
exhibit103_secondamendedan.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable