CVNA at a glance
Carvana (CVNA, SEC CIK 1690820) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on August 14, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Carvana (CVNA) reported revenue of $20.3 billion (up 48.6% from FY2024) and net income of $1.4 billion. Diluted EPS was $8.45.
- As of June 30, 2026, 37 institutional investment managers tracked by SignalX reported holding Carvana (CVNA) shares worth $22.8 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Palmer Stephen R on October 1, 2026 of 920 shares at $59.48 per share.
- In the last 90 days, CVNA insiders reported 4 open-market purchases ($3.1M) and 32 open-market sales ($24.9M) on Form 4, a net sale of $21.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $20.3B
- +48.6% vs prior year
- Insiders · 90 days
- 4 buys · 32 sells
- Net −$21.8M
- 13F holders
- 37 funds
- $22.8B · −2 vs prior quarter
- Latest 8-K
- Aug 14, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Management Discussion & Analysis
- Revenue $20.3B in 2025 vs $13.7B in 2024 (+48.2%), driven by retail vehicle sales growth to $14.5B from $9.7B
- Total gross profit per unit $7,026 in 2025 vs $6,908 in 2024; non-GAAP gross profit per unit $7,182 vs $7,196
- Best performing: retail vehicle sales $14.5B (+49% YoY); worst: wholesale sales $4.1B, though up 46% YoY from $2.8B
- No explicit cash flow details in excerpt; investments prioritized in technology, infrastructure, logistics, and product development
- Management expects continued growth in retail units sold absent material macroeconomic changes; monitors tariffs and seasonality as risks
Business Overview
- Core business: Online used vehicle sales platform with vehicle sourcing, financing, and delivery services
- New emphasis on AI integration for customer support, marketing, recruiting, and operational efficiencies, with associated legal and compliance risks
- Heightened focus on expanding complementary products like insurance, leasing, and subscription services to diversify revenue streams
- Notable risk from SEC subpoena in June 2025 linked to short-seller allegations, outcome currently unpredictable
- Logistics dependence on both internal and external transport network amidst rising costs, labor shortages, and regulatory challenges
Risk Factors
- Legal risk from increased regulatory scrutiny on selling used vehicles with open safety recalls, causing potential losses, costs, and litigation exposure
- Geopolitical threat from military conflicts in Ukraine, Middle East, and US-China-Taiwan tensions impacting vehicle supply and consumer behavior
- Supply chain vulnerabilities due to global supply chain challenges, including impacts from tariffs and trade restrictions on vehicle parts and components
- Market disruption risk from new technologies like autonomous driving and electric vehicles altering vehicle ownership dynamics and used vehicle desirability
- Financial risk from substantial indebtedness and restrictive covenants on Senior Secured Notes limiting capital raising and strategic flexibility
AI summary of the CVNA 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes to risk factors since February 18, 2026 10-K
- Regulatory risk: no new legal or compliance developments disclosed
- Funding concentration: Ally commitment increased to $8.0 billion through July 26, 2027
- Operational or competitive risks: no quarterly updates disclosed
- Financial risks: no new liquidity, debt maturity, currency, or concentration disclosures beyond Ally financing terms
AI summary of the CVNA 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- $1.66B senior secured Term Loan B maturing August 14, 2033
- Proceeds target repayment or refinancing of 9.0% / 11.0% / 13.0% 2030 Secured Notes
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026, released July 29, 2026
- Shareholder letter and press release furnished as Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 52% to $7.376B and retail units 38% to 197,325, confirming continued high-volume expansion
- Net income reached $513M, with margin improving to 7.0% from 6.4%; GAAP operating income increased $169M to $680M
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Stockholders approved Carvana’s 2026 Omnibus Incentive Plan at the May 5, 2026 annual meeting
- New plan establishes the framework for future equity-based employee and executive compensation
Item 5.07: Submission of Matters to a Vote of Security Holders
- Quorum established with 832,509,320 of 850,082,440 votes represented at the annual meeting
- Michael Maroone and Neha Parikh elected as Class III directors through the 2029 annual meeting
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Stockholders approved a five-for-one forward split of Class A and Class B common stock
- Effective May 7, 2026 at 9:30 a.m. ET, each existing share converts into five shares
AI summaries of CVNA 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CVNA
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Palmer Stephen R | F | Oct 1, 2026 | 3,021 | $63.04 |
| Palmer Stephen R | Sell | Oct 1, 2026 | 920 | $59.48 |
| Palmer Stephen R | Sell | Oct 1, 2026 | 840 | $60.75 |
| Palmer Stephen R | Sell | Oct 1, 2026 | 920 | $61.64 |
| Palmer Stephen R | Sell | Oct 1, 2026 | 2,320 | $62.82 |
| BREAUX PAUL W. | F | Oct 1, 2026 | 4,453 | $63.04 |
| HUSTON BENJAMIN E. | F | Oct 1, 2026 | 7,016 | $63.04 |
| GILL DANIEL J. | F | Oct 1, 2026 | 7,707 | $63.04 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $13.7B | $20.3B |
| Gross Profit | - | $2.9B | $4.2B |
| Operating Income | - | $990.0M | $1.9B |
| Net Income | - | $210.0M | $1.4B |
| Gross Margin | - | 21.0% | 20.6% |
| Op. Margin | - | 7.2% | 9.3% |
| Net Margin | - | 1.5% | 6.9% |
| Balance Sheet | |||
| Total Assets | $7.1B | $8.5B | $13.2B |
| Equity | - | $1.3B | $3.4B |
| ROE | - | 16.7% | 40.9% |
| Per Share | |||
| EPS | - | $1.59 | $8.45 |
| Cash Flow | |||
| Operating CF | - | $918.0M | $1.0B |
| CapEx | $87.0M | $91.0M | $147.0M |
Source: XBRL data in Carvana (CVNA)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CVNA share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 37 | $22.76B |
| Q1 2026 | 39 | $22.90B |
| Q4 2025 | 38 | $38.93B |
| Q3 2025 | 37 | $32.89B |
| Q2 2025 | 35 | $25.46B |
| Q1 2025 | 30 | $8.24B |
| Q4 2024 | 26 | $7.77B |
| Q3 2024 | 23 | $2.55B |
- T. Rowe Price Group+66.91M (+376%)
- BlackRock+36.96M (+321%)
- Vanguard Capital Management LLC+36.60M (+407%)
- FMR LLC (Fidelity)+26.16M (+351%)
- Vanguard Portfolio Management LLC+25.81M (+407%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 265 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CVNA filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
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CVNA SEC filings: frequently asked questions
Are CVNA insiders buying or selling?
In the last 90 days, Carvana (CVNA) officers, directors and 10% owners reported 4 open-market purchases worth $3.1 million by 1 insider and 32 open-market sales worth $24.9 million by 6 insiders on Form 4, a net sale of $21.8 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CVNA stock?
As of June 30, 2026, the largest Carvana (CVNA) holders among the 13F filers tracked by SignalX were T. Rowe Price Group ($5.6 billion), BlackRock ($3.2 billion), Vanguard Capital Management LLC ($3.0 billion), FMR LLC (Fidelity) ($2.2 billion), Vanguard Portfolio Management LLC ($2.1 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CVNA's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Carvana (CVNA) reported revenue of $20.3 billion (up 48.6% from FY2024) and net income of $1.4 billion. Diluted EPS was $8.45. The figures come from the XBRL data in the 10-K.
What are the main risks in CVNA's latest 10-K?
In the 10-K filed February 18, 2026, Carvana (CVNA) flagged: Legal risk from increased regulatory scrutiny on selling used vehicles with open safety recalls, causing potential losses, costs, and litigation exposure. Geopolitical threat from military conflicts in Ukraine, Middle East, and US-China-Taiwan tensions impacting vehicle supply and consumer behavior. (AI summary of the Risk Factors section.)
What did CVNA report in its latest 8-K?
Carvana (CVNA) filed an 8-K on August 14, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $1.66B senior secured Term Loan B maturing August 14, 2033.
What are the latest CVNA SEC filings?
Carvana (CVNA) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on August 14, 2026 and a Form 4 insider filing on October 5, 2026.
What is CVNA's SEC CIK number?
Carvana (CVNA)'s SEC Central Index Key (CIK) is 1690820. EDGAR lists every CVNA filing under that number.
Ask anything about CVNA
The research agent reads CVNA's filings, financials, insider trades and 13F holders, then answers with sources.