Carvana (CVNA) 10-Q 8 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 04, 2017
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	CARVANA CO.
Entity Central Index Key	1,690,820
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		15,518,640
Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		117,236,210

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 144,433	$ 39,184
Restricted cash	10,339	10,266
Accounts receivable, net	13,759	5,692
Finance receivables held for sale, net	24,049	24,771
Vehicle inventory	174,369	185,506
Other current assets	9,914	9,822
Total current assets	376,863	275,241
Property and equipment, net	106,127	60,592
Other assets	1,893	0
Total assets	484,883	335,833
Current liabilities:
Accounts payable and accrued liabilities	32,955	28,164
Accounts payable due to related party	2,169	1,884
Floor plan facility	166,840	165,313
Current portion of long-term debt	1,873	1,057
Total current liabilities	203,837	196,418
Long-term debt, excluding current portion	10,279	4,404
Other liabilities	5,337	0
Total liabilities	219,453	200,822
Commitments and contingencies
Stockholders' equity / members' deficit:
Members' deficit	0	(115,961)
Preferred stock, $.01 par value - 50,000 shares authorized, none issued and outstanding as of June 30, 2017	0	0
Additional paid in capital	34,145	0
Accumulated deficit	(3,039)	0
Total stockholders' equity attributable to Carvana Co.	31,239
Non-controlling interests	234,191	0
Total stockholders' equity / members’ deficit	265,430
Total liabilities, temporary equity & stockholders' equity / members’ deficit	484,883	335,833
Class C Redeemable Preferred Units
Current liabilities:
Temporary equity - Class C redeemable preferred units - 0 and 43,089 units authorized and outstanding as of June 30, 2017 and December 31, 2016, respectively	0	250,972
Class A
Stockholders' equity / members' deficit:
Common stock	16	0
Class B
Stockholders' equity / members' deficit:
Common stock	$ 117	$ 0

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) - Parenthetical - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class C Redeemable Preferred Units
Temporary equity, shares authorized (in shares)	0	43,089,000
Temporary equity, shares outstanding (in shares)	0	43,089,000
Class A
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	15,523,000	15,523,000
Common stock, shares outstanding (in shares)	15,523,000	15,523,000
Class B
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	125,000,000	125,000,000
Common stock, shares issued (in shares)	117,236,000	117,236,000
Common stock, shares outstanding (in shares)	117,236,000	117,236,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Sales and operating revenues:
Used vehicle sales, net		$ 193,947	$ 80,488	$ 342,329	$ 148,983
Wholesale vehicle sales		7,818	2,475	13,544	4,034
Other sales and revenues, including $1,898, $0, $3,656 and $0, respectively, from related parties		7,600	3,563	12,565	6,460
Net sales and operating revenues		209,365	86,526	368,438	159,477
Cost of sales		193,326	80,489	342,653	149,483
Gross profit		16,039	6,037	25,785	9,994
Selling, general and administrative expenses		52,011	23,344	97,919	43,976
Interest expense, including $1,241, $0, $1,382 and $0, respectively, to related parties		2,507	796	4,566	1,506
Other expense (income), net		391	5	609	(55)
Net loss before income taxes		(38,870)	(18,108)	(77,309)	(35,433)
Income tax provision		0	0	0	0
Net loss		(38,870)	(18,108)	(77,309)	(35,433)
Less: net loss attributable to non-controlling interests		(24,328)	0	(24,328)	0
Net loss attributable to Carvana Co.		$ (14,542)	$ (18,108)	$ (52,981)	$ (35,433)
Class A
Sales and operating revenues:
Net loss per share of Class A common stock, basic and diluted (in dollars per share)	[1]	$ (0.28)	$ (0.13)	$ (0.56)	$ (0.26)
Weighted-average shares of Class A common stock, basic and diluted (in shares)	[1],[2]	15,026,000	15,000,000	15,013,000	15,000,000
[1]	(1) Amounts for periods prior to the initial public offering have been retrospectively adjusted to give effect to 15.0 million shares of Class A common stock issued in the initial public offering and the Organizational Transactions described in Note 1.
[2]	Weighted-average shares of Class A common stock outstanding have been adjusted for unvested restricted stock awards.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Unaudited) - Parenthetical - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenue from related parties	$ 1,898	$ 0	$ 3,656	$ 0
Interest expense, related party	$ 1,241	$ 0	$ 1,382	$ 0

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Stockholders' Equity / Members' Deficit (Unaudited) - 6 months ended Jun. 30, 2017 - USD ($) shares in Thousands, $ in Thousands	Total	Members' Deficit	Common StockClass A	Common StockClass B	Additional Paid-in Capital	Accumulated Deficit	Non-controlling Interests
Members' equity, beginning of the period at Dec. 31, 2016	$ (115,961)	$ (115,961)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning of the period (in shares)			15,523	117,236
Net loss	(77,309)
Adjustments to the non-controlling interests					$ 800		$ 846
End of the period (in shares) at Jun. 30, 2017			15,523	117,236
Stockholders' equity, end of the period at Jun. 30, 2017	$ 265,430		$ 16	$ 117	$ 34,145	$ (3,039)	$ 234,191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning of the period (in shares)			15,523	117,236

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net loss	$ (77,309)	$ (35,433)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	4,645	1,824
Loss on disposal of property and equipment	565	0
Provision for bad debt and valuation allowance	494	684
Gain on loan sales	(8,390)	(3,792)
Equity-based compensation expense	2,102	283
Amortization and write-off of debt issuance costs	1,250	0
Originations of finance receivables	(223,843)	(100,955)
Proceeds from sale of finance receivables	231,942	166,748
Proceeds from sale of finance receivables to related party	0	1,531
Purchase of finance receivables from related party	0	(74,589)
Changes in assets and liabilities:
Accounts receivable	(8,293)	(874)
Vehicle inventory	11,668	(48,601)
Other current assets	(1,538)	(1,425)
Other assets	(1,148)	0
Accounts payable and accrued liabilities	942	6,779
Accounts payable to related party	285	(12,772)
Other liabilities	5,337	0
Net cash used in operating activities	(61,291)	(100,592)
Cash Flows from Investing Activities:
Purchases of property and equipment	(42,576)	(12,691)
Change in restricted cash	(73)	(1,642)
Net cash used in investing activities	(42,649)	(14,333)
Cash Flows from Financing Activities:
Proceeds from floor plan facility	397,082	161,241
Payments on floor plan facility	(395,555)	(129,048)
Proceeds from Verde Credit Facility	35,000	0
Payments on Verde Credit Facility	(35,000)	0
Proceeds from long-term debt	2,980	0
Payments on long-term debt	(641)	(47)
Payments of debt issuance costs, including $1,000 and $0 to related parties	(1,000)	(228)
Net proceeds from initial public offering	206,323	0
Net cash provided by financing activities	209,189	131,880
Net increase in cash and cash equivalents	105,249	16,955
Cash and cash equivalents at beginning of period	39,184	43,134
Cash and cash equivalents at end of period	144,433	60,089
Supplemental cash flow information:
Cash payments for interest to third parties	3,839	1,188
Cash payments for interest to related parties	382	30
Non-cash investing and financing activities:
Capital expenditures included in accounts payable and accrued liabilities	7,601	1,089
Capital expenditures financed through long-term debt	4,522	1,430
Tax withholdings related to equity awards included in accounts payable and accrued liabilities	299	0
Accrual of return on Class C redeemable preferred units	9,439	6,247
Class C subscription proceeds included in restricted cash and Class C subscription liability	0	9,725
Conversion of Class C units to Class A units	260,411	0
Class C Redeemable Preferred Units
Cash Flows from Financing Activities:
Proceeds from issuance of Class C redeemable preferred units	0	100,000
Net proceeds from initial public offering	$ 0	$ (38)

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement of Cash Flows [Abstract]
Payments of debt issuance costs related party	$ 1,000	$ 0

Business Organization

Business Organization	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Organization	NOTE 1 — BUSINESS ORGANIZATION Description of Business Carvana Co. and its wholly-owned subsidiary Carvana Co. Sub (collectively, "Carvana Co.") together with its consolidated subsidiaries (the “Company”) is a leading eCommerce platform for buying used cars. The Company is transforming the used car buying experience by giving consumers a wide selection, great value and quality, transparent pricing and a simple, no pressure transaction. Using the Company’s website, consumers can research and identify a vehicle, inspect it using the Company’s proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle, and schedule delivery or pick-up, all from their desktop or mobile devices. Organization and Initial Public Offering Carvana Co. is a holding company that was formed as a Delaware corporation on November 29, 2016 for the purpose of completing an initial public offering ("IPO") and related transactions in order to operate the business of Carvana Group, LLC and its subsidiaries (collectively, "Carvana Group"). Substantially all of the Company’s assets and liabilities represent the assets and liabilities of Carvana Group. Carvana Group was formed as a limited liability company by DriveTime Automotive Group, Inc. (together with its subsidiaries and affiliates “DriveTime”) and commenced operations in 2012. Prior to November 1, 2014, Carvana Group was a wholly-owned subsidiary of DriveTime. On November 1, 2014 (the “Distribution Date”), DriveTime distributed its member units in Carvana Group to the unit holders of DriveTime on a pro rata basis (the “Distribution”). Carvana Group accounted for the Distribution as a spinoff transaction in accordance with ASC 505-60, Equity — Spinoffs and Reverse Spinoffs and reflected assets and liabilities before and after the Distribution Date at their historical basis. On May 3, 2017 , Carvana Co. completed its IPO of 15.0 million shares of Class A common stock at a public offering price of $15.00 per share. Carvana Co. received approximately $210.7 million in proceeds, net of underwriting discounts and commissions, which it used to purchase approximately 18.8 million newly-issued membership interests of Carvana Group at a price per unit equal to 0.8 times the initial public offering price less underwriting discounts and commissions and offering expenses. Also in connection with the IPO, the Company completed the following organizational transactions (the “Organizational Transactions”): • Carvana Group amended and restated its limited liability company operating agreement (the "LLC Agreement") to, among other things, (i) eliminate a class of preferred membership interests, (ii) provide for two classes of common ownership interests in Carvana Group held by the then-existing holders of LLC units (the "Existing LLC Unitholders") consisting of Class B common units (the “Class B Units”) and Class A common units (the “Class A Units”), and (iii) appoint Carvana Co. as the sole manager of Carvana Group; • Carvana Co. amended and restated its certificate of incorporation to authorize (i) 50.0 million shares of Preferred Stock, par value $0.01 per share, (ii) 500.0 million shares of Class A common stock, par value $0.001 per share, and (iii) 125.0 million shares of Class B common stock, par value $0.001 per share. Each share of Class A common stock generally entitles its holder to one vote on all matters to be voted on by stockholders. Each share of Class B common stock held by Ernest Garcia, II, Ernie Garcia, III and entities controlled by one or both of them (collectively, the "Garcia Parties") generally entitles its holder to ten votes on all matters to be voted on by stockholders. All other shares of Class B common stock generally entitle their holders to one vote per share on all matters to be voted on by stockholders; • Carvana Group converted its outstanding Class C redeemable preferred units into approximately 43.1 million Class A Units; • Carvana Co. issued approximately 117.2 million shares of Class B common stock to holders of Class A Units, on a four -to- five basis with the number of Class A Units they owned, for nominal consideration; and, • Carvana Co. transferred approximately 0.2 million Class A Units to Ernest Garcia, II in exchange for his 0.1% ownership interest in Carvana, LLC, a majority-owned subsidiary of Carvana Group. In accordance with the LLC Agreement, Carvana Co. has all management powers over the business and affairs of Carvana Group and conducts, directs and exercises full control over the activities of Carvana Group. Class A Units and Class B Units (the "LLC Units") do not hold voting rights which results in Carvana Group being considered a variable interest entity ("VIE"). Due to Carvana Co.'s power to control and its significant economic interest in Carvana Group, it is considered the primary beneficiary of the VIE and the Company consolidates the financial results of Carvana Group. The Organizational Transactions described above are considered transactions between entities under common control. As a result, the financial statements for periods prior to the IPO and Organizational Transactions have been adjusted to combine the previously separate entities for presentation purposes.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. All intercompany balances and transactions have been eliminated. Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. The Company believes the disclosures made are adequate to prevent the information presented from being misleading. However, the accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2016 included in the final prospectus for Carvana Co.’s IPO filed April 28, 2017 pursuant to Rule 424(b) under the Securities Act of 1933, as amended, with the SEC. The accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring items) necessary to present fairly the Company’s financial position as of June 30, 2017 , its results of operations for the three and six months ended June 30, 2017 and 2016 , its cash flows for the six months ended June 30, 2017 and 2016 , and the changes in its stockholders' equity for the six months ended June 30, 2017 . The Company discloses all material changes in its members’ equity for the six months ended June 30, 2016 throughout the accompanying notes, and, therefore, does not separately present a statement of changes in members’ equity for this period in its unaudited condensed consolidated financial statements. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations. As discussed in Note 1 — Business Organization , Carvana Group is considered a VIE and Carvana Co. consolidates its financial results due to the determination that it is the primary beneficiary. The Company reviews subsidiaries and affiliates, as well as other entities, to determine if it should be considered variable interest entities, and whether it should change the consolidation determinations based on changes in its characteristics. The Company considers an entity a VIE if its equity investors own an interest therein that lacks the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or if the entity is structured with non-substantive voting interests. To determine whether or not the entity is consolidated with the Company’s results, the Company also evaluates which interests are variable interests in the VIE and which party is the primary beneficiary of the VIE. Liquidity The accompanying interim unaudited condensed consolidated financial statements of the Company have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern. From inception, the Company has funded operations through the sale of Class A Units, its IPO completed on May 3, 2017 for net proceeds of approximately $205.9 million , the sale of Class C Redeemable Preferred Units, capital contributions from DriveTime and short-term funding from the Company’s majority owner. The Company has historically funded vehicle inventory purchases through its Floor Plan Facility, described in further detail in Note 7 — Debt Instruments , and has approximately $33.2 million available under the Floor Plan Facility to fund future vehicle inventory purchases as of June 30, 2017 . Management believes that current working capital is sufficient to fund operations for at least one year from the financial statement issuance date. Use of Estimates The preparation of these 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. Comprehensive Loss During the three and six months ended June 30, 2017 and 2016 , the Company did not have any other comprehensive income and, therefore, the net loss and comprehensive loss were the same for all periods presented. Restricted Cash The restricted cash includes the deposit required under the Company's Floor Plan Facility, which is 5% of the outstanding floor plan facility principal balance, as explained in Note 7 — Debt Instruments and amounts held as restricted cash as required under letter of credit agreements, as explained in Note 13 — Commitments and Contingencies . Income Taxes The Company accounts for income taxes pursuant to the asset and liability method which requires the recognition of deferred income tax assets and liabilities related to the expected future tax consequences arising from temporary differences between the carrying amounts and tax bases of assets and liabilities based on enacted statutory tax rates applicable to the periods in which the temporary differences are expected to reverse. Any effects of changes in income tax rates or laws are included in income tax expense in the period of enactment. A valuation allowance is recognized if the Company determines it is more likely than not that all or a portion of a deferred tax asset will not be recognized. Adoption of New Accounting Standards In October 2016, the FASB issued ASU 2016-17, Interests Held through Related Parties That Are Under Common Control ("ASU 2016-17"), which updates the consolidation requirements when evaluating whether or not the entity is the primary beneficiary of a VIE with regard to interests held by related parties under common control. Under ASU 2016-17, entities will consider all indirect economic interests in a VIE held by related parties on a proportionate basis regardless of whether or not the related parties are under common control. The update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016, with early adoption permitted. Since the Company has adopted ASU 2015-02, ASU 2016-17 requires retrospective application to all periods presented. The Company adopted ASU 2016-17 on January 1, 2017 and it did not have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations ("ASU 2017-01"), which narrows the definition of a business and assists entities evaluate whether transactions should be accounted for as acquisitions of assets or businesses. Under ASU 2017-01, when substantially all the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, entities must consider a robust framework to determine when a set of assets and activities is a business. The update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The Company adopted ASU 2017-01 on January 1, 2017 and it did not have a material impact on its consolidated financial statements. Accounting Standards Issued But Not Yet Adopted Since May 2014, the FASB has issued several accounting standards updates related to revenue recognition including ASC 606, Revenue from Contracts with Customers , which amends the guidance in ASC 605, Revenue Recognition, and provides a single, comprehensive revenue recognition model for all contracts with customers. These updates contain principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized. The entity will recognize revenue to reflect the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The updates address how entities should identify goods and services being provided to a customer, the unit of account for a principal versus agent assessment, how to evaluate whether a good or service is controlled before being transferred to a customer and how to assess whether an entity controls services performed by another party. These updates are effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 with early adoption permitted. The Company currently plans to adopt these updates for the fiscal year beginning January 1, 2018 and is evaluating its transition method. Based on the manner in which the Company recognizes revenue, the Company does not anticipate a material impact on its consolidated financial statements as a result of adopting these updates. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) related to the accounting for leases. This ASU introduces a lessee model that requires a right-of-use asset and lease obligation to be presented on the balance sheet for all leases, whether operating or financing. The ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. Expense recognition on the income statement remains similar to current lease accounting guidance. The ASU is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018. The Company plans to adopt this ASU for its fiscal year beginning January 1, 2019. The adoption of this ASU will require the recognition of a right-of-use asset and a lease obligation for the Company’s leases (see Note 13 — Commitments and Contingencies ).

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	NOTE 3 — PROPERTY AND EQUIPMENT, NET The following table summarizes property and equipment, net as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Land and site improvements $ 11,474 $ 9,355 Buildings and improvements 38,170 14,750 Transportation fleet 24,734 16,520 Software 13,239 10,065 Furniture, fixtures and equipment 9,681 3,704 Total property and equipment excluding construction in progress 97,298 54,394 Less: accumulated depreciation and amortization (13,198 ) (9,752 ) Property and equipment excluding construction in progress, net 84,100 44,642 Construction in progress 22,027 15,950 Property and equipment, net $ 106,127 $ 60,592 Depreciation and amortization expense was approximately $2.6 million and $1.0 million for the three months ended June 30, 2017 and 2016 , respectively, and approximately $4.6 million and $1.8 million for the six months ended June 30, 2017 and 2016 , respectively. These amounts primarily relate to assets associated with selling, general and administrative activities and are included as a component of selling, general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations. The Company capitalized internal use software costs totaling approximately $5.4 million and $1.9 million during the six months ended June 30, 2017 and 2016 , respectively, which is included in software and construction in progress in the table above. The Company capitalized approximately $1.9 million and $0.9 million for the three months ended June 30, 2017 and 2016 , respectively, and approximately $3.6 million and $1.4 million for the six months ended June 30, 2017 and 2016 , respectively, of payroll and payroll-related costs for employees who are directly associated with and who devote time to the development of software products for internal use.

Accounts Payable and Other Accr

Accounts Payable and Other Accrued Liabilities	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Accounts Payable and Other Accrued Liabilities	NOTE 4 — ACCOUNTS PAYABLE AND OTHER ACCRUED LIABILITIES The following table summarizes accounts payable and other accrued liabilities as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Accounts payable $ 7,071 $ 6,208 Accrued property and equipment 6,326 3,045 Sales taxes and vehicle licenses and fees 4,987 4,265 Accrued compensation and benefits 3,428 3,398 Accrued advertising costs 2,912 1,281 Accrued inventory costs 1,787 3,480 Other accrued liabilities 6,444 6,487 Total accounts payable and other accrued liabilities $ 32,955 $ 28,164

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 5 — RELATED PARTY TRANSACTIONS Shared Services Agreement with DriveTime In November 2014, the Company and DriveTime entered into a shared services agreement whereby DriveTime provided certain accounting and tax, legal and compliance, information technology, telecommunications, benefits, insurance, real estate, equipment, corporate communications, software and production and other services to facilitate the transition of these services to the Company on a standalone basis (the “Shared Services Agreement”). The Shared Services Agreement was most recently amended and restated in April 2017 and operates on a year-to-year basis after February 2019, with the Company having the right to terminate any or all services with 30 days' prior written notice and DriveTime having the right terminate certain services effective December 2017 and other services effective July 2018, in each case with 90 days' prior written notice. DriveTime provides the Company with certain benefits, tax reporting and compliance, telecommunications and information technology services under the amended agreement. Charges allocated to the Company are based on the Company’s actual use of the specific services detailed in the Shared Services Agreement. Total expenses related to the shared services agreement were approximately $0.0 million and $0.2 million for the three months ended June 30, 2017 and 2016 , respectively, and approximately $0.1 million and $0.4 million for the six months ended June 30, 2017 and 2016 , respectively, which are included in selling, general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations. Aircraft Time Sharing Agreement On October 22, 2015, the Company entered into an agreement to share usage of two aircraft operated by Verde Investments, Inc., an affiliate of DriveTime, (“Verde”). Pursuant to the agreement, the Company agreed to reimburse Verde for actual expenses for each of its flights. The original agreement was for 12 months, with perpetual 12 -month automatic renewals. Either the Company or Verde can terminate the agreement with 30 days’ prior written notice. The Company reimbursed Verde approximately $0.3 million and $0.1 million under this agreement during the three months ended June 30, 2017 and 2016 , respectively, and approximately $0.4 million and $0.2 million under this agreement during the six months ended June 30, 2017 and 2016 , respectively. Lease Agreements In November 2014, the Company and DriveTime entered into a lease agreement that governs the Company’s access to and utilization of temporary storage, reconditioning, office, and parking space at various DriveTime inspection and reconditioning centers ("IRCs") and retail facilities (the "DriveTime Lease Agreement"). The DriveTime Lease Agreement was most recently amended in August 2017. Lease duration varies by location, with the earliest expiration occurring in 2017. Most delivery hubs have two -year terms and the Company is entitled to exercise to two consecutive one -year renewal options at up to ten of these locations. The DriveTime Lease Agreement provides that the Company may take over DriveTime's leases for the inspection and reconditioning centers that the Company uses as IRCs in their entirety on July 31, 2018, subject to the Company obtaining releases of DriveTime's liability under the applicable leases and causing DriveTime to be paid for any unamortized costs. Under the DriveTime Lease Agreement, the Company pays a monthly rental fee related to its pro rata utilization of space at each facility plus a pro rata share of each facility’s actual insurance costs and real estate taxes. The Company is additionally responsible for paying for any tenant improvements it requires to conduct its operations and its share of estimated costs incurred by DriveTime related to preparing these sites for use. As it relates to locations where the Company reconditions vehicles, the Company’s share of facility and shared reconditioning supplies expenses are calculated monthly by multiplying the actual costs for operating the inspection centers by the Company’s pro rata share of total reconditioned vehicles and parking spaces at such inspection centers in a given month. Management has determined that the costs allocated to the Company are based on a reasonable methodology. Separate from the DriveTime Lease Agreement, in December 2016, the Company entered into a lease agreement related to a vehicle inspection and reconditioning center in Tolleson, Arizona, with Verde, with an initial term of approximately 15 years. The lease agreement requires monthly rental payments and can be extended for four additional five -year periods. In February 2017, the Company also entered into a lease with DriveTime for sole occupancy of a fully-operational inspection and reconditioning center in Winder, Georgia, where the Company previously maintained partial occupancy. The lease has an initial term of eight years, subject to the Company's ability to exercise three renewal options of five years each. The base rent for both of these leases will be subject to adjustment each year beginning January 1, 2018, increasing in an amount equal to the percentage increase in the Consumer Price Index, which amount shall not exceed 5% and shall not be less than 2% . Expenses related to these lease agreements are allocated based on usage to inventory and selling, general and administrative expenses in the accompanying unaudited condensed consolidated balance sheets and statements of operations. Costs allocated to inventory are recognized as cost of sales when the inventory is sold. During the three months ended June 30, 2017 , total costs related to these lease agreements were approximately $1.8 million with approximately $0.6 million and $1.2 million allocated to inventory and selling, general, and administrative expenses, respectively. During the six months ended June 30, 2017 , total costs related to these lease agreements were approximately $3.4 million with approximately $1.2 million and $2.2 million allocated to inventory and selling, general and administrative expenses, respectively. During the three months ended June 30, 2016 , total costs related to these lease agreements were approximately $0.6 million with approximately $0.3 million allocated to each inventory and selling, general, and administrative expenses. During the six months ended June 30, 2016 , total costs related to these lease agreements were approximately $1.1 million with approximately $0.7 million and $0.4 million allocated to inventory and selling, general and administrative expenses, respectively. Corporate Office Leases In November 2015, the Company entered into a lease agreement with Verde for its then corporate headquarters. The rent expense incurred related to this lease for the three and six months ended June 30, 2016 was approximately $0.2 million and $0.4 million . In December 2016, Verde sold the building and assigned the lease to a third party. During the first quarter of 2017, the Company subleased additional office space at DriveTime’s corporate headquarters in Tempe, Arizona. Pursuant to this arrangement, the Company incurred rent of approximately $0.1 million during the six months ended June 30, 2017 . This arrangement terminated in March 2017. As discussed in Note 13 — Commitments and Contingencies , in September 2016, the Company entered into a lease with a third party for the second floor of a new corporate headquarters in Tempe, Arizona. DriveTime guarantees up to $0.5 million of the Company's rent payments under that lease through September 2019 . In connection with that lease, the Company entered into a sublease with DriveTime for the use of the first floor of the same building. Pursuant to this sublease, which has a term of 83 months and is co-terminus with DriveTime's master lease, subject to the right to exercise three five -year extension options, the Company will pay DriveTime rent equal to the amounts due under DriveTime's master lease. During the three and six months ended June 30, 2017 , the rent expense incurred related to this first floor sublease was approximately $0.2 million and $0.3 million , respectively. Vehicle Inventory Purchases Through September 2016, the Company purchased vehicle inventory under DriveTime's auction numbers under a non-interest bearing agreement requiring periodic repayments. Vehicles purchased under this agreement were acquired by the Company at DriveTime's cost of the vehicles purchased with no markup. Beginning October 1, 2016, the Company purchased its vehicle inventory independently and made the payments itself through its vehicle inventory financing and security agreement. See Note 7 — Debt Instruments for further information. Repurchase of Finance Receivables from DriveTime On January 20, 2016, the Company repurchased approximately $72.4 million of finance receivables from DriveTime related to loans the Company originated and previously sold under the terms of the DriveTime receivable purchase agreement (the “DriveTime Receivable Purchase Agreement”) discussed below for a price of approximately $74.6 million . Such receivables were immediately sold by the Company to third party purchasers under the transfer and note purchase and security agreements for the same price of approximately $74.6 million . DriveTime Receivable Purchase Agreement In June 2014, the Company entered into the DriveTime Receivable Purchase Agreement pursuant to which the Company may sell to DriveTime and DriveTime may purchase from the Company finance receivables that the Company originates in conjunction with the sale of vehicles. As of June 30, 2017 and December 31, 2016 , the Company did not have any receivables due from DriveTime for the sales of such receivables. As of June 30, 2017 , DriveTime is not obligated to make any additional purchases under the agreement. Master Dealer Agreement In December 2016, the Company entered into a master dealer agreement with DriveTime, pursuant to which the Company may sell certain ancillary products, including vehicle service contracts ("VSCs"), to customers purchasing a vehicle from the Company through its transaction platform. The Company earns a commission on each VSC sold to its customers and DriveTime subsequently administers the VSCs. The Company collects the retail purchase price of the VSCs from its customers and remits the net fee to DriveTime on a periodic basis. During the three and six months ended June 30, 2017 , the Company recognized approximately $1.9 million and $3.7 million , respectively, of commissions earned on VSCs sold to its customers and administered by DriveTime. The commission earned on the sale of these VSCs is included in other sales and revenues in the accompanying unaudited condensed consolidated statement of operations. Credit Facility with Verde On February 27, 2017, the Company entered into a credit facility with Verde for an amount up to $50.0 million (the "Verde Credit Facility"). The Company could draw up to five loans in minimum amounts of $10.0 million each during the term of the agreement. Amounts outstanding accrued interest at a rate of 12.0% per annum, compounding semi-annually and payable in kind and scheduled to mature in August 2018. Upon execution of the agreement, the Company paid Verde a commitment fee of $1.0 million . Immediately prior to the Company's IPO, the outstanding balance under the Verde Credit Facility was $35.0 million . The outstanding principal balance of $35.0 million and accrued interest of approximately $0.4 million were repaid in full and the Verde Credit Facility agreement terminated in connection with the IPO completed on May 3, 2017 . IP License Agreement In February 2017, the Company entered into a license agreement that governs the rights of certain intellectual property owned by the Company and the rights of certain intellectual property owned by DriveTime. The license agreement generally provides that each party grants to the other certain limited exclusive (other than with respect to the licensor party and its affiliates) and non-exclusive licenses to use certain of its intellectual property and each party agrees to certain covenants not to sue the other party, its affiliates and certain of its service providers in connection with various patent claims. The exclusive license to DriveTime is limited to the business that is primarily of subprime used car sales to retail customers. However, upon a change of control of either party, both parties’ license rights as to certain future improvements to licensed intellectual property and all limited exclusivity rights are terminated. The agreement does not provide a license to any of the Company's patents, trademarks, logos, customers’ personally identifiable information or any intellectual property related to the Company's vending machine, automated vehicle photography or certain other elements of the Company's brand. Accounts Payable Due to Related Party Amounts payable to DriveTime and Verde under the agreements explained above, as well as invoices DriveTime initially paid on behalf of the Company for vehicle reconditioning costs and general and administrative expenses, are included in accounts payable to related party in the accompanying unaudited condensed consolidated balance sheets. As of June 30, 2017 and December 31, 2016 , approximately $2.2 million and $1.9 million , respectively, was due to related parties primarily related to lease agreements, shared service fees, net VSC fees collected from customers and repayments to DriveTime for invoices paid on behalf of the Company.

Finance Receivable Sale Agreeme

Finance Receivable Sale Agreements	6 Months Ended
	Jun. 30, 2017
Transfers and Servicing [Abstract]
Finance Receivable Sale Agreements	NOTE 6 — FINANCE RECEIVABLE SALE AGREEMENTS Transfer Agreements and Note Purchase and Security Agreements In January 2016, the Company entered into transfer agreements pursuant to which it sells finance receivables meeting certain underwriting criteria to certain third party purchasers who engage DriveTime as servicer of such receivables. Pursuant to certain note purchase and security agreements, entered into in connection with the transfer agreements, such third party purchasers of receivables issued notes to certain parties, including Delaware Life Insurance Company (“Delaware Life”), in which Mark Walter has a substantial ownership interest. Mark Walter also indirectly controls CVAN Holdings, LLC, an Existing LLC Unitholder, and has non-controlling ownership interests in the other note purchasers under the note purchase and security agreements. Delaware Life also serves as an administrative agent and paying agent on behalf of the note purchasers. Pursuant to the note purchase and security agreements, Delaware Life advanced $63.0 million through December 31, 2016 to the trusts that purchased the Company's automotive finance receivables. Under this agreement through June 30, 2016 , the Company had sold $160.7 million of finance receivables, including approximately $72.4 million of finance receivables repurchased from DriveTime, resulting in gain on loan sales of approximately $3.8 million , which is included in other sales and revenues in the accompanying unaudited condensed consolidated statements of operations. As of June 30, 2017 , there was no unused capacity under the note purchase and security agreements. Master Purchase and Sale Agreement and Master Transfer Agreement In December 2016, the Company entered into a master purchase and sale agreement (the "Purchase and Sale Agreement") and a master transfer agreement (the "Master Transfer Agreement") pursuant to which it sells finance receivables meeting certain underwriting criteria to certain third party purchasers, including Ally. DriveTime is the servicer of finance receivables sold under both agreements. Under the Purchase and Sale Agreement and the Master Transfer Agreement, the Company can sell up to an aggregate of $375.0 million , and $292.2 million , respectively, in principal balances of finance receivables subject to adjustment as described in the respective agreements. During the six months ended June 30, 2017 , the Company sold approximately $157.7 million in principal balances of finance receivables under the Purchase and Sale Agreement, and approximately $66.6 million in principal balances of finance receivables under the Master Transfer Agreement. As of June 30, 2017 , there was approximately $196.0 million and $217.2 million of unused capacity under the Purchase and Sale Agreement and the Master Transfer Agreement, respectively. In December 2016, the Company incurred approximately $0.9 million of costs directly attributable to establishing the Purchase and Sale Agreement and the Master Transfer Agreement. These costs are included as a component of other assets on the accompanying unaudited condensed consolidated balance sheets and are expensed as a component of selling, general and administrative expenses over the period the Company sells finance receivables under these agreements. The total gain on loan sales related to finance receivables sold to third parties under these agreements during the three and six months ended June 30, 2017 was approximately $5.4 million and $8.4 million , which is included in other sales and revenues in the accompanying unaudited condensed consolidated statements of operations.

Debt Instruments

Debt Instruments	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt Instruments	NOTE 7 — DEBT INSTRUMENTS Floor Plan Facility In October 2014, DriveTime and the Company entered into an inventory and financing agreement and a cross collateral, cross default and guaranty agreement with a third party secured by DriveTime and the Company’s vehicle inventory. In July 2015, the Company was removed as a party to the cross collateral agreement and the inventory and financing agreement was amended and restated to remove DriveTime (the "Floor Plan Facility"). The Floor Plan Facility was most recently amended in June 2017 and provides for up to $200.0 million of available credit, has an interest rate based on one month LIBOR plus 3.80% , and matures on December 27, 2017. This agreement may be extended for an additional 364 -day period at the lender's sole discretion. All borrowings under the amended Floor Plan Facility are required to be used to acquire used vehicle inventory and are collateralized by substantially all the Company’s assets, other than the Company’s interests in real property. The Floor Plan Facility requires that at least 5% of the total principal amount owed to the lender is held as restricted cash. Principal payments in an amount equal to the amount of the advance or loan must be made within five business days of selling or otherwise disposing of the underlying vehicle inventory. For sales involving financing originated by the Company and sold under either the Purchase and Sale Agreement or the Master Transfer Agreement as mentioned in Note 6 — Finance Receivable Sale Agreements , the amended agreement extends repayment to the earlier of fifteen business days after the sale of the used vehicle or one day following the sale of the related finance receivable. Outstanding balances related to vehicles held in inventory for more than 180 days require monthly principal payments equal to 10% of the original principal amount of that vehicle until the remaining outstanding balance is the lesser of i) 50% of the original principal amount or ii) 50% of the wholesale value. Prepayments may be made without incurring a premium or penalty. As of June 30, 2017 , the interest rate on the Floor Plan Facility was approximately 5.02% , the Company had an outstanding balance under this facility of approximately $166.8 million , borrowing capacity available of approximately $33.2 million and held approximately $8.3 million in restricted cash related to this facility. As of December 31, 2016 , the Company held approximately $8.4 million in restricted cash related to this facility. Notes Payable The Company has entered into promissory note agreements during 2017 and 2016 totaling approximately $10.3 million to purchase equipment for its transportation fleet used to transport vehicles. The principal amounts range from approximately $0.3 million to $1.8 million with fixed annual interest rates ranging from 4.56% to 6.29% . Each of the notes require monthly payments and mature in five years. These notes are secured by the Company’s equipment acquired using the notes, including but not limited to any additions, replacements and proceeds. As of June 30, 2017 , the outstanding amount of these notes totaled approximately $9.2 million , of which approximately $1.9 million is due within the next twelve months and is included as current portion of long-term debt on the accompanying unaudited condensed consolidated balance sheets. Other Long-Term Debt The Company has financed certain purchases of its property and equipment through a sale and leaseback transaction which is treated as a financing transaction in accordance with applicable accounting guidance. As of June 30, 2017 , the liability associated with this arrangement is approximately $3.0 million and is included in long-term debt in the accompanying unaudited condensed consolidated balance sheet.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Stockholders' Equity	NOTE 8 — STOCKHOLDERS' EQUITY Organizational Transactions Immediately prior to the IPO, Carvana Co. amended and restated its certificate of incorporation to, among other things authorize (i) 50.0 million shares of Preferred Stock, par value $0.01 per share, (ii) 500.0 million shares of Class A common stock, par value $0.001 per share, and (iii) 125.0 million shares of Class B common stock, par value $0.001 per share. Each share of Class A common stock generally entitles its holder to one vote on all matters to be voted on by stockholders. Each share of Class B common stock held by the Garcia Parties generally entitles its holder to ten votes on all matters to be voted on by stockholders, for so long as the Garcia Parties maintain direct or indirect beneficial ownership of at least 25% of the outstanding shares of Carvana Co.'s Class A common stock determined on an as-exchanged basis assuming that all of the Class A Units and Class B common stock were exchanged for Class A common stock. All other shares of Class B common stock generally entitle their holders to one vote per share on all matters to be voted on by stockholders. Holders of Class B common stock are not entitled to receive dividends and would not be entitled to receive any distributions upon the liquidation, dissolution or winding down of the Company. Holders of Class A and Class B common stock vote together as a single class on all matters presented to stockholders for their vote or approval, except as otherwise required by applicable law. As described in Note 1 — Business Organization , Carvana Group amended and restated its LLC Agreement to, among other things, provide for two classes of common ownership interests in Carvana Group. Carvana Group’s two remaining classes of membership interests are Class A Units and Class B Units. Carvana Co. is required to, at all times, maintain (i) a four -to- five ratio between the number of shares of Class A common stock issued by Carvana Co. and the number of Class A Units owned by Carvana Co. (subject to certain exceptions for treasury shares and shares underlying certain convertible or exchangeable securities and subject to adjustment as set forth in the exchange agreement (the "Exchange Agreement") further discussed below, and taking into account Carvana Sub’s 0.1% ownership interest in Carvana, LLC) and (ii) a four -to- five ratio between the number of shares of Class B common stock owned by the Existing LLC Unitholders and the number of Class A Units owned by the Existing LLC Unitholders. The Company may issue shares of Class B common stock only to the extent necessary to maintain these ratios. Shares of Class B common stock are transferable only together with an equal number of LLC Units if Carvana Co., at the election of an Existing LLC Unitholder, exchanges LLC Units for shares of Class A common stock. As part of the Organizational Transactions, Carvana Co. issued approximately 117.2 million shares of Class B common stock to holders of Class A Units on a four -to- five basis with the number of Class A Units they owned. As of June 30, 2017 , there were approximately 165.8 million and 6.1 million Class A Units and Class B Units (as adjusted for the participation thresholds), respectively, issued and outstanding. As discussed in Note 10 — Equity-Based Compensation , Class B Units are issued under the Company’s Equity Incentive Plan (the “Equity Incentive Plan”) and are subject to a participation threshold and are earned over the requisite service period. Initial Public Offering As described in Note 1 — Business Organization , on May 3, 2017, Carvana Co. completed its IPO of 15.0 million shares of Class A common stock at a public offering price of $15.00 per share. Carvana Co. received approximately $205.9 million in proceeds, net of underwriting discounts and commissions and offering expenses. Carvana Co. used the proceeds to purchase approximately 18.8 million newly-issued membership interests of Carvana Group at a price per unit equal to 0.8 times the initial public offering price less underwriting discounts and commissions. In connection with the IPO, Carvana Co. transferred approximately 0.2 million Class A Units to Ernest Garcia, II in exchange for his 0.1% ownership interest in Carvana, LLC, a majority-owned subsidiary of Carvana Group. After the transfer Carvana Co. owned approximately 18.6 million Class A Units. The Company incurred approximately $4.7 million of legal, accounting, printing and other professional fees directly related to the IPO, including $1.3 million incurred during 2016, of which $0.4 million were paid during 2016. Upon completion of the IPO, the total costs incurred for the IPO were charged against additional paid-in capital. Exchange Agreement Carvana Co. and the Existing LLC Unitholders entered into an Exchange Agreement under which each Existing LLC Unitholder (and certain permitted transferees thereof) may exchange their LLC Units for shares of the Company's Class A common stock on a four -to- five conversion ratio, or cash at the option of the Company, subject to conversion ratio adjustments for stock splits, stock dividends, reclassifications and similar transactions and subject to vesting and the respective participation threshold for Class B Units. To the extent such owners also hold Class B common stock, they will be required to deliver to Carvana Co. a number of shares of Class B common stock equal to the number of shares of Class A common stock being exchanged for. Any shares of Class B common stock so delivered will be canceled. The number of exchangeable Class B Units is determined based on the value of Carvana Co.'s Class A common stock and the applicable participation threshold. Class C Redeemable Preferred Units On July 27, 2015, the Company authorized the issuance of and sold approximately 14.1 million Class C Redeemable Preferred Units to CVAN Holdings, LLC, for approximately $65.0 million . On April 27, 2016 , the Company authorized the issuance of and sold approximately 18.3 million Class C Redeemable Preferred Units for approximately $100.0 million to Mr. Garcia. On July 12, 2016 , the Company authorized the issuance of and sold approximately 8.6 million Class C Redeemable Preferred Units to CVAN Holdings, LLC, and approximately 1.7 million Class C Redeemable Preferred Units to GV Auto I, LLC for approximately $50.0 million and $9.7 million , respectively. On December 9, 2016, the Company authorized the issuance of and sold approximately 0.5 million Class C Redeemable Preferred Units to the Fidel Family Trust for approximately $2.7 million . The Company recorded the issuance and sale of Class C Redeemable Preferred Units at fair value, net of issuance costs. In accordance with the Company’s Operating Agreement, the Class C Redeemable Preferred Units accrued a return (the “Class C Return”) at a coupon rate of 12.5% compounding annually on the aggregate amount of capital contributions made with respect to the Class C Redeemable Preferred Units. On May 3, 2017 , the Company closed its IPO at a price such that the Company is no longer liable for the accrued Class C Return, and the outstanding Class C Redeemable Preferred Units converted to Class A Units on a one -to-one basis. As of June 30, 2017 , all Class C Redeemable Preferred Units had converted to Class A Units and the related balance became a component of permanent equity on the accompanying unaudited condensed consolidated balance sheet.

Non-controlling Interests

Non-controlling Interests	6 Months Ended
	Jun. 30, 2017
Noncontrolling Interest [Abstract]
Non-controlling Interests	NOTE 9 — NON-CONTROLLING INTERESTS As discussed in Note 1 — Business Organization , Carvana Co. consolidates the financial results of Carvana Group and reports a non-controlling interest related to the portion of Carvana Group owned by the Existing LLC Unitholders. Changes in the ownership interest in Carvana Group while Carvana Co. retains its controlling interest will be accounted for as equity transactions. Future direct exchanges of LLC Units will result in a change in ownership and reduce the amount recorded as non-controlling interests and increase additional paid-in capital. Upon the exercise of options issued by Carvana Co., or the issuance of other types of equity compensation by Carvana Co. such as the issuance of restricted or non-restricted stock, payment of bonuses in stock or settlement of stock appreciation rights in stock, Carvana Group is required to issue to Carvana Co. a number of Class A Units equal to 1.25 times the number of shares of Class A common stock being issued in connection with the exercise of such options or issuance of other types of equity compensation, subject to adjustment for stock splits, stock dividends, reclassifications and similar transactions. Issuance of Class A Units to Carvana Co. in these circumstances will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in capital. Additionally, forfeitures of unvested equity awards issued by Carvana Co. will result in an increase in the amount recorded as non-controlling interest and decrease additional paid-in capital. The non-controlling interest related to the Class B Units is determined based on the respective participation thresholds and the share price of Class A common stock on an as-converted basis. To the extent that the number of as-converted Class B Units change or Class B Units are forfeited, the resulting difference in ownership will be accounted for as equity transactions adjusting the non-controlling interest and additional paid-in capital. For the three and six months ended June 30, 2017 , the total adjustments related to equity compensation issued by Carvana Co., changes in the number of as-converted Class B Units and forfeitures of Class B Units was a decrease in non-controlling interests and a corresponding increase in additional paid-in capital of approximately $0.8 million which has been included in adjustments to the non-controlling interests in the accompanying unaudited condensed consolidated statement of stockholders' equity. As of June 30, 2017 , Carvana Co. owned approximately 11% of Carvana Group with the Existing LLC Unitholders owning the remaining 89% . The non-controlling interests on the accompanying unaudited condensed consolidated statements of operations represents the portion of the loss attributable to the economic interest in Carvana Group held by the non-controlling Existing LLC Unitholders calculated based on the average non-controlling interests' ownership during the periods presented. The following table summarizes the effects of changes in ownership in Carvana Group on the Company's equity (in thousands): Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Transfers (to) from non-controlling interests: Decrease in additional paid-in capital as a result of the Organizational Transactions $ (174,255 ) $ (174,255 ) Increase in additional paid-in capital as a result of adjustments to the non-controlling interests 846 846 Total transfers to non-controlling interests $ (173,409 ) $ (173,409 )

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity-Based Compensation	NOTE 10 — EQUITY-BASED COMPENSATION Equity-based compensation expense is recognized based on amortizing the grant-date fair value on a straight-line basis over the requisite service period, which is generally the vesting period of the award, less actual forfeitures. A summary of equity-based compensation expense recognized during the three and six months ended June 30, 2017 and June 30, 2016 is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Class B Units $ 482 137 $ 640 $ 283 Restricted Stock Awards 1,150 — 1,150 — Options 368 — 368 — Total equity-based compensation expense $ 2,000 $ 137 $ 2,158 $ 283 2017 Omnibus Incentive Plan In connection with the IPO, the Company adopted the 2017 Omnibus Incentive Plan (the "2017 Incentive Plan"). Under the 2017 Incentive Plan 14.0 million shares of Class A common stock are available for issuance, which the Company may grant as stock options, stock appreciation rights, restricted stock, and other stock-based awards to employees, directors, officers and consultants. As of June 30, 2017 , approximately 12.9 million shares remain available for future equity award grants. During the three and six months ended June 30, 2017 , the Company issued certain employees and consultants an aggregate of approximately 0.6 million restricted shares of Class A common stock pursuant to the terms of the 2017 Incentive Plan with a weighted-average grant-date fair value of $16.96 . The Company also awarded options to purchase an aggregate of approximately 0.5 million shares of Class A common stock to employees, consultants and directors, weighted-average grant-date fair value of $8.31 . The Company determined the grant-date fair value of the options using the Black-Scholes valuation model with the following weighted-average assumptions: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Expected volatility (1) 63.0 % 63.0 % Expected dividend yield — % — % Expected term (in years) (2) 6.25 6.25 Risk-free interest rate 1.9 % 1.9 % (1) Measured using selected high-growth guideline companies and considering the risk factors that would influence the range of expected volatility because the Company does not have sufficient historical data to provide a reasonable basis upon which to estimate the expected volatility. (2) Expected term represents the estimated period of time until an option is exercised and was determined using the simplified method because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term. Class B Units During the three and six months ended June 30, 2017 , the Company issued an aggregate of approximately 0.8 million Class B Units to executive officers and certain other employees with a participation threshold of $12.00 and a grant-date fair value of $7.04 . During the three and six months ended June 30, 2016, the Company issued 0 and approximately 0.6 million Class B Units, respectively, with a per unit participation threshold of $4.878 and a grant-date fair value of $0.22 . The Company determined the grant-date fair value of the Class B Units using the Black-Scholes valuation model with the following weighted-average assumptions: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Expected volatility (1) 63.0 % 65.0 % 63.0 % 65.0 % Expected dividend yield — % — % — % — % Expected term (in years) (2) 6.25 2.50 6.25 2.50 Risk-free interest rate 1.9 % 1.2 % 1.9 % 1.2 % (1) Measured using selected high-growth guideline companies and considering the risk factors that would influence the range of expected volatility because the Company does not have sufficient historical data to provide a reasonable basis upon which to estimate the expected volatility. (2) Expected term represents the estimated period of time until an option is exercised and was determined using the simplified method because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term. Company Performance Plan The Company created the Performance Plan on July 25, 2016, whereby the Company was authorized to grant up to 1.0 million performance units (the “Performance Units”) to certain employees and consultants. The Performance Units granted were subject to continued employment and were only exercisable upon a qualifying transaction, which included an initial public offering, as defined in the Performance Plan. The IPO completed on May 3, 2017 constituted a qualifying transaction under the terms of the Performance Plan. The Company chose to settle the outstanding Performance Units in equity awards of Carvana Co. and recognized compensation expense related to the vested portion of these equity awards upon completion of the IPO. As of June 30, 2017 , the total unrecognized compensation expense related to outstanding equity awards was approximately $20.1 million , which the Company expects to recognize over a weighted-average period of approximately 3.6 years . Total unrecognized equity-based compensation expense will be adjusted for actual forfeitures.

Loss Per Share

Loss Per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Loss Per Share	NOTE 11 — LOSS PER SHARE Basic and diluted net loss per share is computed by dividing the net loss attributable to Class A common stockholders by the weighted-average shares of Class A common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potentially dilutive shares. For all periods presented, potentially dilutive shares are excluded from diluted net loss per share because they have an anti-dilutive impact. Therefore, basic and diluted net loss per share attributable to Class A common stockholders are the same for all periods presented. As discussed in Note 1 — Business Organization , the Organizational Transactions are considered transactions between entities under common control and the financial statements for periods prior to the IPO and Organizational Transactions have been adjusted to combine the previously separate entities for presentation purposes. For purposes of calculating both the numerator and denominator of net loss per share for periods prior to the IPO, the Company has retroactively reflected the 15.0 million shares issued in the IPO and the LLC Units outstanding as of the Organizational Transactions as if they had been issued and outstanding as of the beginning of each period presented. These calculations for periods prior to the IPO do not consider the options or shares of Class A common stock issued on the IPO date under the 2017 Incentive Plan. The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net loss $ (38,870 ) $ (18,108 ) $ (77,309 ) $ (35,433 ) Less: Net loss attributable to non-controlling interests (34,594 ) (16,134 ) (68,843 ) (31,571 ) Net loss attributable to Carvana Co., basic and diluted $ (4,276 ) $ (1,974 ) $ (8,466 ) $ (3,862 ) Denominator: Weighted-average shares of Class A common stock outstanding 15,242 15,000 15,121 15,000 Less: unvested weighted-average restricted stock awards 216 — 108 — Weighted-average shares of Class A common stock to compute basic and diluted net loss per Class A common share 15,026 15,000 15,013 15,000 Net loss per share of Class A common stock, basic and diluted $ (0.28 ) $ (0.13 ) $ (0.56 ) $ (0.26 ) Shares of Class B common stock do not share in the losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted net loss per share of Class B common stock under the two -class method has not been presented. LLC Units (adjusted for the Exchange Ratio and participation thresholds) are considered potentially dilutive shares of Class A common stock because they are exchangeable into shares of Class A common stock. Weighted-average as-converted Class A Units of approximately 117.2 million together with the related Class B common stock for the three and six months ended June 30, 2017 and June 30, 2016 were evaluated under the if-converted method for potentially dilutive effects and were determined to be anti-dilutive. Outstanding Class B Units of approximately 7.5 million and 6.2 million at June 30, 2017 and June 30, 2016 , respectively, were evaluated for potentially dilutive effects and were determined to be anti-dilutive. Potentially dilutive restricted stock awards of approximately 0.2 million and 0.1 million for the three and six months ended June 30, 2017 , respectively, were evaluated under the treasury stock method for potentially dilutive effects and were determined to be anti-dilutive. During the three and six months ended June 30, 2017 , the exercise price of all outstanding options exceeded the average share price of Class A common stock, thus, options were not contemplated in diluted net loss per share computations.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12 — INCOME TAXES As a result of the IPO and Organizational Transactions, Carvana Co. owns a portion of the LLC Units of Carvana Group, which is treated as a partnership for U.S. federal and most applicable state and local income tax purposes. As a partnership, Carvana Group is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by Carvana Group is passed through to and included in the taxable income or loss of its members, including Carvana Co., in accordance with the terms of the LLC Agreement. Carvana Co. is subject to U.S. federal income taxes, in addition to state and local income taxes with respect to the allocable share of any taxable income of Carvana Group. The Company recognizes deferred tax assets to the extent it believes these assets are more-likely-than-not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent results of operations. Based on Carvana Co.'s limited operating history and future projections of taxable income, it believes there is significant uncertainty as to whether its deferred tax assets will be realized; therefore, Carvana Co. has recorded a full valuation allowance against its deferred tax assets. Additionally, Carvana Co. did not take benefit for its portion of taxable losses incurred by Carvana Group during the three and six months ending June 30, 2017 subsequent to the IPO and Organizational Transactions. The Company recognizes uncertain income tax positions when it is more-likely-than-not the position will be sustained upon examination. As of December 31, 2016 and June 30, 2017 , the Company has not identified any uncertain tax positions and has not recognized any related reserves. Tax Receivable Agreement Carvana Co. expects to obtain an increase in its share of the tax basis in the net assets of Carvana Group when LLC Units are exchanged by the Existing LLC Unitholders and other qualifying transactions. As described in Note 8 — Stockholders' Equity , each change in outstanding shares of Class A common stock results in a corresponding increase or decrease in Carvana Co.'s ownership of LLC Units. The Company intends to treat any exchanges of LLC Units as direct purchases of LLC interests for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that Carvana Co. would otherwise pay in the future to various taxing authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. In connection with the IPO, the Company entered into a Tax Receivable Agreement (“TRA”). Under the TRA, the Company generally will be required to pay to the Existing LLC Unitholders 85% of the amount of cash savings, if any, in U.S. federal, state or local tax that the Company actually realizes directly or indirectly (or are deemed to realize in certain circumstances) as a result of (i) certain tax attributes created as a result of the IPO and any sales or exchanges (as determined for U.S. federal income tax purposes) to or with the Company of their interests in Carvana Group for shares of Carvana Co.'s Class A common stock or cash, including any basis adjustment relating to the assets of Carvana Group and (ii) tax benefits attributable to payments made under the TRA (including imputed interest). The Company expects to benefit from the remaining 15% of any tax benefits that it may actually realize. To the extent that the Company is unable to timely make payments under the TRA for any reason, such payments generally will be deferred and will accrue interest until paid. If the Internal Revenue Service or a state or local taxing authority challenges the tax basis adjustments that give rise to payments under the TRA and the tax basis adjustments are subsequently disallowed, the recipients of payments under the agreement will not reimburse the Company for any payments the Company previously made to them. Any such disallowance would be taken into account in determining future payments under the TRA and would, therefore, reduce the amount of any such future payments. Nevertheless, if the claimed tax benefits from the tax basis adjustments are disallowed, the Company’s payments under the TRA could exceed its actual tax savings, and the Company may not be able to recoup payments under the TRA that were calculated on the assumption that the disallowed tax savings were available. The TRA provides that if (i) certain mergers, asset sales, other forms of business combinations, or other changes of control were to occur, (ii) there is a material breach any material obligations under the TRA; or (iii) it elects an early termination of the TRA, then the TRA will terminate and the Company's obligations, or the Company's successor’s obligations, under the TRA will accelerate and become due and payable, based on certain assumptions, including an assumption that the Company would have sufficient taxable income to fully utilize all potential future tax benefits that are subject to the TRA, to the extent applicable, that any LLC Units that have not been exchanged are deemed exchanged for the fair market value of the Company's Class A common stock at the time of termination. As of June 30, 2017 , there have been no exchanges of LLC Units and as a result, the Company has not recorded a liability related to the TRA.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 13 — COMMITMENTS AND CONTINGENCIES Lease Commitments As of June 30, 2017 , the Company is a tenant under various operating leases with third parties related to certain of its delivery hubs and vending machines. The initial terms expire at various dates between 2017 and 2037. Many of the leases include one or more renewal options of five to ten year periods. Rent expense for these operating leases was approximately $1.2 million and $0.2 million for the three months ended June 30, 2017 and 2016 , respectively, and approximately $1.8 million and $0.4 million for the six months ended June 30, 2017 and 2016 , respectively. In September 2016, the Company entered into a new lease with a third party for the second floor of a new corporate headquarters in Tempe, Arizona that it moved into during the second quarter of 2017. The lease has an initial term of 83 months and has three five -year extension options. At the request of the landlord, DriveTime agreed to partially guarantee the lease payments until the 30 th full calendar month of such lease. The Company started incurring rent expense for this lease in April 2017, and the rent expense for the three months ended June 30, 2017 was approximately $0.3 million . The Company also has lease agreements with DriveTime that provide the Company access to and utilization of space at various DriveTime inspection and reconditioning centers, temporary storage locations, and retail facilities. Additionally, the Company entered into a sublease with DriveTime for the use of the first floor of its new corporate headquarters in Tempe, Arizona. See Note 5 — Related Party Transactions for further related party lease information. Letters of Credit In October 2016, the Company obtained an unconditional, irrevocable, stand-by letter of credit for $1.9 million to satisfy a condition of a new lease agreement. The Company is required to maintain a cash deposit of $1.9 million with the financial institution that issued the stand-by letter of credit until February 2018, at which point the cash deposit requirement will be reduced by approximately $1.0 million until November 30, 2018, at which time the letter of credit shall expire. The Company has earned interest on this letter of credit, and as of June 30, 2017 and December 31, 2016 , the balance with the financial institution was approximately $2.0 million . This balance is classified as restricted cash in the accompanying unaudited condensed consolidated balance sheets. Legal Matters In the ordinary course of business, the Company may become subject to litigation or claims. The Company is not aware of any pending legal proceedings of which the outcome is reasonably possible to have a material effect on its results of operations, financial condition or cash flows.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 14 — FAIR VALUE OF FINANCIAL INSTRUMENTS As of June 30, 2017 and December 31, 2016 , the Company held certain assets that were required to be measured at fair value on a recurring basis. The following is a summary of fair value measurements at June 30, 2017 and December 31, 2016 (in thousands): As of June 30, 2017 : Carrying Value Level 1 Level 2 Level 3 Assets: Money market funds (1) $ 144,707 $ 144,707 $ — $ — Purchase Price Adjustment Receivable (2) 745 — — 745 As of December 31, 2016 : Carrying Value Level 1 Level 2 Level 3 Assets: Money market funds (1) $ 20,088 $ 20,088 $ — $ — ___________________________ (1) Classified in cash and cash equivalents in the accompanying unaudited condensed consolidated balance sheets. (2) Classified as other assets in the accompanying unaudited condensed consolidated balance sheet and as a component of other sales and revenues in the accompanying unaudited condensed consolidated statements of operations. The fair value of the purchase price adjustment receivable is determined based on the extent to which the Company’s estimated performance of the underlying finance receivables exceeds the purchaser’s estimated performance of the underlying finance receivables as of measurement dates specified in the Master Purchase and Sale Agreement. The Company develops its estimate of future cumulative losses based on the historical performance of finance receivables it originated with similar characteristics as well as general macro-economic trends. The Company then utilizes a discounted cash flow model to calculate the present value of the expected future payment amounts. Such fair value measurement is considered Level 3 under the fair value hierarchy. The carrying amounts of restricted cash, receivables due from related party, accounts payable and accrued liabilities and accounts payable to related party approximate fair value because their respective maturities are less than three months. The carrying value of the Floor Plan Facility was determined to approximate fair value due to its short-term duration and variable interest rate that approximates prevailing interest rates as of each reporting period. The carrying value of notes payable was determined to approximate fair value as each of the notes has prevailing interest rates, which have not materially changed as of June 30, 2017 . The fair value of finance receivables, net was determined to be approximately $24.9 million and $25.6 million as of June 30, 2017 and December 31, 2016 , respectively, utilizing the estimated sales price based on the historical experience of the Company. Such fair value measurement of the finance receivables, net is considered Level 2 under the fair value hierarchy.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	NOTE 15 — SUBSEQUENT EVENTS In August 2017, the Company amended the Floor Plan Facility to, among other things, extend the maturity date to December 31, 2018 , and increase the available credit to $275.0 million from August 4, 2017 through December 31, 2017 and to $350.0 million from January 1, 2018 through December 31, 2018 .

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting and Presentation	Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. All intercompany balances and transactions have been eliminated. Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. The Company believes the disclosures made are adequate to prevent the information presented from being misleading. However, the accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2016 included in the final prospectus for Carvana Co.’s IPO filed April 28, 2017 pursuant to Rule 424(b) under the Securities Act of 1933, as amended, with the SEC. The accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring items) necessary to present fairly the Company’s financial position as of June 30, 2017 , its results of operations for the three and six months ended June 30, 2017 and 2016 , its cash flows for the six months ended June 30, 2017 and 2016 , and the changes in its stockholders' equity for the six months ended June 30, 2017 . The Company discloses all material changes in its members’ equity for the six months ended June 30, 2016 throughout the accompanying notes, and, therefore, does not separately present a statement of changes in members’ equity for this period in its unaudited condensed consolidated financial statements. Interim results are not necessarily indicative of full year performance because of the impact of seasonal and short-term variations. As discussed in Note 1 — Business Organization , Carvana Group is considered a VIE and Carvana Co. consolidates its financial results due to the determination that it is the primary beneficiary. The Company reviews subsidiaries and affiliates, as well as other entities, to determine if it should be considered variable interest entities, and whether it should change the consolidation determinations based on changes in its characteristics. The Company considers an entity a VIE if its equity investors own an interest therein that lacks the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or if the entity is structured with non-substantive voting interests. To determine whether or not the entity is consolidated with the Company’s results, the Company also evaluates which interests are variable interests in the VIE and which party is the primary beneficiary of the VIE.
Liquidity	Liquidity The accompanying interim unaudited condensed consolidated financial statements of the Company have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern. From inception, the Company has funded operations through the sale of Class A Units, its IPO completed on May 3, 2017 for net proceeds of approximately $205.9 million , the sale of Class C Redeemable Preferred Units, capital contributions from DriveTime and short-term funding from the Company’s majority owner. The Company has historically funded vehicle inventory purchases through its Floor Plan Facility, described in further detail in Note 7 — Debt Instruments , and has approximately $33.2 million available under the Floor Plan Facility to fund future vehicle inventory purchases as of June 30, 2017 . Management believes that current working capital is sufficient to fund operations for at least one year from the financial statement issuance date.
Use of Estimates	Use of Estimates The preparation of these 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.
Comprehensive Loss	Comprehensive Loss During the three and six months ended June 30, 2017 and 2016 , the Company did not have any other comprehensive income and, therefore, the net loss and comprehensive loss were the same for all periods presented.
Restricted Cash	Restricted Cash The restricted cash includes the deposit required under the Company's Floor Plan Facility, which is 5% of the outstanding floor plan facility principal balance, as explained in Note 7 — Debt Instruments and amounts held as restricted cash as required under letter of credit agreements, as explained in Note 13 — Commitments and Contingencies .
Income Taxes	Income Taxes The Company accounts for income taxes pursuant to the asset and liability method which requires the recognition of deferred income tax assets and liabilities related to the expected future tax consequences arising from temporary differences between the carrying amounts and tax bases of assets and liabilities based on enacted statutory tax rates applicable to the periods in which the temporary differences are expected to reverse. Any effects of changes in income tax rates or laws are included in income tax expense in the period of enactment. A valuation allowance is recognized if the Company determines it is more likely than not that all or a portion of a deferred tax asset will not be recognized.
Adoption of New Accounting Standards and Accounting Standards Issued But Not Yet Adopted	Adoption of New Accounting Standards In October 2016, the FASB issued ASU 2016-17, Interests Held through Related Parties That Are Under Common Control ("ASU 2016-17"), which updates the consolidation requirements when evaluating whether or not the entity is the primary beneficiary of a VIE with regard to interests held by related parties under common control. Under ASU 2016-17, entities will consider all indirect economic interests in a VIE held by related parties on a proportionate basis regardless of whether or not the related parties are under common control. The update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016, with early adoption permitted. Since the Company has adopted ASU 2015-02, ASU 2016-17 requires retrospective application to all periods presented. The Company adopted ASU 2016-17 on January 1, 2017 and it did not have an impact on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations ("ASU 2017-01"), which narrows the definition of a business and assists entities evaluate whether transactions should be accounted for as acquisitions of assets or businesses. Under ASU 2017-01, when substantially all the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, entities must consider a robust framework to determine when a set of assets and activities is a business. The update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The Company adopted ASU 2017-01 on January 1, 2017 and it did not have a material impact on its consolidated financial statements. Accounting Standards Issued But Not Yet Adopted Since May 2014, the FASB has issued several accounting standards updates related to revenue recognition including ASC 606, Revenue from Contracts with Customers , which amends the guidance in ASC 605, Revenue Recognition, and provides a single, comprehensive revenue recognition model for all contracts with customers. These updates contain principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized. The entity will recognize revenue to reflect the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The updates address how entities should identify goods and services being provided to a customer, the unit of account for a principal versus agent assessment, how to evaluate whether a good or service is controlled before being transferred to a customer and how to assess whether an entity controls services performed by another party. These updates are effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 with early adoption permitted. The Company currently plans to adopt these updates for the fiscal year beginning January 1, 2018 and is evaluating its transition method. Based on the manner in which the Company recognizes revenue, the Company does not anticipate a material impact on its consolidated financial statements as a result of adopting these updates. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) related to the accounting for leases. This ASU introduces a lessee model that requires a right-of-use asset and lease obligation to be presented on the balance sheet for all leases, whether operating or financing. The ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. Expense recognition on the income statement remains similar to current lease accounting guidance. The ASU is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018. The Company plans to adopt this ASU for its fiscal year beginning January 1, 2019. The adoption of this ASU will require the recognition of a right-of-use asset and a lease obligation for the Company’s leases (see Note 13 — Commitments and Contingencies ).
Net Loss Per Unit	Basic and diluted net loss per share is computed by dividing the net loss attributable to Class A common stockholders by the weighted-average shares of Class A common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potentially dilutive shares. For all periods presented, potentially dilutive shares are excluded from diluted net loss per share because they have an anti-dilutive impact. Therefore, basic and diluted net loss per share attributable to Class A common stockholders are the same for all periods presented. As discussed in Note 1 — Business Organization , the Organizational Transactions are considered transactions between entities under common control and the financial statements for periods prior to the IPO and Organizational Transactions have been adjusted to combine the previously separate entities for presentation purposes. For purposes of calculating both the numerator and denominator of net loss per share for periods prior to the IPO, the Company has retroactively reflected the 15.0 million shares issued in the IPO and the LLC Units outstanding as of the Organizational Transactions as if they had been issued and outstanding as of the beginning of each period presented. These calculations for periods prior to the IPO do not consider the options or shares of Class A common stock issued on the IPO date under the 2017 Incentive Plan.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	The following table summarizes property and equipment, net as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Land and site improvements $ 11,474 $ 9,355 Buildings and improvements 38,170 14,750 Transportation fleet 24,734 16,520 Software 13,239 10,065 Furniture, fixtures and equipment 9,681 3,704 Total property and equipment excluding construction in progress 97,298 54,394 Less: accumulated depreciation and amortization (13,198 ) (9,752 ) Property and equipment excluding construction in progress, net 84,100 44,642 Construction in progress 22,027 15,950 Property and equipment, net $ 106,127 $ 60,592

Accounts Payable and Other Ac26

Accounts Payable and Other Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	The following table summarizes accounts payable and other accrued liabilities as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Accounts payable $ 7,071 $ 6,208 Accrued property and equipment 6,326 3,045 Sales taxes and vehicle licenses and fees 4,987 4,265 Accrued compensation and benefits 3,428 3,398 Accrued advertising costs 2,912 1,281 Accrued inventory costs 1,787 3,480 Other accrued liabilities 6,444 6,487 Total accounts payable and other accrued liabilities $ 32,955 $ 28,164

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	6 Months Ended
	Jun. 30, 2017
Noncontrolling Interest [Abstract]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	The following table summarizes the effects of changes in ownership in Carvana Group on the Company's equity (in thousands): Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Transfers (to) from non-controlling interests: Decrease in additional paid-in capital as a result of the Organizational Transactions $ (174,255 ) $ (174,255 ) Increase in additional paid-in capital as a result of adjustments to the non-controlling interests 846 846 Total transfers to non-controlling interests $ (173,409 ) $ (173,409 )

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	A summary of equity-based compensation expense recognized during the three and six months ended June 30, 2017 and June 30, 2016 is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Class B Units $ 482 137 $ 640 $ 283 Restricted Stock Awards 1,150 — 1,150 — Options 368 — 368 — Total equity-based compensation expense $ 2,000 $ 137 $ 2,158 $ 283
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The Company determined the grant-date fair value of the options using the Black-Scholes valuation model with the following weighted-average assumptions: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Expected volatility (1) 63.0 % 63.0 % Expected dividend yield — % — % Expected term (in years) (2) 6.25 6.25 Risk-free interest rate 1.9 % 1.9 % (1) Measured using selected high-growth guideline companies and considering the risk factors that would influence the range of expected volatility because the Company does not have sufficient historical data to provide a reasonable basis upon which to estimate the expected volatility. (2) Expected term represents the estimated period of time until an option is exercised and was determined using the simplified method because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.
Schedule of Share-based Payment Award, Stock, Common Units, Valuation Assumptions [Table Text Block]	The Company determined the grant-date fair value of the Class B Units using the Black-Scholes valuation model with the following weighted-average assumptions: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Expected volatility (1) 63.0 % 65.0 % 63.0 % 65.0 % Expected dividend yield — % — % — % — % Expected term (in years) (2) 6.25 2.50 6.25 2.50 Risk-free interest rate 1.9 % 1.2 % 1.9 % 1.2 % (1) Measured using selected high-growth guideline companies and considering the risk factors that would influence the range of expected volatility because the Company does not have sufficient historical data to provide a reasonable basis upon which to estimate the expected volatility. (2) Expected term represents the estimated period of time until an option is exercised and was determined using the simplified method because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Summary of the Calculation of Basic and Diluted Net Loss Per Unit	The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net loss $ (38,870 ) $ (18,108 ) $ (77,309 ) $ (35,433 ) Less: Net loss attributable to non-controlling interests (34,594 ) (16,134 ) (68,843 ) (31,571 ) Net loss attributable to Carvana Co., basic and diluted $ (4,276 ) $ (1,974 ) $ (8,466 ) $ (3,862 ) Denominator: Weighted-average shares of Class A common stock outstanding 15,242 15,000 15,121 15,000 Less: unvested weighted-average restricted stock awards 216 — 108 — Weighted-average shares of Class A common stock to compute basic and diluted net loss per Class A common share 15,026 15,000 15,013 15,000 Net loss per share of Class A common stock, basic and diluted $ (0.28 ) $ (0.13 ) $ (0.56 ) $ (0.26 )

Fair Value of Financial Instr30

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following is a summary of fair value measurements at June 30, 2017 and December 31, 2016 (in thousands): As of June 30, 2017 : Carrying Value Level 1 Level 2 Level 3 Assets: Money market funds (1) $ 144,707 $ 144,707 $ — $ — Purchase Price Adjustment Receivable (2) 745 — — 745 As of December 31, 2016 : Carrying Value Level 1 Level 2 Level 3 Assets: Money market funds (1) $ 20,088 $ 20,088 $ — $ — ___________________________ (1) Classified in cash and cash equivalents in the accompanying unaudited condensed consolidated balance sheets. (2) Classified as other assets in the accompanying unaudited condensed consolidated balance sheet and as a component of other sales and revenues in the accompanying unaudited condensed consolidated statements of operations.

Business Organization - Narrati

Business Organization - Narrative (Details) $ / shares in Units, $ in Thousands	May 03, 2017USD ($)$ / sharesshares	May 02, 2017USD ($)vote$ / sharesshares	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2017$ / sharesshares	Dec. 31, 2016$ / sharesshares
Subsidiary, Sale of Stock [Line Items]
Issuance of Class A common stock sold in initial public offering, net of underwriters' discounts and commissions and offering expenses | $			$ 205,925
Preferred stock, shares authorized (in shares)		50,000,000	50,000,000	50,000,000	50,000,000
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.01	$ 0.01	$ 0.01	$ 0.01
Conversion ratio	0.8			1.25
Class A
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized (in shares)		500,000,000	500,000,000	500,000,000	500,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.001	$ 0.001	$ 0.001	$ 0.001
Number of votes | vote		1
Class A | IPO
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	15,000,000
Sale of stock, price per share (USD per share) | $ / shares	$ 15
Issuance of Class A common stock sold in initial public offering, net of underwriters' discounts and commissions and offering expenses | $	$ 205,900	$ 205,900
Sale of stock, consideration received | $	$ 210,700
Class B
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized (in shares)		125,000,000	125,000,000	125,000,000	125,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.001	$ 0.001	$ 0.001	$ 0.001
Number of votes | vote		1
Common stock, shares issued (in shares)		117,200,000
Conversion ratio	0.8
Carvana Group | Class A Common Units
Subsidiary, Sale of Stock [Line Items]
Investment owned, balance (in shares)	18,800,000
LLC price per unit, multiple on initial public offering price less underwriting discounts and commissions (USD per share)	0.8
Garcia Parties | Class B
Subsidiary, Sale of Stock [Line Items]
Number of votes | vote		10
Ernest Garcia, II | Class A Common Units
Subsidiary, Sale of Stock [Line Items]
Investment owned, balance (in shares)	200,000
Interest acquired	0.10%
Carvana Group | Class A Common Units
Subsidiary, Sale of Stock [Line Items]
Convertible preferred stock, shares issued upon conversion (in shares)	43,100,000

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Liquidity (Details) - USD ($) $ in Thousands	May 03, 2017	May 02, 2017	Jun. 30, 2017
Debt Instrument [Line Items]
Issuance of Class A common stock sold in initial public offering, net of underwriters' discounts and commissions and offering expenses			$ 205,925
Floor Plan Facility | Line of Credit
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity			$ 33,200
Class A | IPO
Debt Instrument [Line Items]
Issuance of Class A common stock sold in initial public offering, net of underwriters' discounts and commissions and offering expenses	$ 205,900	$ 205,900

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Comprehensive Loss (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accounting Policies [Abstract]
Other Comprehensive income	$ 0	$ 0	$ 0	$ 0

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Restricted Cash (Details)	Jun. 30, 2017
Floor Plan Facility | Line of Credit
Debt Instrument [Line Items]
Deposit required under floor plan facility, percentage of principal balance	5.00%

Property and Equipment, Net - (

Property and Equipment, Net - (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation and amortization	$ (13,198)	$ (9,752)
Property and equipment, net	106,127	60,592
Land and site improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	11,474	9,355
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	38,170	14,750
Transportation fleet
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,734	16,520
Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,239	10,065
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,681	3,704
Property and equipment excluding construction in progress, net
Property, Plant and Equipment [Line Items]
Property and equipment, gross	97,298	54,394
Property and equipment, net	84,100	44,642
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 22,027	$ 15,950

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 2,600	$ 1,000	$ 4,645	$ 1,824
Capitalized internal use software costs	5,400	1,900	5,400	1,900
Capitalized computer software additions	$ 1,900	$ 900	$ 3,600	$ 1,400

Accounts Payable and Other Ac37

Accounts Payable and Other Accrued Liabilities - (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accounts payable	$ 7,071	$ 6,208
Accrued property and equipment	6,326	3,045
Sales taxes and vehicle licenses and fees	4,987	4,265
Accrued compensation and benefits	3,428	3,398
Accrued advertising costs	2,912	1,281
Accrued inventory costs	1,787	3,480
Other accrued liabilities	6,444	6,487
Total accounts payable and other accrued liabilities	$ 32,955	$ 28,164

Related Party Transactions - Sh

Related Party Transactions - Shared Services Agreement with DriveTime (Details) - Affiliated Entity - DriveTime Automotive Group, Inc. - Shared Services Agreement with DriveTime - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Related Party Transaction [Line Items]
Number of allowable days prior to contract termination with written notice	30 days
Number of allowable days prior to contract termination with written notice from service provider	90 days
Selling, general and administrative
Related Party Transaction [Line Items]
Expenses from transactions with related party		$ 0	$ 0.2	$ 0.1	$ 0.4

Related Party Transactions - Ai

Related Party Transactions - Aircraft Time Sharing Agreement (Details) - Air Transportation Equipment - Verde Investments, Inc. - Affiliated Entity - Aircraft Time Sharing Agreement $ in Millions	Oct. 22, 2015aircraft	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Related Party Transaction [Line Items]
Number of aircrafts | aircraft	2
Contractual Term	12 months
Contractual Agreement, Perpetual Automatic Renewal Term	12 months
Number of allowable days prior to contract termination with written notice	30 days
Expenses from transactions with related party | $		$ 0.3	$ 0.1	$ 0.4	$ 0.2

Related Party Transactions - Le

Related Party Transactions - Lease Agreements (Details) $ in Millions	1 Months Ended			3 Months Ended		6 Months Ended
	Feb. 28, 2017renewal_option	Dec. 31, 2016renewal_option	Nov. 30, 2014renewal_optionlocation	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Maximum
Related Party Transaction [Line Items]
Operating leases, renewal term						10 years
Minimum
Related Party Transaction [Line Items]
Operating leases, renewal term						5 years
Verde Investments, Inc. and DriveTime Automotive Group Inc. | Related Party Lease Agreements | Affiliated Entity
Related Party Transaction [Line Items]
Expenses from transactions with related party | $				$ 1.8	$ 0.6	$ 3.4	$ 1.1
Verde Investments, Inc. and DriveTime Automotive Group Inc. | Related Party Lease Agreements | Cost of Sales | Affiliated Entity
Related Party Transaction [Line Items]
Expenses from transactions with related party | $				0.6	0.3	1.2	0.7
Verde Investments, Inc. and DriveTime Automotive Group Inc. | Related Party Lease Agreements | Selling, general and administrative | Affiliated Entity
Related Party Transaction [Line Items]
Expenses from transactions with related party | $				$ 1.2	$ 0.3	$ 2.2	$ 0.4
Building | DriveTime Automotive Group, Inc. | Related Party Lease Agreements | Affiliated Entity
Related Party Transaction [Line Items]
Operating lease term			2 years
Operating lease, number of renewal options | renewal_option			2
Operating leases, renewal term			1 year
Operating lease, renewal options, number of locations | location			10
Building | Verde Investments, Inc. and DriveTime Automotive Group Inc. | Related Party Lease Agreements | Maximum | Affiliated Entity
Related Party Transaction [Line Items]
Rent adjustments, increase in consumer price index, percentage threshold						5.00%
Building | Verde Investments, Inc. and DriveTime Automotive Group Inc. | Related Party Lease Agreements | Minimum | Affiliated Entity
Related Party Transaction [Line Items]
Rent adjustments, increase in consumer price index, percentage threshold						2.00%
Tolleson, Arizona | Building | Verde Investments, Inc. | Lease Agreement Related to Vehicle Inspection and Reconditioning Center | Affiliated Entity
Related Party Transaction [Line Items]
Operating lease term		15 years
Operating lease, number of renewal options | renewal_option		4
Operating leases, renewal term		5 years
Winder, Georgia | Building | DriveTime Automotive Group, Inc. | Lease Agreement for Fully-Operational Inspection and Reconditioning Center | Affiliated Entity
Related Party Transaction [Line Items]
Operating lease term	8 years
Operating lease, number of renewal options | renewal_option	3
Operating leases, renewal term	5 years

Related Party Transactions - Co

Related Party Transactions - Corporate Office Leases (Details) - Affiliated Entity $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)renewal_option	Jun. 30, 2016USD ($)
Verde Investments, Inc. | Corporate Headquarters, Office Lease
Related Party Transaction [Line Items]
Expenses from transactions with related party		$ 0.2		$ 0.4
DriveTime Automotive Group, Inc. | Corporate Headquarters, Office Lease
Related Party Transaction [Line Items]
Guarantor obligations, maximum exposure	$ 0.5		$ 0.5
DriveTime Automotive Group, Inc. | Subleased Office Space
Related Party Transaction [Line Items]
Expenses from transactions with related party			0.1
DriveTime Automotive Group, Inc. | Subleased Office Space, First Floor
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 0.2		$ 0.3
Operating lease term			83 months
Operating lease, number of renewal options | renewal_option			3
Operating leases, renewal term			5 years

Related Party Transactions - Re

Related Party Transactions - Repurchase of Finance Receivables from DriveTime (Details) - USD ($) $ in Thousands	Jan. 20, 2016	Jun. 30, 2016	Jun. 30, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Receivable balance repurchased			$ 24,049	$ 24,771
Consumer Loan | Finance Receivable Purchase Agreement
Related Party Transaction [Line Items]
Payments to repurchase financing receivables		$ (72,400)
Consumer Loan | Transfer Agreements and Note Purchase and Security Agreements
Related Party Transaction [Line Items]
Proceeds from new transfer of financing receivables	$ (74,600)
Consumer Loan | DriveTime Automotive Group, Inc. | Affiliated Entity | Finance Receivable Purchase Agreement
Related Party Transaction [Line Items]
Receivable balance repurchased	72,400
Payments to repurchase financing receivables	$ (74,600)

Related Party Transactions - Dr

Related Party Transactions - Drivetime Receivable Purchase Agreement (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
DriveTime Automotive Group, Inc. | Affiliated Entity | Finance Receivable Purchase Agreement
Related Party Transaction [Line Items]
Due from related parties	$ 0	$ 0

Related Party Transactions - Ma

Related Party Transactions - Master Dealer Agreement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Related Party Transaction [Line Items]
Revenue from related parties	$ 1,898	$ 0	$ 3,656	$ 0
DriveTime Automotive Group, Inc. | Affiliated Entity | Master Dealer Agreement
Related Party Transaction [Line Items]
Revenue from related parties	$ 1,900		$ 3,700

Related Party Transactions - Cr

Related Party Transactions - Credit Facility with Verde (Details) - Line of Credit - Verde Investments, Inc. - Affiliated Entity	Feb. 27, 2017USD ($)draw
Related Party Transaction [Line Items]
Debt instrument, fee amount	$ 1,000,000
Verde Credit Facility
Related Party Transaction [Line Items]
Line of credit facility, maximum borrowing capacity	$ 50,000,000
Debt instrument, maximum number of draws | draw	5
Line of credit facility, minimum borrowing per draw	$ 10,000,000
Interest rate	12.00%
Verde credit facility	$ 35,000,000
Accrued interest paid	$ 400,000

Related Party Transactions - Ac

Related Party Transactions - Accounts Payable Due to Related Party (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Accounts payable due to related party	$ 2,169	$ 1,884
Affiliated Entity
Related Party Transaction [Line Items]
Accounts payable due to related party	$ 2,200	$ 1,900

Finance Receivable Sale Agree47

Finance Receivable Sale Agreements - Transfer Agreements and Note Purchase and Security Agreements (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2016	Jun. 30, 2017
Transfer Agreements and Note Purchase and Security Agreements
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from advances		$ 63,000,000
Transfer Agreements and Note Purchase and Security Agreements | Consumer Loan
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Transfer of financial assets accounted for as sales, amount derecognized	$ 160,700,000
Gain on loan sales	3,800,000
Receivable purchase agreement, remaining unused capacity			$ 0
Finance Receivable Purchase Agreement | Consumer Loan
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Payments to repurchase financing receivables	$ 72,400,000

Finance Receivable Sale Agree48

Finance Receivable Sale Agreements - Master Purchase and Sale Agreement and Master Transfer Agreement (Details) - Consumer Loan - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Dec. 31, 2016	Jun. 30, 2017	Jun. 30, 2017
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Costs incurred related to purchase and sale agreement and master transfer agreement	$ 900,000
Purchase and Sale Agreement
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Transfer of financial assets, accounted for as sales, maximum amount eligible to be sold	375,000,000
Transfer of financial assets accounted for as sales, amount derecognized		$ 157,700,000	$ 157,700,000
Receivable purchase agreement, remaining unused capacity		196,000,000	196,000,000
Master Transfer Agreement
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Transfer of financial assets, accounted for as sales, maximum amount eligible to be sold	$ 292,200,000
Transfer of financial assets accounted for as sales, amount derecognized		66,600,000	66,600,000
Receivable purchase agreement, remaining unused capacity		217,200,000	217,200,000
Master Purchase and Sale Agreement and Master Transfer Agreement
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Gain on loan sales		$ 5,400,000	$ 8,400,000

Debt Instruments - Floor Plan F

Debt Instruments - Floor Plan Facility (Details) - USD ($)	1 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Line of credit, outstanding		$ 166,840,000	$ 165,313,000
Restricted cash		$ 10,339,000	10,266,000
Floor Plan Facility | Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 200,000,000
Debt instrument, extension period	364 days
Deposit required under floor plan facility, percentage of principal balance		5.00%
Term of principal payments	5 days
Principal repayment, term threshold after sale of used vehicle	15 days
Principal repayment, term threshold after sale of related finance receivable	1 day
Outstanding balance, days held in inventory threshold	180 days
Outstanding balance, held in inventory, percentage of original principal amount due	10.00%
Outstanding balance, held in inventory, original principal amount, threshold	50.00%
Outstanding balance, held in inventory, wholesale value, threshold	50.00%
Interest rate		5.02%
Line of credit, outstanding		$ 166,800,000
Line of credit facility, remaining borrowing capacity		33,200,000
Restricted cash		$ 8,300,000	$ 8,400,000
London Interbank Offered Rate (LIBOR) | Floor Plan Facility | Line of Credit
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.80%

Debt Instruments - Notes Payabl

Debt Instruments - Notes Payable (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Current portion of long-term debt	$ 1,873	$ 1,057
Promissory Note | Notes Payable, Other Payables
Debt Instrument [Line Items]
Debt instrument, face amount	$ 10,300
Debt instrument, term	5 years
Notes payable	$ 9,200
Current portion of long-term debt	1,900
Promissory Note | Notes Payable, Other Payables | Minimum
Debt Instrument [Line Items]
Debt instrument, face amount	$ 300
Interest rate	4.56%
Promissory Note | Notes Payable, Other Payables | Maximum
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,800
Interest rate	6.29%

Debt Instruments - Other Long-T

Debt Instruments - Other Long-Term Debt (Details) $ in Millions	Jun. 30, 2017USD ($)
Debt Disclosure [Abstract]
Sale leaseback transaction, amount due under financing arrangement	$ 3

Stockholders' Equity - (Details

Stockholders' Equity - (Details) $ / shares in Units, $ in Thousands	May 03, 2017USD ($)$ / sharesshares	May 02, 2017USD ($)vote$ / sharesshares	Dec. 09, 2016USD ($)shares	Jul. 12, 2016USD ($)shares	Apr. 27, 2016USD ($)shares	Jul. 27, 2015USD ($)shares	Jul. 25, 2015	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)$ / sharesshares
Limited Partners' Capital Account [Line Items]
Preferred stock, shares authorized (in shares)		50,000,000						50,000,000	50,000,000		50,000,000
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.01						$ 0.01	$ 0.01		$ 0.01
Required ratio between shares issued and shares owned of subsidiary	0.8
Conversion ratio	0.8								1.25
Issuance of Class A common stock sold in initial public offering, net of underwriters' discounts and commissions and offering expenses | $								$ 205,925
Stock issuance costs charged against additional paid in capital | $	$ 4,700
Stock issuance costs | $											$ 1,300
Payments of stock issuance costs | $											$ 400
Class A Common Units
Limited Partners' Capital Account [Line Items]
Partners' capital account, units (in shares)	18,600,000
Class C Redeemable Preferred Units
Limited Partners' Capital Account [Line Items]
Payments of stock issuance costs | $									$ 0	$ 38
Temporary equity, coupon rate							12.50%
Class A
Limited Partners' Capital Account [Line Items]
Common stock, shares authorized (in shares)		500,000,000						500,000,000	500,000,000		500,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.001						$ 0.001	$ 0.001		$ 0.001
Number of votes | vote		1
Class B
Limited Partners' Capital Account [Line Items]
Common stock, shares authorized (in shares)		125,000,000						125,000,000	125,000,000		125,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.001						$ 0.001	$ 0.001		$ 0.001
Number of votes | vote		1
Conversion ratio	0.8
Common stock, shares issued (in shares)		117,200,000
Garcia Parties
Limited Partners' Capital Account [Line Items]
Ownership percentage of outstanding shares, minimum requirement		25.00%
Garcia Parties | Class B
Limited Partners' Capital Account [Line Items]
Number of votes | vote		10
Carvana Sub
Limited Partners' Capital Account [Line Items]
Percentage of voting power		0.10%
Ernest Garcia, II | Class A Common Units
Limited Partners' Capital Account [Line Items]
Investment owned, balance (in shares)	200,000
Interest acquired	0.10%
GV Auto I, LLC | Class C Redeemable Preferred Units
Limited Partners' Capital Account [Line Items]
Temporary equity, stock issued during period (in shares)				1,700,000
Temporary equity, value stock issued during period | $				$ 9,700
Fidel Family Trust | Class C Redeemable Preferred Units
Limited Partners' Capital Account [Line Items]
Temporary equity, stock issued during period (in shares)			500,000
Temporary equity, value stock issued during period | $			$ 2,700
IPO | Class A
Limited Partners' Capital Account [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	15,000,000
Sale of stock, price per share (USD per share) | $ / shares	$ 15
Issuance of Class A common stock sold in initial public offering, net of underwriters' discounts and commissions and offering expenses | $	$ 205,900	$ 205,900
IPO | Class A | Class C Redeemable Preferred Units
Limited Partners' Capital Account [Line Items]
Temporary equity, conversion ratio if offering price as a percentage of original issuance price threshold exceeded (in shares)	1
Carvana Group | Class A Common Units
Limited Partners' Capital Account [Line Items]
Investment owned, balance (in shares)	18,800,000
LLC price per unit, multiple on initial public offering price less underwriting discounts and commissions (USD per share)	0.8
Affiliated Entity | CVAN Holdings, LLC | Class C Redeemable Preferred Units
Limited Partners' Capital Account [Line Items]
Temporary equity, stock issued during period (in shares)				8,600,000		14,100,000
Temporary equity, value stock issued during period | $				$ 50,000		$ 65,000
Investor | Class C Redeemable Preferred Units
Limited Partners' Capital Account [Line Items]
Temporary equity, stock issued during period (in shares)					18,300,000
Investor | Mr. Garcia | Class C Redeemable Preferred Units
Limited Partners' Capital Account [Line Items]
Temporary equity, value stock issued during period | $					$ 100,000
Carvana Group | Class A Common Units
Limited Partners' Capital Account [Line Items]
Common unit, outstanding (in shares)								165,800,000	165,800,000
Carvana Group | Class B Units
Limited Partners' Capital Account [Line Items]
Common unit, outstanding (in shares)								6,100,000	6,100,000

Non-controlling Interests (Deta

Non-controlling Interests (Details) $ in Thousands	May 03, 2017	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)
Noncontrolling Interest [Line Items]
Conversion ratio	0.8		1.25
Carvana Group
Noncontrolling Interest [Line Items]
Ownership percentage by Carvana Co.		11.00%	11.00%
Ownership percentage by existing unitholders		89.00%	89.00%
Non-controlling Interests
Noncontrolling Interest [Line Items]
Adjustments to the non-controlling interests		$ 846	$ (846)
Additional Paid-in Capital
Noncontrolling Interest [Line Items]
Adjustments to the non-controlling interests		$ (846)	$ (800)

Non-controlling Interests - Cha

Non-controlling Interests - Changes in Ownership (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Noncontrolling Interest [Abstract]
Decrease in additional paid-in capital as a result of the Organizational Transactions	$ (174,255)	$ (174,255)
Increase in additional paid-in capital as a result of adjustments to the non-controlling interests	846	846
Total transfers to non-controlling interests	$ (173,409)	$ (173,409)

Equity-Based Compensation - Equ

Equity-Based Compensation - Equity-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense	$ 2,000	$ 137	$ 2,158	$ 283
Class B Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense	482	137	640	283
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense	1,150	0	1,150	0
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense	$ 368	$ 0	$ 368	$ 0

Equity-Based Compensation - 201

Equity-Based Compensation - 2017 Omnibus Incentive Plan (Details) - 2017 Omnibus Incentive Plan	3 Months Ended	6 Months Ended
	Jun. 30, 2017$ / sharesshares	Jun. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Maximum number of awards authorized for grant (in shares)	14,000,000	14,000,000
Options
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Restricted stock, number of shares granted in the period (in shares)		500,000
Options, weighted average grant date fair value (in dollars per share) | $ / shares		$ 8.39
Class A | Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Restricted stock, number of shares granted in the period (in shares)	600,000	600,000
Restricted stock, weighted average grant date fair value (in dollars per share) | $ / shares	$ 16.96
Options, weighted average grant date fair value (in dollars per share) | $ / shares		$ 16.96
Class A | Class A
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Number of shares available for grant (in shares)	12,900,000	12,900,000
Options, number of shares granted in the period (in shares)	500,000
Options, weighted average grant date fair value (in dollars per share) | $ / shares	$ 8.31

Equity-Based Compensation - Val

Equity-Based Compensation - Valuation Assumptions (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	63.00%		63.00%
Expected dividend yield	0.00%		0.00%
Expected term (in years)	6 years 2 months 29 days		6 years 2 months 29 days
Risk-free interest rate	1.90%		1.90%
Carvana Group | Class B Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	63.00%	65.00%	63.00%	65.00%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%
Expected term (in years)	6 years 2 months 29 days	2 years 6 months	6 years 2 months 29 days	2 years 6 months
Risk-free interest rate	1.90%	1.20%	1.90%	1.20%

Equity-Based Compensation - Cla

Equity-Based Compensation - Class B Units (Details) - Class B Units - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted in the period (in shares)	800,000	0		600,000
Participation threshold to participate in distributions (in dollars per share)	$ 12			$ 4.878
Weighted average grant date fair value (in dollars per share)	$ 7.04			$ 0.22
Carvana Group
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted in the period (in shares)			800,000
Participation threshold to participate in distributions (in dollars per share)			$ 12
Weighted average grant date fair value (in dollars per share)			$ 7.04

Equity-Based Compensation - Com

Equity-Based Compensation - Company Performance Plan (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jul. 25, 2016
Performance Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of awards authorized for grant (in shares)		1,000,000
Class B Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 20.1
Unrecognized compensation expense, period for recognition	3 years 7 months

Loss Per Share - Calculation of

Loss Per Share - Calculation of Basic and Diluted Net Loss Per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		2 Months Ended	3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator:
Net loss		$ (27,367)	$ (38,870)	$ (18,108)	$ (77,309)	$ (35,433)
Less: Net loss attributable to non-controlling interests			(34,594)	(16,134)	(68,843)	(31,571)
Net loss attributable to Carvana Co., basic			(4,276)	(1,974)	(8,466)	(3,862)
Net loss attributable to Carvana Co., diluted			$ (4,276)	$ (1,974)	$ (8,466)	$ (3,862)
Class A Common Units
Denominator [Abstract]
Weighted-average shares of Class A common stock outstanding (in shares)			15,242	15,000	15,121	15,000
Restricted Stock Awards
Denominator [Abstract]
Less: unvested weighted-average restricted stock awards (in shares)			216	0	108	0
Class A
Denominator [Abstract]
Weighted-average Class A Units outstanding (in shares)	[1],[2]		15,026	15,000	15,013	15,000
Net loss per share of Class A common stock, basic and diluted (in dollars per share)	[1]		$ (0.28)	$ (0.13)	$ (0.56)	$ (0.26)
[1]	(1) Amounts for periods prior to the initial public offering have been retrospectively adjusted to give effect to 15.0 million shares of Class A common stock issued in the initial public offering and the Organizational Transactions described in Note 1.
[2]	Weighted-average shares of Class A common stock outstanding have been adjusted for unvested restricted stock awards.

Loss Per Share - Narrative (Det

Loss Per Share - Narrative (Details) - shares	May 03, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Class B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		117,200,000	117,200,000	117,200,000	117,200,000
Class B Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		7,500,000	6,200,000
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		216,000	0	108,000	0
Class A | IPO
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	15,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Uncertain tax positions	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Lease Commitments (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)renewal_option	Jun. 30, 2016USD ($)
Operating Leased Assets [Line Items]
Operating leases, rent expense	$ 1.2	$ 0.2	$ 1.8	$ 0.4
Minimum
Operating Leased Assets [Line Items]
Operating leases, renewal term			5 years
Maximum
Operating Leased Assets [Line Items]
Operating leases, renewal term			10 years
Corporate Headquarters, Office Lease
Operating Leased Assets [Line Items]
Operating leases, renewal term			5 years
Operating lease term			83 months
Operating lease, number of renewal options | renewal_option			3
Rent expense	$ 0.3

Commitments and Contingencies64

Commitments and Contingencies - Letters of Credit (Details) - USD ($) $ in Millions	1 Months Ended
	Feb. 28, 2018	Jun. 30, 2017	Dec. 31, 2016	Oct. 31, 2016
Financial Standby Letter of Credit
Loss Contingencies [Line Items]
Letters of credit outstanding				$ 1.9
Required cash deposit with financial institution				$ 1.9
Interest-bearing Deposits
Loss Contingencies [Line Items]
Restricted cash		$ 2	$ 2
Forecast | Financial Standby Letter of Credit
Loss Contingencies [Line Items]
Required cash deposit with financial institution after February 2018	$ 1

Fair Value of Financial Instr65

Fair Value of Financial Instruments - Fair Value Assets Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchase Price Adjustment Receivable (2)	$ 745
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchase Price Adjustment Receivable (2)	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchase Price Adjustment Receivable (2)	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchase Price Adjustment Receivable (2)	745
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	144,707	$ 20,088
Money market funds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	144,707	20,088
Money market funds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Money market funds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 0	$ 0

Fair Value of Financial Instr66

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Estimate of Fair Value Measurement | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of finance receivables, net	$ 24.9	$ 25.6

Subsequent Events (Details)

Subsequent Events (Details) - Floor Plan Facility - Line of Credit - USD ($)	Jan. 01, 2018	Aug. 04, 2017	Feb. 28, 2017
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity			$ 200,000,000
Subsequent Event
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity		$ 275,000,000
Forecast | Subsequent Event
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity	$ 350,000,000

Uncategorized Items - cvna-2017

Label	Element	Value
Stock Issued During Period, Value, Conversion of Units	us-gaap_StockIssuedDuringPeriodValueConversionOfUnits	$ 85,227,000
Adjustments Related to Tax Withholding for Share-based Compensation	us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	299,000
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1,944,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0
Additional Paid-in Capital [Member]
Stock Issued During Period, Value, Conversion of Units	us-gaap_StockIssuedDuringPeriodValueConversionOfUnits	(174,255,000)
Adjustments Related to Tax Withholding for Share-based Compensation	us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	299,000
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1,944,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	(1,000)
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	205,910,000
Retained Earnings [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(3,039,000)
Noncontrolling Interest [Member]
Stock Issued During Period, Value, Conversion of Units	us-gaap_StockIssuedDuringPeriodValueConversionOfUnits	259,365,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(24,328,000)
Member Units [Member]
Stock Issued During Period, Value, Conversion of Units	us-gaap_StockIssuedDuringPeriodValueConversionOfUnits	(85,227,000)
Limited Liability Company (LLC) Members' Equity, Unit-based Compensation	us-gaap_LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation	158,000
Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock	us-gaap_AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock	9,439,000
Stock Issued During Period, Value, Conversion of Convertible Securities	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	260,411,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	(49,942,000)
Common Class B [Member] | Common Stock [Member]
Stock Issued During Period, Value, Conversion of Units	us-gaap_StockIssuedDuringPeriodValueConversionOfUnits	$ 117,000
Stock Issued During Period, Shares, Conversion of Units	us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits	117,236,000
Common Class A [Member] | Common Stock [Member]
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	$ 1,000
Shares Paid for Tax Withholding for Share Based Compensation	us-gaap_SharesPaidForTaxWithholdingForShareBasedCompensation	21,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures	544,000
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 15,000
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	15,000,000