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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.